60538, Montgomery, IL

Montgomery, IL is located in the Central Illinois region and has a population of around 100,000. Home prices in the 60538 zip code have increased significantly over the past few years, reaching a median price of $146,000 as of September 2017. The average home size is 2,500 square feet and there are around 1,600 homes currently for sale in the area.

The majority of homebuyers in Montgomery purchase homes using their own funds. As of September 2017, approximately 73% of all homes sold in the 60538 zip code were purchased by individuals who used their own money to buy them. This percentage has remained relatively consistent over the past few years and indicates that buyers are increasingly confident about their ability to purchase a home without relying on outside sources such as banks or mortgage companies.

One reason that home prices have increased so much in Montgomery is because there is a limited number of available properties for sale. In addition, many homeowners who have been living in their homes for many years are now able to sell them due to rising prices and strong demand from buyers. This has resulted in bidding wars and high prices being paid for some homes on the market.