Is Monticello, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monticello is a seller's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Monticello was a Buyer's Market.

Key Takeaway

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

How much do homes in Monticello, IL cost?

Median Sold Price

$189,900

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$31,400(+19.8%)

Key Takeaway

Homes in Monticello have sold for 19.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $822.5K-
N/A
2 $114K$117.5K
+3.1%
3 $165K$189.9K
+15.1%
4 $270K$310K
+14.8%
5+ $380K$425K
+11.8%

Median Sold Price Compared To Nearby Cities

White Heath
+26.6%
Monticello
+19.8%
Monticello Township
+16.7%
Sangamon Township
+1.9%

How many homes are available in Monticello, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
1916-15.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 01
+100.0%
2 98
-11.1%
3 63
-50.0%
4 44
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monticello, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
20 Days18 Days-5.8%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Monticello, IL

Homes for sale in Monticello, IL have reached 16. The number of listings in Monticello, IL decreased by 15.8% between October 2022 and November 2022. The median list price of listings available in November 2022 was $189,900, while the average time on the real estate market was 18 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went up by 3.1%, the cost of 3 bedrooms properties went up by 15.1%, prices of 4 bedrooms properties increased by 14.8%, 5 bedrooms properties prices increased by 11.8%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 100%, number of 2 bedrooms homes decreased by 11.1%, 3 bedrooms homes inventory decreased by 50%, 4 bedrooms homes inventory did not change, the quantity of 5 bedrooms homes have not changed. In November 2022 more than 1 listings in Monticello, IL were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below.