Momence, IL Housing Market & Real Estate Update: Listing prices, recent sale signals, and active inventory
Momence, IL – March 5, 2026 – Fresh look at inventory, pricing signals, and a few active listings locals are watching as spring activity ramps up.
Top takeaways
- Active inventory appears steady but thin: Realtor.com shows 28 active listings, while Redfin’s feed shows 19 homes (different data sources can vary).
- Pricing is split between entry-level homes and a smaller set of higher-end/acreage options; median listing price is about $140K.
- Mortgage rates have eased: Freddie Mac’s 30-year fixed average was 5.98% as of Feb. 26, 2026, which can improve affordability at the margin.
Market snapshot
Local asking prices are still anchored in the lower-to-mid $100Ks. Realtor.com’s market facts list a median listing home price near $140K, with 28 active listings and a median 46 days on market.
On the closed-sales side, Redfin’s trend panel shows a typical sale price around $172K (down 9.18% year over year) and about 58 days on market. With smaller communities, one or two closings can swing the monthly ‘trend’ quickly, so it helps to watch several weeks of activity before drawing conclusions.
Mortgage-rate backdrop
Freddie Mac’s Primary Mortgage Market Survey (PMMS) showed the 30-year fixed-rate mortgage averaging 5.98% and the 15-year averaging 5.44% as of Feb. 26, 2026. For buyers, that often translates to slightly more room in monthly-payment budgets compared with the 6%+ range.
What’s for sale right now (no addresses)
- Lower-priced options under about $80K that may need updates (useful for investors or buyers comfortable with repairs).
- Mid-range single-family listings around the $400K–$450K band, often reflecting larger homes or upgraded interiors.
- Higher-end listings around the $640K range, typically tied to larger footprints and premium features.
One recent data point: Shaw Local reported a single-family home sale in town at $172,000 (reported Feb. 19, 2026; sale noted as having a new owner since Jan. 26).
What are you seeing locally right now: more showings and negotiating leverage, or are the best-kept homes still moving fast?
Sources
https://www.realtor.com/realestateandhomes-search/Momence_IL
https://www.redfin.com/city/12800/IL/Momence
https://www.zillow.com/momence-il/
https://www.freddiemac.com/pmms
https://www.shawlocal.com/real-estate/2026/02/19/sale-closed-in-momence-172000-for-a-single-family-home/