Is Montgomery, IL 60538 a buyer’s or seller’s market?
Montgomery is a seller’s market. With about 2.4 months of supply and 59% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 84% of U.S. ZIP codes, and #95 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Montgomery housing market right now
In the three months ending August 31, 2026, 59% of homes in Montgomery, IL 60538 sold above their list price, the typical home went under contract in 42 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 104 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 43%, homes sold about as fast and the median sale price rose 3% to $334,355. Overall, Montgomery is more competitive than a year ago, so tougher for buyers.
Within Kendall County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Montgomery ranks #95 of 464 IL ZIP codes with enough sales (score 79 out of 100).
Nearby, buyers who want less competition could look at Bristol 60512 (25% sold over asking) or Newark 60541 (29% sold over asking).
Run the numbers for 60538
Nearby markets
Bristol 60512Balanced $239 /sq ftMinooka 60447Seller’s market $179 /sq ftNewark 60541Seller’s market $242 /sq ftOswego 60543Seller’s market $206 /sq ft Browse all markets →Towns like Montgomery nearby
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Questions about Montgomery real estate
Is Montgomery a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Montgomery, IL 60538 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Montgomery?
The typical home went under contract in 42 days in the latest three months.
Do homes in Montgomery sell over asking?
59% of homes sold above their original list price, and the typical sale closed at 101.1% of the list price.
What are property taxes in Montgomery?
About 2.37% of a home’s value a year in Kendall County, or roughly $9,480 on a $400,000 home.
What is the median home price in Montgomery?
The median sale price was $334,355 in the three months ending August 31, 2026, about $207 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology