$10,000
0.34 Acres
Land
Listing Office: Montgomery County Realty, Inc.
Is Montgomery County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $37K | $72.7K | +96.6% |
| 2 Bedrooms | $76K | $67.7K | -10.9% |
| 3 Bedrooms | $130K | $130.9K | +0.7% |
| 4 Bedrooms | $180K | $135K | -25.0% |
| 5+ Bedrooms | $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 | $106.5K | $124K | +16.4% |
| Macoupin County | $120K | $139.1K | +15.9% |
| Bond County | $147.7K | $159K | +7.6% |
| Montgomery County | $104.9K | $105.2K | 0.3% |
Housing Supply in Montgomery County, IL
How many homes are available in Montgomery County, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 82 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 27 | 21 | -22.2% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 0 | 1 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 21 | -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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 62 Days | 81 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
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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.