61547 — Peoria County, Illinois Market Snapshot
Housing market data for zip code 61547 in Peoria County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
14 sales in 2026 (year to date)
Median Sale Price
$266,500
Days to Sell
30
Homes Sold
14
Inventory
4
Sale-to-List
98.0%
New Listings
13
Price/SqFt
$126
Pending Sales
13
Conforming Loan Available
Most homebuyers in 61547 can comfortably use conventional financing. The median home price of $266,500 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
61547's market is balanced with homes taking an average of 30 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 61547 sells for 2.0% below asking price (98.0% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 61547 can comfortably use conventional financing. The median home price of $266,500 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 61547 are set at the county level.
2026 Loan Limits — Peoria 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 61547
To purchase the median home at $266,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,192.
Monthly Payment
$2,192
Income Required
$93,936
Principal & Interest
$1,642/mo
Down Payment (5%)
$13,325
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 61547.
Estimated Monthly Payment
$1,799
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