Montgomery IL Has 30.6% Increased in Home Sales in Sept.

By
Real Estate Broker/Owner with Heart Realty Group, Inc.. IL-471.002355

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.

Posted by

Evelyn Santiago

Managing Broker/Owner - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

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Tags:
first time buyers
montgomery il affordable homes
ytd home sales in montgomery il
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Thanks for sharing what's happening your local real estate market.

Oct 11, 2016 04:51 PM #1
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Evelyn Santiago, Managing Broker Heart Realty Group, Inc.

Passionate About Real Estate & Our Clients!
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