Marengo, IL
Housing market overview · Updated weekly
$350,000median sale price
Homes sold
5
Last 12 weeks
Days on market
49
Average pace
Active listings
22
4.4 months supply
Sale-to-list
96.6%
Below asking
The Marengo housing market is currently classified as a balanced market with a median sale price of $350,000. Prices have risen 82.3% compared to last year, with homes spending an average of 49 days on market, indicating 4.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Marengo
There are currently 22 homes listed for sale in Marengo, Illinois. The median listing price is $388K.
Active listings
22
Homes on market
Median list price
$388K
Avg. days on market
49
Days until sale
New this week
6
Newly listed
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Frequently asked questions
What is the average home price in Marengo?
The median home sale price in Marengo is $350,000, up 82.3% from last year.
How long do homes stay on market in Marengo?
Homes typically spend 49 days on market before going under contract.
Is Marengo a buyer's or seller's market?
With 4.4 months of supply, Marengo is currently a balanced market.
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