62615 — Sangamon County, Illinois Market Snapshot
Housing market data for zip code 62615 in Sangamon County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$177,450
Days to Sell
11
Homes Sold
16
Inventory
4
Sale-to-List
97.1%
New Listings
18
Price/SqFt
$108
Pending Sales
14
Conforming Loan Available
Most homebuyers in 62615 can comfortably use conventional financing. The median home price of $177,450 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
62615 is an extremely competitive market with homes selling in just 11 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
The average home in 62615 sells for 2.9% below asking price (97.1% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 62615 can comfortably use conventional financing. The median home price of $177,450 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 62615 are set at the county level.
2026 Loan Limits — Sangamon 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 62615
To purchase the median home at $177,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,510.
Monthly Payment
$1,510
Income Required
$64,696
Principal & Interest
$1,093/mo
Down Payment (5%)
$8,873
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 62615.
Estimated Monthly Payment
$1,248
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