60404 — Will County, Illinois Market Snapshot
Housing market data for zip code 60404 in Will County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
54 sales in 2026 (year to date)
Median Sale Price
$396,250
Days to Sell
52
Homes Sold
54
Inventory
85
Sale-to-List
98.9%
New Listings
107
Price/SqFt
$189
Pending Sales
78
Conforming Loan Available
Most homebuyers in 60404 can comfortably use conventional financing. The median home price of $396,250 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
60404's market is balanced with homes taking an average of 52 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 60404 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 60404 can comfortably use conventional financing. The median home price of $396,250 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 60404 are set at the county level.
2026 Loan Limits — Will 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 60404
To purchase the median home at $396,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,186.
Monthly Payment
$3,186
Income Required
$136,541
Principal & Interest
$2,442/mo
Down Payment (5%)
$19,813
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 60404.
Estimated Monthly Payment
$2,602
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