Brokers — List your Company Here
Featured local agent — Marengo, IL
Sarah Mitchell
Compass Real Estate · Marengo, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Marengo, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$338,500median sale price
How is the Marengo, IL housing market right now?
The median home sale price in Marengo, IL is $338,500, up 2.3% year-over-year. Homes sell in an average of 42 days with 27 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Marengo a buyer's or seller's market?
Marengo, IL is currently a seller's market, based on 2.7 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
42
Average pace
Active listings
27
2.7 months supply
Sale-to-list
99.8%
Below asking
What does the Marengo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $338,500 |
| Median list price | $375,000 |
| Year-over-year price change | +2.3% |
| Average days on market | 42 days |
| Active inventory | 27 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $140/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 12 |
| Listings with a price cut | 7.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Marengo by property type?
How the Marengo, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $342,000 | $166/sq ft | 9 | 41 days |
| Condo / Co-op | $255,500 | $170/sq ft | 1 | 56 days |
| Townhouse | $205,000 | $131/sq ft | 1 | 42 days |
Source: Redfin · Updated monthly
The Marengo housing market is currently classified as a seller's market with a median sale price of $338,500. Prices have risen 2.3% compared to last year, with homes spending an average of 42 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.0x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Marengo
There are currently 27 homes listed for sale in Marengo, Illinois. The median listing price is $375K.
Active listings
27
Homes on market
Median list price
$375K
Avg. days on market
42
Days until sale
New this week
12
Newly listed
Who lives in Marengo?
Population
7,123
Median income
$72,586/yr
Median age
33.3 years
Owner-occupied
68.8%
College grads
16.5%
Avg commute
28.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Marengo?
Zillow home value
$361,925
Price-to-income
5.0x
Source: Zillow Research
What is it like to live in Marengo?
Marengo is a community of approximately 7K residents with a median age of 33.3 years.The median household income is $72,586, which represents a working-class community with solid middle-income opportunities. 16.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 68.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Marengo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Marengo?
5 schools tracked · 2,031 students
The largest public schools serving Marengo, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Marengo High School
Grades 9-12 · 689 students
Locust Elem School
Grades PK-3 · 538 students
Marengo Comm Middle School
Grades 6-8 · 318 students
Riley Comm Cons School
Grades K-8 · 261 students
Ulysses S Grant Intermediate Sch
Grades 4-5 · 225 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Marengo, IL?
Want a head-to-head view? Compare Marengo side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Marengo?
The median home sale price in Marengo is $338,500, up 2.3% from last year.
How long do homes stay on market in Marengo?
Homes typically spend 42 days on market before going under contract.
What is the median income in Marengo?
The median household income is $72,586 per year.
Is Marengo a buyer's or seller's market?
With 2.7 months of supply, Marengo is currently a seller's market.
What is the Zillow home value estimate for Marengo?
The Zillow Home Value Index (ZHVI) for Marengo is $361,925, representing the typical home value in the area.
What is the median condo price in Marengo?
The median condo/co-op sale price in Marengo, IL is $255,500, compared to $342,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Marengo?
The median single-family home price in Marengo, IL is $342,000 (about $166 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Marengo, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Marengo market alerts
Weekly updates on prices, inventory, and trends. Free forever.