In April 2017, there were nine homes sold, with a median sale price of $235,000 - a 23% increase over the $191,047.50 median sale price for the same period of the previous year. There were 10 homes sold in Montgomery in April 2016.
The median sales tax in Montgomery for 2017 was $4,491.86. In 2016, the median sales tax was $4,399.80. This marks an increase of 2.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.
The following table compares Montgomery to other Kane County cities with similar median sales prices in April 2017:
| City | Apr. 2017 Home Sales | Apr. 2016 Home Sales | % change (Total Home Sales) | Apr. 2017 Median Sales Price | Apr. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Sleepy Hollow | 4 | 5 | -20% | $268,000 | $299,155 | -10.4% |
| Prestbury | 1 | 4 | -75% | $260,000 | $196,500 | 32.3% |
| Elburn | 12 | 11 | 9.1% | $252,950 | $230,000 | 10% |
| North Aurora | 21 | 18 | 16.7% | $250,000 | $256,250 | -2.4% |
| West Dundee | 10 | 9 | 11.1% | $247,000 | $188,100 | 31.3% |
| Montgomery | 9 | 10 | -10% | $235,000 | $191,047.50 | 23% |
| Huntley | 20 | 13 | 53.8% | $234,500 | $175,000 | 34% |
| South Elgin | 17 | 12 | 41.7% | $230,625 | $201,000 | 14.7% |
| Hampshire | 12 | 13 | -7.7% | $225,750 | $190,000 | 18.8% |
| Gilberts | 19 | 6 | 216.7% | $202,000 | $189,950 | 6.3% |
| Lily Lake | 1 | 0 | - | $199,900 | $0 | - |
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