Montgomery, IL Home Values & Market Trends
Real estate market trends reflect that there have been 388 transactions over the past year in Montgomery. The median value for residential home transactions that occurred over the previous year is $286,253.4. The number of current listings in Montgomery is 16, and the percentage of properties for sale in the city is 16.00%. Montgomery, IL currently has 76 properties in foreclosure, 5 bank owned properties, 7 properties headed for auction, and 16 properties for sale.
Montgomery, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60538 | $ 276,422 $ 187/sqft |
Housing Market Summary for Montgomery, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $260K | $276.4K | 6.30% |
| Median Sold Price | $262.3K | $276.4K | 5.37% |
| Homes For Sale | 11 | 14 | 27.27% |
| Homes Sold | 218 | 208 | -4.59% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Montgomery, IL
Browse Homes in Montgomery, IL
Montgomery home values range from $30,369 to $977,027. The median estimated value of a home in Montgomery is $286,253.4. The median list price of a home is 255,000, and the total count of properties in the city is 9,113.
- Pre-ForeclosurePre-foreclosure homes account for 0.70% of all residential properties in Montgomery, IL with 60538 containing 64 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Montgomery, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $495,674 in 60538 to the lowest home value of $156,360 in 60538.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Montgomery, IL ranges from the highest value of $402,750 in 60538 to the lowest value of $60,712 in 60538. Bank owned homes and properties account for 0.05% of properties in Montgomery, IL. There is 1 zips within Montgomery, IL; 60538 containing 5 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60538 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Montgomery, IL. Auction homes and other auction properties account for 0.08% of all properties in Montgomery, IL. There is 1 zips within Montgomery, IL; of that zips, the median estimated home value for homes going to auction ranges from $395,763 in 60538 to the lowest value of $187,969 in 60538.
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