Is Montgomery County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, KY
How much do homes in Montgomery County, KY cost?
Median Sold Price
$213,000
$96/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montgomery County was $213,000 in May 2024, up 4% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $104.9K | $155K | +47.8% |
3 Bedrooms | $195.5K | $212.5K | +8.7% |
4 Bedrooms | $237.9K | $265K | +11.4% |
5+ Bedrooms | $399.9K | $465K | +16.3% |
Summary: Montgomery County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 16.3%.
Median Sold Price Compared To Nearby Counties
Menifee County | $139.9K | $160K | +14.4% |
Bourbon County | $210K | $229.5K | +9.3% |
Powell County | $175K | $184K | +5.1% |
Bath County | $146K | $152K | +4.1% |
Montgomery County | $204.9K | $213K | +4.0% |
Housing Supply in Montgomery County, KY
How many homes are available in Montgomery County, KY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 67 | +26.4% |
Summary: The Montgomery County real estate market had 67 homes for sale in May 2024, a 26.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 3 | 10 | +233.3% |
Summary: The Montgomery County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 233.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 12 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Montgomery County in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.
Days on Market for Montgomery County, KY
How long does it take to sell a home in Montgomery County, KY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 19 Days | -60.9% |
Summary: Homes in Montgomery County had an average of 19 days on market in May 2024, down by 60.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Montgomery County; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.