Is Montgomery, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$280,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montgomery was $280,000 in March 2024, down 5% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $210K | +16.7% |
2 Bedrooms | $221.5K | $235.5K | +6.3% |
3 Bedrooms | $270K | $271.5K | +0.6% |
4 Bedrooms | $359.4K | $378.7K | +5.4% |
5+ Bedrooms | $363K | $387K | +6.6% |
Summary: Montgomery housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
Aurora Township | $240K | $290K | +20.8% |
Sugar Grove Township | $359.7K | $380K | +5.6% |
Oswego Township | $336.3K | $355K | +5.5% |
Oswego | $352.2K | $367.1K | +4.2% |
Montgomery | $294.8K | $280K | -5.0% |
Housing Supply in Montgomery, IL
How many homes are available in Montgomery, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 71 | +7.6% |
Summary: The Montgomery real estate market had 71 homes for sale in March 2024, a 7.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Montgomery housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 31 | +72.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Montgomery in March 2024, up by 72.2% month-over-month. Of the 31 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
26 Days | 16 Days | -38.6% |
Summary: Homes in Montgomery had an average of 16 days on market in Mar 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Montgomery; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.