Is Montgomery County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, IN
How much do homes in Montgomery County, IN cost?
Median Sold Price
$175,000
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montgomery County was $175,000 in March 2024, up 2.9% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77.5K | $52.5K | -32.3% |
2 Bedrooms | $137.5K | $147K | +6.9% |
3 Bedrooms | $173K | $189.9K | +9.8% |
4 Bedrooms | $229.5K | $240K | +4.6% |
5+ Bedrooms | $283K | $274.1K | -3.2% |
Summary: Montgomery County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Counties
Clinton County | $179.5K | $200K | +11.4% |
Montgomery County | $170K | $175K | +2.9% |
Boone County | $386.8K | $375.9K | -2.8% |
Fountain County | $169.9K | $160K | -5.8% |
Housing Supply in Montgomery County, IN
How many homes are available in Montgomery County, IN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
132 | 138 | +4.5% |
Summary: The Montgomery County real estate market had 138 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 29 | -3.3% |
3 Bedrooms | 69 | 71 | +2.9% |
4 Bedrooms | 24 | 30 | +25.0% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Montgomery County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 38 | +5.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Montgomery County in March 2024, up by 5.6% month-over-month. Of the 38 sold homes, 58% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for Montgomery County, IN
How long does it take to sell a home in Montgomery County, IN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 44 Days | -22.2% |
Summary: Homes in Montgomery County had an average of 44 days on market in Mar 2024, down by 22.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 38 homes were sold in Montgomery County; 61% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.