61938 — Coles County, Illinois Market Snapshot
Housing market data for zip code 61938 in Coles County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
61 sales in 2026 (year to date)
Median Sale Price
$134,670
Days to Sell
34
Homes Sold
61
Inventory
29
Sale-to-List
97.4%
New Listings
66
Price/SqFt
$98
Pending Sales
71
Conforming Loan Available
Most homebuyers in 61938 can comfortably use conventional financing. The median home price of $134,670 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
61938's market is balanced with homes taking an average of 34 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 61938 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 61938 can comfortably use conventional financing. The median home price of $134,670 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 61938 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 61938
To purchase the median home at $134,670 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,182.
Monthly Payment
$1,182
Income Required
$50,648
Principal & Interest
$830/mo
Down Payment (5%)
$6,734
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 61938.
Estimated Monthly Payment
$983
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