61264 — Mercer County, Illinois Market Snapshot
Housing market data for zip code 61264 in Mercer County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
25 sales in 2026 (year to date)
Median Sale Price
$159,900
Days to Sell
53
Homes Sold
25
Inventory
18
Sale-to-List
98.6%
New Listings
35
Price/SqFt
$144
Pending Sales
32
Conforming Loan Available
Most homebuyers in 61264 can comfortably use conventional financing. The median home price of $159,900 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
61264's market is balanced with homes taking an average of 53 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 61264 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 61264 can comfortably use conventional financing. The median home price of $159,900 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 61264 are set at the county level.
2026 Loan Limits — Mercer 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 61264
To purchase the median home at $159,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,375.
Monthly Payment
$1,375
Income Required
$58,933
Principal & Interest
$985/mo
Down Payment (5%)
$7,995
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 61264.
Estimated Monthly Payment
$1,140
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