Is Montgomery Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Montgomery Township has remained a Seller's Market.
Housing Prices in Montgomery Township, IL
How much do homes in Montgomery Township, IL cost?
Median Sold Price
$279,000
$184/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Montgomery Township was $279,000 in April 2024, down 2.1% from last month, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $240K | $252K | +5.0% |
3 Bedrooms | $282K | $270K | -4.3% |
4 Bedrooms | $400K | $369K | -7.8% |
5+ Bedrooms | $385K | $499.5K | +29.7% |
Summary: Montgomery Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 29.7%.
Housing Supply in Montgomery Township, IL
How many homes are available in Montgomery Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 66 | -7.0% |
Summary: The Montgomery Township real estate market had 66 homes for sale in April 2024, a 7.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 36 | 30 | -16.7% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Montgomery Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 24 | -29.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Montgomery Township in April 2024, down by 29.4% month-over-month. Of the 24 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Montgomery Township, IL
How long does it take to sell a home in Montgomery Township, IL?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 6 Days | -58.0% |
Summary: Homes in Montgomery Township had an average of 6 days on market in Apr 2024, down by 58% compared to last month.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Montgomery Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.