O'Neil Property Group
Live Montgomery listings updated daily from the MLS — plus what local buyers should know before making a move.
The under-$300K market in Montgomery is where first-time buyers and downsizers get their foothold in the Fox Valley. At this price point, the inventory skews toward townhomes and condos in the association sections of Lakewood Creek, Seasons Ridge, Foxmoor, and Fairfield Way, with the occasional older single-family home on the village’s original street grid near the river. What you’re buying at this number is position: three miles from the Aurora Metra, 15 minutes from I-88, at a monthly payment that beats renting in most of the corridor. Under-$300K listings are the thinnest and fastest slice of the Montgomery market—more than half of recent village sales closed over asking—so buyers here win by moving the same day something hits.
Looking for help narrowing down your search? Call or text Kealan at 630-381-4995 for a personalized list of homes that match your budget and priorities.
Active listings pulled directly from the MLS.
Under $300K, expect two- to three-bedroom townhomes and condos between roughly 1,000 and 1,700 square feet, most built between the late 1990s and the 2010s, plus occasional smaller single-family homes near downtown and in the older east-side neighborhoods. Many associations cover exterior maintenance, snow, and lawn care in the monthly fee—factor that into any payment comparison against a detached home. One- and two-car attached garages are common, and units updated in the past five years routinely draw multiple offers.
Attached inventory concentrates in Montgomery’s big master-planned communities: the townhome and condo sections of Lakewood Creek, the condo pockets of Seasons Ridge along Douglas Road, Foxmoor’s townhomes on the Kane County side, and the attached sections of Fairfield Way and Blackberry Crossing. The original village blocks near Montgomery Park and Gray’s Mill produce the occasional detached home at this price—smaller footprints, but walkable to the riverfront.
FHA financing with 3.5% down is widely used at this price point, and Illinois Housing Development Authority programs can layer in down payment assistance for eligible first-time buyers. For condos and townhomes, have your lender confirm the association is warrantable early—it affects which loan programs apply. Also budget for the HOA fee and check whether the unit sits in a Special Service Area (SSA), which adds to the tax bill—most newer Montgomery subdivisions have one.
Demand under $300K stays intense because this is the entry ticket to the Fox Valley: renters converting to owners, downsizers staying local, and investors all compete for the same units. Correctly priced listings go pending in days, not weeks. Come pre-approved, tour quickly, and be ready to write—that’s how buyers win at this end of the market.
Whether you are just starting your search or ready to schedule a showing, Kealan O’Neil is here to help you every step of the way.