Is Montgomery, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montgomery has remained a Seller's Market.
Housing Prices in Montgomery, IL
How much do homes in Montgomery, IL cost?
Median Sold Price
$283,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montgomery was $283,000 in May 2024, down 2.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $210K | +16.7% |
2 Bedrooms | $220.5K | $240K | +8.8% |
3 Bedrooms | $270K | $274.9K | +1.8% |
4 Bedrooms | $359K | $380K | +5.8% |
5+ Bedrooms | $375K | $400K | +6.7% |
Summary: Montgomery housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Aurora Township | $249.9K | $295K | +18.0% |
Sugar Grove Township | $365K | $385K | +5.5% |
Oswego | $354.9K | $373.7K | +5.3% |
Oswego Township | $339.9K | $354.8K | +4.4% |
Montgomery | $289.9K | $283K | -2.4% |
Housing Supply in Montgomery, IL
How many homes are available in Montgomery, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 64 | -4.5% |
Summary: The Montgomery real estate market had 64 homes for sale in May 2024, a 4.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 31 | 31 | 0.0% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Montgomery housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 23 | -11.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Montgomery in May 2024, down by 11.5% month-over-month. Of the 23 sold homes, 4% were sold under asking, 9% were sold at asking, and 87% were sold over asking.
Days on Market for Montgomery, IL
How long does it take to sell a home in Montgomery, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 17 Days | +82.6% |
Summary: Homes in Montgomery had an average of 17 days on market in May 2024, up by 82.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Montgomery; 87% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.