61920 — Coles County, Illinois Market Snapshot
Housing market data for zip code 61920 in Coles County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
46 sales in 2026 (year to date)
Median Sale Price
$156,250
Days to Sell
31
Homes Sold
46
Inventory
37
Sale-to-List
96.2%
New Listings
57
Price/SqFt
$100
Pending Sales
64
Conforming Loan Available
Most homebuyers in 61920 can comfortably use conventional financing. The median home price of $156,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
61920's market is balanced with homes taking an average of 31 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 61920 sells for 3.8% below asking price (96.2% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 61920 can comfortably use conventional financing. The median home price of $156,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 61920 are set at the county level.
2026 Loan Limits — Coles County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 61920
To purchase the median home at $156,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,347.
Monthly Payment
$1,347
Income Required
$57,734
Principal & Interest
$963/mo
Down Payment (5%)
$7,813
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 61920.
Estimated Monthly Payment
$1,117
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 61920. Tell us what you're looking for.