Is Montgomery County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, IL
How much do homes in Montgomery County, IL cost?
Median Sold Price
$105,500
$75/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery County was $105,500 in April 2024, up 15.3% from last year, and the median price per square foot was $75.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $33.7K | $39.9K | +18.2% |
2 Bedrooms | $60K | $69.4K | +15.8% |
3 Bedrooms | $112.5K | $125K | +11.1% |
4 Bedrooms | $160K | $155K | -3.1% |
5+ Bedrooms | $250K | $272.4K | +9.0% |
Summary: Montgomery County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Counties
Christian County | $102.2K | $120K | +17.4% |
Montgomery County | $91.5K | $105.5K | +15.3% |
Bond County | $138K | $147.2K | +6.7% |
Macoupin County | $119.9K | $125.4K | +4.5% |
Fayette County | $123K | $115K | -6.5% |
Housing Supply in Montgomery County, IL
How many homes are available in Montgomery County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 83 | +29.7% |
Summary: The Montgomery County real estate market had 83 homes for sale in April 2024, a 29.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 30 | 46 | +53.3% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Montgomery County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 53.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Montgomery County in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Montgomery County, IL
How long does it take to sell a home in Montgomery County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 55 Days | -13.6% |
Summary: Homes in Montgomery County had an average of 55 days on market in Apr 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Montgomery County; 36% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.