Is Montgomery, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Montgomery was a Neutral Market.
Housing Prices in Montgomery, NY
How much do homes in Montgomery, NY cost?
Median Sold Price
$443,750
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery was $443,750 in April 2024, up 9% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $280K | $298K | +6.4% |
3 Bedrooms | $385K | $415K | +7.8% |
4 Bedrooms | $545K | $599.4K | +10.0% |
5+ Bedrooms | $675K | $590K | -12.6% |
Summary: Montgomery housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 12.6%.
Housing Supply in Montgomery, NY
How many homes are available in Montgomery, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 44 | +41.9% |
Summary: The Montgomery real estate market had 44 homes for sale in April 2024, a 41.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 15 | 20 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Montgomery housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Montgomery in April 2024, the same as the previous month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Montgomery, NY
How long does it take to sell a home in Montgomery, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 93 Days | +41.2% |
Summary: Homes in Montgomery had an average of 93 days on market in Apr 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Montgomery; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.