Is Montgomery Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Montgomery Township has remained a Seller's Market.

Key Takeaway

Montgomery Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$6,000(-2.1%)

Key Takeaway

Homes in Montgomery Township have sold for 2.1% less than they did a month ago.

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

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $240K$252K
+5.0%
3 $282K$270K
-4.3%
4 $400K$369K
-7.8%
5+ $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 2024Apr 2024CHANGE
7166-7.0%

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

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1415
+7.1%
3 3630
-16.7%
4 1715
-11.8%
5+ 45
+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 2024Apr 2024CHANGE
3424-29.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

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 2024Apr 2024CHANGE
15 Days6 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montgomery Township are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Montgomery Township, IL

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