Is Herod, IL 62947 a buyer’s or seller’s market?
Herod is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Herod housing market right now
In the three months ending August 31, 2026, 0% of homes in Herod, IL 62947 sold above their list price and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (64 days then) and the median sale price fell 79% to $44,681. Overall, Herod is less competitive than a year ago, which gives buyers more room.
Nearby, Stonefort 62987 (25% sold over asking) is even more competitive.
Run the numbers for 62947
Nearby markets
Golconda 62938Buyer’s market $229 /sq ftSimpson 62985 — /sq ftStonefort 62987Buyer’s market $102 /sq ft Browse all markets →Where Herod is
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Questions about Herod real estate
Is Herod a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Herod, IL 62947 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
Do homes in Herod sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 74.6% of the list price.
What are property taxes in Herod?
About 1.03% of a home’s value a year in Pope County, or roughly $4,120 on a $400,000 home.
What is the median home price in Herod?
The median sale price was $44,681 in the three months ending August 31, 2026, about $44 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology