As one of the few Fox River towns with homes in the lower $200K range, Montgomery is a great place to buy your first home. Home prices are holding steady despite a decrease in home sales.
Home sales in Montgomery, IL dropped 23.9% compared to 2018! With only 35 closed sales in August, 2019 vs. 46 in August, 2018 the slow down has definitely hit.
The days on market increased a whopping 57.6% to 52 days from 2018's 33 days while the median home price increased from 2018's $205K to 2019's $215K a 4.9% increase which is great for sellers.
Current inventory levels are at:
New - 6
Reactiveated - 1
Price Change - 6
Year to Date home sales saw a 7.9% drop from 2018's 314 homes to the current 290 sold homes. Average sales price has held steady - currently at $220,938 which is an increase of 3.4% from 2018's $213,590! Median sales price is at $224,950 an increase of 6.3% from 2018's $211,600. Great news for sellers in Montgomery, IL!
If you are looking to find a home this fall, keep Montgomery, IL on your list and give us a call!