City-owned Homes And Land in Montgomery, IL

Current Market Conditions in Montgomery, IL

The real estate market in Montgomery has been experiencing steady growth over the past few years, fueled by its desired location and community amenities. Home prices have seen a healthy appreciation, making this area an attractive option for both first-time homebuyers and investors. With ongoing developments in residential construction, the inventory is expected to diversify in the coming months, catering to a broader range of buyers.

Average days on market have been declining, indicating strong demand for homes in the area. Buyers are frequently competing for well-priced listings, particularly in desirable neighborhoods. This competitive environment is driving prices upward, leading to an optimistic short-term outlook for the Montgomery real estate market.

Rent Prices In Montgomery, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Montgomery, IL, is on a rollercoaster ride. The average rent price in Montgomery, IL, is $1,640.00. Indeed, when looking to rent in Montgomery, IL, you can expect to pay as little as $910.00 or as much as $3,900.00, with the average rent median estimated to be $1,570.00. The good news is that finding an affordable and desirable property to rent in Montgomery, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.