61428 — Knox County, Illinois Market Snapshot
Housing market data for zip code 61428 in Knox County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$488,500
Days to Sell
61
Homes Sold
10
Inventory
10
Sale-to-List
97.4%
New Listings
18
Price/SqFt
$213
Pending Sales
18
Conforming Loan Available
Most homebuyers in 61428 can comfortably use conventional financing. The median home price of $488,500 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
With homes sitting for 61 days on average, 61428 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 61428 sells for 2.6% below asking price (97.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 61428 can comfortably use conventional financing. The median home price of $488,500 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 61428 are set at the county level.
2026 Loan Limits — Knox 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 61428
To purchase the median home at $488,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,893.
Monthly Payment
$3,893
Income Required
$166,831
Principal & Interest
$3,010/mo
Down Payment (5%)
$24,425
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 61428.
Estimated Monthly Payment
$3,173
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