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Featured local agent — Monticello, IL
Sarah Mitchell
Compass Real Estate · Monticello, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Monticello, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$159,900median sale price
How is the Monticello, IL housing market right now?
The median home sale price in Monticello, IL is $159,900, down 53.6% year-over-year. Homes sell in an average of 42 days with 29 active listings. The market is currently a buyer'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 Monticello a buyer's or seller's market?
Monticello, IL is currently a buyer's market, based on 5.8 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
42
Average pace
Active listings
29
5.8 months supply
Sale-to-list
91.7%
Below asking
What does the Monticello housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $159,900 |
| Median list price | $204,900 |
| Year-over-year price change | -53.6% |
| Average days on market | 42 days |
| Active inventory | 29 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 91.7% |
| Median price per sq ft | $157/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 10 |
| Listings with a price cut | 20.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Monticello by property type?
How the Monticello, 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 | $159,900 | $157/sq ft | 5 | 42 days |
| Condo / Co-op | $233,500 | $154/sq ft | 2 | 20 days |
| Townhouse | $287,000 | $164/sq ft | 1 | 670 days |
Source: Redfin · Updated monthly
The Monticello housing market is currently classified as a buyer's market with a median sale price of $159,900. Prices have fallen 53.6% compared to last year, with homes spending an average of 42 days on market, indicating 5.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Monticello
There are currently 29 homes listed for sale in Monticello, Illinois. The median listing price is $205K.
Active listings
29
Homes on market
Median list price
$205K
Avg. days on market
42
Days until sale
New this week
10
Newly listed
Who lives in Monticello?
Population
6,332
Median income
$88,611/yr
Median age
42.9 years
Owner-occupied
84.3%
College grads
38.4%
Avg commute
23 min
Source: U.S. Census Bureau ACS
What are homes worth in Monticello?
Zillow home value
$279,937
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Monticello?
Monticello is a community of approximately 6K residents with a median age of 42.9 years.The median household income is $88,611, which reflects a relatively affluent area with strong earning potential. 38.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 23 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Monticello offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Monticello?
3 schools tracked · 1,418 students
The largest public schools serving Monticello, 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.
Washington School
Grades PK-3 · 558 students
Monticello High School
Grades 9-12 · 479 students
Monticello Middle School
Grades 6-8 · 381 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 Monticello, IL?
Want a head-to-head view? Compare Monticello side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Monticello?
The median home sale price in Monticello is $159,900, down 53.6% from last year.
How long do homes stay on market in Monticello?
Homes typically spend 42 days on market before going under contract.
What is the median income in Monticello?
The median household income is $88,611 per year.
Is Monticello a buyer's or seller's market?
With 5.8 months of supply, Monticello is currently a buyer's market.
What is the Zillow home value estimate for Monticello?
The Zillow Home Value Index (ZHVI) for Monticello is $279,937, representing the typical home value in the area.
What is the median condo price in Monticello?
The median condo/co-op sale price in Monticello, IL is $233,500, compared to $159,900 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Monticello?
The median single-family home price in Monticello, IL is $159,900 (about $157 per square foot).
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