Is Montrose, IL 62445 a buyer’s or seller’s market?
Montrose is a seller’s market. With about 3.2 months of supply and 0% 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.
The Montrose housing market right now
In the three months ending August 31, 2026, 0% of homes in Montrose, IL 62445 sold above their list price, the typical home went under contract in 89 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
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Nearby markets
Hidalgo 62432 $110 /sq ftNewton 62448Balanced $102 /sq ftSainte Marie 62459 — /sq ft Browse all markets →Where Montrose is
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Questions about Montrose real estate
Is Montrose a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Montrose, IL 62445 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 Montrose?
The typical home went under contract in 89 days in the latest three months.
Do homes in Montrose sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.0% of the list price.
What are property taxes in Montrose?
About 1.95% of a home’s value a year in Jasper County, or roughly $7,800 on a $400,000 home.
What is the median home price in Montrose?
The median sale price was $265,385 in the three months ending August 31, 2026, about $161 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