Is Montgomery, 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 has remained a Seller's Market.
Housing Prices in Montgomery, IL
How much do homes in Montgomery, IL cost?
Median Sold Price
$283,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery was $283,000 in April 2024, down 3.2% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $210K | +16.7% |
2 Bedrooms | $220K | $240K | +9.1% |
3 Bedrooms | $268.5K | $271.2K | +1.0% |
4 Bedrooms | $360K | $377.5K | +4.9% |
5+ Bedrooms | $370K | $392K | +5.9% |
Summary: Montgomery housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Aurora Township | $244.7K | $294.5K | +20.4% |
Sugar Grove Township | $359.7K | $380K | +5.6% |
Oswego Township | $340.1K | $350.2K | +3.0% |
Oswego | $356.6K | $365.6K | +2.5% |
Montgomery | $292.3K | $283K | -3.2% |
Housing Supply in Montgomery, IL
How many homes are available in Montgomery, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 65 | -7.1% |
Summary: The Montgomery real estate market had 65 homes for sale in April 2024, a 7.1% 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 | 35 | 29 | -17.1% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Montgomery 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 17.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 25 | -24.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Montgomery in April 2024, down by 24.2% month-over-month. Of the 25 sold homes, 24% were sold under asking, 16% were sold at asking, and 60% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 6 Days | -58.9% |
Summary: Homes in Montgomery had an average of 6 days on market in Apr 2024, down by 58.9% compared to last year.
Breakdown of Home Sale Times
25 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, 25 homes were sold in Montgomery; 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.