Montgomery, IL Home Values & Market Trends
Real estate market trends reflect that there have been 340 transactions over the past year in Montgomery. The median value for residential home transactions that occurred over the previous year is $331,008. The number of current listings in Montgomery is 344, and the percentage of properties for sale in the city is 344.00%. Montgomery, IL currently has 75 properties in foreclosure, 0 bank owned properties, 9 properties headed for auction, and 344 properties for sale.
Montgomery, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60538 | $ 331,008 $ 189/sqft |
Housing Market Summary for Montgomery, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $335K | $315K | -5.97% |
| Median Sold Price | $317.1K | $309.5K | -2.38% |
| Homes For Sale | 203 | 339 | 67.00% |
| Homes Sold | 164 | 129 | -21.34% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Montgomery, IL
Browse Homes in Montgomery, IL
Montgomery home values range from $165,364 to $574,900. The median estimated value of a home in Montgomery is $331,008. The median list price of a home is 310,000, and the total count of properties in the city is 623.
- Pre-ForeclosurePre-foreclosure homes account for 10.59% of all residential properties in Montgomery, IL with 60538 containing 66 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Montgomery, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $545,102 in 60538 to the lowest home value of $202,742 in 60538.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Montgomery, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Montgomery, IL. There is 1 zips within Montgomery, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60538 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Montgomery, IL. Auction homes and other auction properties account for 1.44% of all properties in Montgomery, IL. There is 1 zips within Montgomery, IL; of that zips, the median estimated home value for homes going to auction ranges from $494,758 in 60538 to the lowest value of $180,000 in 60538.
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Guide for Montgomery, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
