Photo: Andy McMurray · CC BY 2.5118 homes sold in Marengo in the last year, at a typical $316K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Marengo homes are listed.
Every place Marengo homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Marengo.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 89% of Marengo’s sales, at a typical $322K
118 homes sold in the year to May 2026.
typical sale · 105 sold in 12 months
- Per square foot
- $171IL $180
- Days to sell
- 64
- Sold over asking
- 33%
- Listings with a price cut
- 18%
Townhouses: 11 sold, typical $236K
Condos: 2 sold, typical $280K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.3 times the 2016 price
118 sales in the last year, against 155 in 2020 and a low of 79 in 2012. The typical sale went from $139K in 2016 to $316K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Marengo
Check a listing against what Marengo homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Marengo are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of Marengo’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 118 sales.
If you’re buying in Marengo
- Shop in July. It brings about 16 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- Less room to haggle. Only 17% of listings cut their price, against 24% before the pandemic.
- Bid near asking. Buyers paid 99.6% of the list price on average; 32% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 17 a month), and the most competition: 29% close over asking. February has the least competition (15%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Marengo now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 32% | 13% | 38% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 53% | 34% | 59% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 17% | 24% | 29% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.6% | 96.7% | 99.6% | 99.2% |
| Days to sellMedian days from listing to contract | 61 | 68 | 13 | 49 |
26 homes for sale on a typical day
That’s 1.5 times the 2021 low (17), 34% fewer than in 2017–19 and well under 2013’s 47.
1 in 6 listings has cut its price
17% in the last year, against 24% in 2017–19 and 19% across Illinois.
Marengo ranks 230th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Marengo is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Marengo home costs about $2,248 a month
Price: Marengo’s typical sale, last 12 months. Property tax at Marengo’s 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Marengo is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 7.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $316K home, about $7,190 a year.
Taxes vs. neighborsSchools
The schools grade for Marengo, from test results, graduation and how much students grow.
Schools in MarengoCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Harvard sells for less a square foot; Huntley for far more
The busier markets within 25 miles of Marengo, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Huntley | 634 | $410K | $218 | 31% | 55 |
| Woodstock | 340 | $321K | $185 | 31% | 58 |
| Hampshire | 198 | $373K | $195 | 26% | 70 |
| Marengo | 118 | $316K | $169 | 32% | 61 |
| Harvard | 79 | $249K | $156 | 41% | 69 |
| Genoa | 76 | $304K | $191 | 29% | 56 |
| Lakewood | 62 | $579K | $180 | 23% | 86 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Marengo, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Marengo. People who follow the town see it, and so do people comparing Marengo with their own town. No commission, no listing fee.
Questions about buying a home in Marengo
What do homes sell for in Marengo, IL?
118 homes sold in the year to May 2026 at a typical $316K, $169 a square foot.
Is Marengo a buyer’s or seller’s market?
A seller’s market: 27 homes were for sale in May 2026 and 10 sold, about 2.7 months of supply. Buyers paid 99.6% of asking on average, and 17% of listings cut their price.
When is the best time to buy in Marengo?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Marengo?
About 2.3% of a home’s value a year. On a $316K home that’s near $7,190.
Where can I see homes for sale in Marengo?
Zillow, Redfin, Realtor.com and Homes.com all carry Marengo’s MLS listings; the search links above open each one filtered to Marengo.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).