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Featured local agent — Montgomery, IL
Sarah Mitchell
Compass Real Estate · Montgomery, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Montgomery, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$437,500median sale price
How is the Montgomery, IL housing market right now?
The median home sale price in Montgomery, IL is $437,500, up 48.3% year-over-year. Homes sell in an average of 48 days with 52 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 Montgomery a buyer's or seller's market?
Montgomery, IL is currently a seller's market, based on 2.4 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
48
Average pace
Active listings
52
2.4 months supply
Sale-to-list
100.7%
Above asking
What does the Montgomery housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $437,500 |
| Median list price | $370,000 |
| Year-over-year price change | +48.3% |
| Average days on market | 48 days |
| Active inventory | 52 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $199/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 27 |
| Listings with a price cut | 15.4% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Montgomery by property type?
How the Montgomery, 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 | $444,000 | $201/sq ft | 18 | 48 days |
| Condo / Co-op | $300,000 | $171/sq ft | 1 | 187 days |
| Townhouse | $289,000 | $197/sq ft | 4 | 44 days |
Source: Redfin · Updated monthly
The Montgomery housing market is currently classified as a seller's market with a median sale price of $437,500. Prices have risen 48.3% compared to last year, with homes spending an average of 48 days on market, indicating 2.4 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 3.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Montgomery
There are currently 52 homes listed for sale in Montgomery, Illinois. The median listing price is $370K.
Active listings
52
Homes on market
Median list price
$370K
Avg. days on market
48
Days until sale
New this week
27
Newly listed
Who lives in Montgomery?
Population
21,205
Median income
$96,985/yr
Median age
35.1 years
Owner-occupied
78.2%
College grads
29.0%
Avg commute
33.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Montgomery?
Zillow home value
$333,055
Zillow rent index
$2,235/mo
Price-to-rent ratio
12.4x
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Montgomery?
Montgomery is a community of approximately 21K residents with a median age of 35.1 years.The median household income is $96,985, which reflects a relatively affluent area with strong earning potential. 29.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 33.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Montgomery offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Montgomery?
5 schools tracked · 2,688 students
The largest public schools serving Montgomery, 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.
Lakewood Creek Elementary
Grades PK-5 · 762 students
Long Beach Elem School
Grades PK-5 · 654 students
Boulder Hill Elem School
Grades K-5 · 518 students
Kaneland McDole Elem School
Grades PK-5 · 424 students
Nicholson Elem School
Grades K-5 · 330 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 Montgomery, IL?
Want a head-to-head view? Compare Montgomery side-by-side with any other U.S. city using our market-comparison tool.
Is Montgomery a good real estate investment market?
For investors evaluating Montgomery, the price-to-rent ratio of 12.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 48.3% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Montgomery's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Montgomery's median home price.
Frequently asked questions
What is the average home price in Montgomery?
The median home sale price in Montgomery is $437,500, up 48.3% from last year.
How long do homes stay on market in Montgomery?
Homes typically spend 48 days on market before going under contract.
What is the median income in Montgomery?
The median household income is $96,985 per year.
Is Montgomery a buyer's or seller's market?
With 2.4 months of supply, Montgomery is currently a seller's market.
What is the Zillow home value estimate for Montgomery?
The Zillow Home Value Index (ZHVI) for Montgomery is $333,055, representing the typical home value in the area.
What is the median condo price in Montgomery?
The median condo/co-op sale price in Montgomery, IL is $300,000, compared to $444,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Montgomery?
The median single-family home price in Montgomery, IL is $444,000 (about $201 per square foot).
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