62024 — Madison County, Illinois Market Snapshot
Housing market data for zip code 62024 in Madison County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
29 sales in 2026 (year to date)
Median Sale Price
$130,000
Days to Sell
19
Homes Sold
29
Inventory
19
Sale-to-List
101.0%
New Listings
43
Price/SqFt
$112
Pending Sales
N/A
Conforming Loan Available
Most homebuyers in 62024 can comfortably use conventional financing. The median home price of $130,000 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
Homes in 62024 are moving quickly at 19 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 62024 (101.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 62024 can comfortably use conventional financing. The median home price of $130,000 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 62024 are set at the county level.
2026 Loan Limits — Madison 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 62024
To purchase the median home at $130,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,146.
Monthly Payment
$1,146
Income Required
$49,115
Principal & Interest
$801/mo
Down Payment (5%)
$6,500
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 62024.
Estimated Monthly Payment
$955
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