Located along the shores of the Fox River, Montgomery, IL is a small village that has been enjoying increased price appreciation as well as a strong real estate market month to month. September was one of the those months where closed sales increased 30.6% from 2015's number. With 47 closed transactions compared to 36 in 2015, September was a great month.
Year to Date there was a 3.7% increase from 2015's 329 closed transaction to our current 341 closed sales.
The average sales price has increased 9.3% to $193,695 from 2015's $177,269! Median sales price also increased to $200,000 from 2015's $177,835 - a 12.5% increase!
Average market time dropped 38.2% from 2015's 68 days to September's 42! There are currently 71 homes listed for sale - 5 of these are "New", 5 have had "Price Changes. There are currently 60 under contract and 8 "Pending".
With very affordable prices for the first time home buyer, Montgomery continues to show increased sales for those that seek small town living yet are near major transportation and roads.