The story of this market
The typical home in ZIP 62948 sells for about $87,500, or $88 per square foot.
Prices are down 18.6% from a year ago, which gives buyers more room to negotiate. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $1,000 a month.
ZIP 62948 — Herrin
The housing market in 62948 is currently characterized as a buyer's market with significant downward pressure on prices. Recent data indicates a sharp year-over-year decline in median sold prices and a high volume of active inventory relative to sales activity.
Median prices moved down 18.6% year over year.
Homes spend a median of 49 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 94.23% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.2% · poverty 13.9% — a stable, low-distress profile.
ZCTA 62948, Saline County IL
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Data retrieved from Census Bureau ZCTA-level tables for 62948.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.