Montgomery, IL Real Estate Market Summary – September 7, 2026
In Montgomery, IL, the residential market has seen 25 homes change hands over the last month, averaging a pace of 1 every 1.20 days. The average time homes spent on the market before selling was approximately 14 days, indicating a relatively quick pace in transactions.
| Metric | 30 Days |
|---|---|
| Number Sold | 25 |
| Sold Per Day | 1 every 1.20 days |
| Average SQFT | 1695 |
| Median Sales Price | $333,000 |
| Average Sales Price | $325,948 |
| Average Price Per SQFT | $191 |
| Average Days on Market | 14 |
| Average Year Built | 1983 |
Montgomery, IL Single Family Home Analysis
For single-family homes in Montgomery, a total of 21 properties were sold, with an average living area of 1,716 square feet. These homes had an average sale price of $332,366, and they spent an average of about 12 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 21 |
| Sold Per Day | 1 every 1.43 days |
| Average SQFT | 1716 |
| Median Sales Price | $341,900 |
| Average Sales Price | $332,366 |
| Average Price Per SQFT | $200 |
| Average Days on Market | 12 |
| Average Year Built | 1980 |
Montgomery, IL Condo & Townhome Analysis
The condo and townhome segment recorded 4 transactions, with an average living area of 1,584 square feet. The average sale price in this category was $292,250, reflecting different market dynamics compared to single-family homes, as they spent an average of 23 days on the market.
| Metric | 30 Days |
|---|---|
| Number Sold | 4 |
| Sold Per Day | 1 every 7.50 days |
| Average SQFT | 1584 |
| Median Sales Price | $291,250 |
| Average Sales Price | $292,250 |
| Average Price Per SQFT | $144 |
| Average Days on Market | 23 |
| Average Year Built | 2004 |
Buyer & Seller Analysis
- 1 home sold approximately every 1.20 days.
- Average market time for homes is about 14 days.
- Average sale price across all homes is $325,948.
- Condo and townhome pricing differs significantly from single-family homes.
Conclusion
The market in Montgomery shows a steady activity level with a variety of properties available. Buyers and sellers both can find opportunities, though pricing and market dynamics differ between home types.