Photo: Nyttend · Public domain33 homes sold in Monmouth Township in the last year, at a typical $120K
Redfin reports Monmouth Township’s sales by ZIP code, so these figures are for ZIP 61462, which takes in Monmouth Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Monmouth Township homes are listed.
Every place Monmouth Township 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 Monmouth Township.
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 0% of Monmouth Township’s sales, at a typical — (year to May 2026)
33 homes sold in the year to September 2026.
Fewer homes sell than before 2021, at 1.8 times the 2016 price
33 sales in the last year, against 53 in 2020 and a low of 29 in 2022. The typical sale went from $65K in 2016 to $120K.
Source: Redfin Data Center, MLS sales; for ZIP 61462, which takes in Monmouth Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
Bidding wars in Monmouth Township are back to pre-pandemic levels, but a third fewer homes come up for sale
We read every month of home sales in ZIP 61462 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 September 2026, 33 sales.
If you’re buying in Monmouth Township
- Shop in August. It brings about 4 new listings a month, close to the busiest month, with fewer bidding wars (12% over asking).
- Offer under asking. Buyers paid 93.7% of the list price on average; 14% paid over.
- You’ll usually have time. Only 17% of homes go under contract within two weeks; the typical one takes 77 days.
Fall brings the homes; spring brings the bidding wars
September has the most new listings (about 4 a month), but May is the most competitive: 17% of May sales close over asking. July and August offer nearly as much choice with fewer homes bid up (12%). February has the least competition (11%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Illinois
| Monmouth Township now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 14% | 21% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 17% | 9% | 2% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 93.7% | 92.7% | 94.5% | 99% |
| Days to sellMedian days from listing to contract | 77 | 201 | 107 | 51 |
12 homes for sale on a typical day
That’s 1.3 times the 2022 low (10), 36% fewer than in 2017–19 and well under 2015’s 23.
Source: Redfin Data Center, ZIP code tracker; for ZIP 61462, which takes in Monmouth Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Monmouth Township home costs about $813 a month
Price: Monmouth Township’s typical sale, last 12 months. Property tax at Monmouth Township’s 1.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Monmouth Township is affordable on local pay is on Cost of living.
Five things worth knowing
New listings in September
The month with the most choice. December has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $120K home, about $2,250 a year.
Taxes vs. neighborsTypical commute
The average one-way trip to work for people who live in Monmouth Township.
Work & commuteCheck 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.
Monmouth and Abingdon sell for less a square foot; Knoxville for far more
The busier markets within 25 miles of Monmouth Township, 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 | |
|---|---|---|---|---|---|
| Galesburg | 331 | $112K | $88 | 22% | 47 |
| Aledo | 45 | $147K | $91 | 31% | 52 |
| Knoxville | 37 | $175K | $98 | 12% | 59 |
| Monmouth Township (ZIP 61462) | 33 | $120K | $76 | 14% | 77 |
| Monmouth | 27 | $107K | $71 | 16% | 80 |
| Abingdon | 25 | $85K | $62 | 20% | 59 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Monmouth Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Monmouth Township. People who follow the town see it, and so do people comparing Monmouth Township with their own town. No commission, no listing fee.
Questions about buying a home in Monmouth Township
What do homes sell for in Monmouth Township, IL?
33 homes sold in the year to September 2026 at a typical $120K, $76 a square foot.
Is Monmouth Township a buyer’s or seller’s market?
A balanced market: 12 homes were for sale in September 2026 and 2 sold, about 5.2 months of supply. Buyers paid 93.7% of asking on average.
When is the best time to buy in Monmouth Township?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monmouth Township?
About 1.9% of a home’s value a year. On a $120K home that’s near $2,250.
Where can I see homes for sale in Monmouth Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Monmouth Township’s MLS listings; the search links above open each one filtered to Monmouth Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 61462, which takes in Monmouth Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). 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).