Current Price

$156,527

1 Month Forecast

â–² $166,415

1-Year Forecast *

â–² $171,778

5-Year Forecast *

â–² $180,129

"Is it a good time to buy homes in Herrick?" "Does investing in real estate in Herrick (Illinois State, Shelby County) worth it?" According to our live Forecast System, buying a house in Herrick is a acceptable short-term (1-year) investment*. The Herrick average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Herrick" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Herrick in Illinois State, Shelby County. If you are looking for homes for sale with good flipping profit, Herrick can be a profitable property investment option. The median price of an average house in Herrick was 156,527 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Herrick" area is 180,129 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +15.08% meaning that investing 100000 USD today may yield a profit of 15,078 USD by 2031.

Current Median Listing Price: 156,527 USD Median Listing Price Per Square Foot: 87 USD

Herrick Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Herrick (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Herrick Price Target

Herrick median home price target in 12 months: $171,778* (upside of 9.7%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $174,908 $166,541 $166,541 $174,908
2024 $150,031 $156,527 $149,782 $156,536
2023 $137,590 $151,950 $137,590 $154,663
2022 $134,174 $136,823 $134,174 $144,830
2021 $130,948 $131,886 $130,360 $131,930
2020 $112,328 $129,838 $112,328 $129,838
2019 $106,977 $112,059 $106,977 $112,059
2018 $108,249 $106,337 $106,329 $109,303
2017 $109,266 $108,845 $108,046 $111,394
2016 $0 $108,962 $0 $111,562
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Herrick Housing Market Forecast

How much does an average home cost in Herrick today?

The value of an average home (the listing price) in Herrick is $156,527 USD.

What is the average price per square foot in Herrick?

According to Walletinvestor the median price per square foot in Herrick is 87 USD.

Will the median listing price of homes in Herrick grow / rise / go up?

Yes. The Herrick home prices may rise from 156,527 USD to 171,778 USD in one year.

Is it profitable to invest in Herrick homes?

Yes. The long-term profit potential is +9.74% in one year.

Will Herrick house prices fall / drop?

No. See above.

What is the predicted price of a Herrick home in 2030?

The predicted home sales price of a Herrick home in 2030 in Herrick is 186,877 USD.

What is the predicted price of a Herrick home in 2035?

The predicted home sales price of a Herrick home in 2035 in Herrick is 195,144 USD.

Will real estate prices decrease in Herrick?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Herrick is the 20022. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Shelby, Herrick decreased, looking at the past 12 months.

According to Walletinvestor's Herrick real estate market research, home values will increase in the next 12 months.

Median home values decreased by 9.408% to 156,527 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 11.743% in 2021
  • 9.043% in 2022
  • 11.663% in 2023
  • 9.013% in 2024
  • 9.673% in 2025
  • 8.523% in 2026

Based on our Herrick real estate market research and report the predicted sales prices will increase by 153.385% in the next 10 years.

Over the last 12 months, the value of homes in Herrick fluctuated: decreasing 4 times.

Herrick (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Herrick Housing Market Forecast with Real Estate Prices for 2025
August 2025 166415 150439 182391
September 2025 165444 154359 176528
October 2025 164983 152609 177357
November 2025 164559 148432 180686
December 2025 164857 152493 177222
Herrick Housing Market Forecast with Real Estate Prices for 2026
January 2026 164651 156254 173048
February 2026 164962 153579 176344
March 2026 165412 153171 177652
April 2026 166486 151169 181803
May 2026 168232 159820 176643
June 2026 169996 156226 183765
July 2026 171778 155631 187926
August 2026 173580 163512 183647
September 2026 175400 158035 192765
October 2026 175117 159531 190702
November 2026 173607 158851 188364
December 2026 172111 158514 185707
Herrick Housing Market Forecast with Real Estate Prices for 2027
January 2027 170627 155612 185642
February 2027 169400 157542 181258
March 2027 169345 153257 185433
April 2027 169877 153229 186525
May 2027 170831 161606 180056
June 2027 171195 157500 184891
July 2027 172668 161963 183374
August 2027 174479 161393 187565
September 2027 176308 165554 187063
October 2027 178157 160876 195439
November 2027 180026 170844 189207
December 2027 181913 164086 199741
Herrick Housing Market Forecast with Real Estate Prices for 2028
January 2028 183821 166174 201468
February 2028 185127 174020 196235
March 2028 184272 171004 197539
April 2028 182683 171174 194192
May 2028 181108 166076 196140
June 2028 180808 165620 195995
July 2028 182704 165529 199878
August 2028 184620 168558 200681
September 2028 186555 174802 198308
October 2028 186667 173600 199733
November 2028 185696 169169 202223
December 2028 185289 175468 195109
Herrick Housing Market Forecast with Real Estate Prices for 2029
January 2029 185698 170285 201111
February 2029 186658 173592 199724
March 2029 187223 177300 197145
April 2029 187212 171112 203312
May 2029 189175 174798 203553
June 2029 188019 171286 204753
July 2029 186877 170245 203509
August 2029 185608 169089 202127
September 2029 184008 168183 199833
October 2029 182422 164362 200482
November 2029 181359 163223 199495
December 2029 181222 167449 194994
Herrick Housing Market Forecast with Real Estate Prices for 2030
January 2030 180164 162327 198000
February 2030 179662 167804 191520
March 2030 179200 164506 193895
April 2030 179525 169472 189578
May 2030 179301 164957 193645
June 2030 179639 169938 189339
July 2030 180129 164818 195440
August 2030 181298 168608 193989
September 2030 183200 170925 195474
October 2030 185121 172718 197524
November 2030 187062 174903 199221
December 2030 189024 173146 204901
Herrick Housing Market Forecast with Real Estate Prices for 2031
January 2031 191006 173624 208387
February 2031 190697 180209 201186
March 2031 189053 178844 199262
April 2031 187424 172242 202605
May 2031 185808 168528 203088
June 2031 184472 173957 194987
July 2031 184412 166709 202116
August 2031 184992 167973 202011
September 2031 186030 167985 204075
October 2031 186427 171513 201341
November 2031 188031 178441 197620
December 2031 190003 177082 202923
Herrick Housing Market Forecast with Real Estate Prices for 2032
January 2032 191995 180667 203323
February 2032 194008 178682 209335
March 2032 196043 179771 212314
April 2032 198099 185420 210777
May 2032 200176 181960 218392
June 2032 201598 189301 213896
July 2032 200667 189429 211904

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.