Is Montpelier, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montpelier has remained a Seller's Market.
Housing Prices in Montpelier, OH
How much do homes in Montpelier, OH cost?
Median Sold Price
$130,000
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montpelier was $130,000 in April 2024, up 8.3% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $30K | -57.1% |
2 Bedrooms | $93K | $86.3K | -7.2% |
3 Bedrooms | $127.9K | $140K | +9.4% |
4 Bedrooms | $102.5K | $139.5K | +36.1% |
5+ Bedrooms | $118K | $392.4K | +232.6% |
Summary: Montpelier housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.1%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes increased by 232.6%.
Median Sold Price Compared To Nearby Cities
Montpelier | $120K | $130K | +8.3% |
Jefferson Township | $184.1K | $185K | 0.4% |
Housing Supply in Montpelier, OH
How many homes are available in Montpelier, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Montpelier real estate market had 28 homes for sale in April 2024, a 7.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 5 | -37.5% |
3 Bedrooms | 12 | 18 | +50.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montpelier 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 decreased by 37.5%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Montpelier in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% were sold over asking.
Days on Market for Montpelier, OH
How long does it take to sell a home in Montpelier, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 62 Days | -11.7% |
Summary: Homes in Montpelier had an average of 62 days on market in Apr 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Montpelier; 18% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.