Is Montgomery County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, IL
How much do homes in Montgomery County, IL cost?
Median Sold Price
$97,500
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montgomery County was $97,500 in May 2024, up 6.6% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $33.7K | $45.4K | +34.7% |
2 Bedrooms | $60K | $65K | +8.3% |
3 Bedrooms | $115K | $124.5K | +8.3% |
4 Bedrooms | $160K | $155K | -3.1% |
5+ Bedrooms | $250K | $272.4K | +9.0% |
Summary: Montgomery County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Counties
Christian County | $110K | $120K | +9.1% |
Fayette County | $111.5K | $120K | +7.6% |
Montgomery County | $91.5K | $97.5K | +6.6% |
Macoupin County | $122.2K | $127K | +3.9% |
Bond County | $142.5K | $145K | +1.8% |
Housing Supply in Montgomery County, IL
How many homes are available in Montgomery County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 85 | +2.4% |
Summary: The Montgomery County real estate market had 85 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 24 | +26.3% |
3 Bedrooms | 46 | 42 | -8.7% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Montgomery County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 22 | +57.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Montgomery County in May 2024, up by 57.1% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.
Days on Market for Montgomery County, IL
How long does it take to sell a home in Montgomery County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 65 Days | +4.5% |
Summary: Homes in Montgomery County had an average of 65 days on market in May 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Montgomery County; 50% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.