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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Montgomery County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Montgomery County, IL

How much do homes in Montgomery County, IL cost?

Median Sold Price

$105,250

$77/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$350(+0.3%)

Key Takeaway

The sold price of homes in Montgomery County has remained the same since last year.

Summary: The median home sold price in Montgomery County was $105,250 in October 2024, up 0.3% from last year, and the median price per square foot was $77.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $37K$72.7K
+96.6%
2 $76K$67.7K
-10.9%
3 $130K$130.9K
+0.7%
4 $180K$135K
-25.0%
5+ $177K$285K
+61.0%

Summary: Montgomery County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96.6%, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 61%.

Median Sold Price Compared To Nearby Counties

Christian County
+16.4%
Macoupin County
+15.9%
Bond County
+7.6%
Montgomery County
0.3%

Housing Supply in Montgomery County, IL

How many homes are available in Montgomery County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7882+5.1%

Summary: The Montgomery County real estate market had 82 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 2721
-22.2%
3 3339
+18.2%
4 1518
+20.0%
5+ 01
+100.0%

Summary: The Montgomery County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2421-12.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery County, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Montgomery County in October 2024, down by 12.5% month-over-month. Of the 21 sold homes, 86% were sold under asking, 10% were sold at asking, and 5% 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

Oct 2023Oct 2024CHANGE
62 Days81 Days+30.1%

Summary: Homes in Montgomery County had an average of 81 days on market in Oct 2024, up by 30.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Montgomery County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 21 homes were sold in Montgomery County; 33% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 38% 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 4 Days Ago

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System, and RMLS Alliance for the period 11/01/2022 - 11/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 11:53:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2024 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/4/2024, 11:50:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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