Is Montgomery County, KY 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, KY
How much do homes in Montgomery County, KY cost?
Median Sold Price
$212,500
$94/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 $212,500 in March 2024, up 3.7% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $103.7K | $155K | +49.5% |
3 Bedrooms | $195K | $209.9K | +7.7% |
4 Bedrooms | $245K | $250K | +2.0% |
5+ Bedrooms | $313.5K | $465K | +48.3% |
Summary: Montgomery County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 48.3%.
Median Sold Price Compared To Nearby Counties
Bourbon County | $195K | $229K | +17.4% |
Powell County | $160K | $182K | +13.8% |
Bath County | $136.5K | $152.5K | +11.7% |
Menifee County | $139.9K | $147.5K | +5.4% |
Montgomery County | $205K | $212.5K | +3.7% |
Housing Supply in Montgomery County, KY
How many homes are available in Montgomery County, KY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 52 | +6.1% |
Summary: The Montgomery County real estate market had 52 homes for sale in March 2024, a 6.1% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
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 increased by 50%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 14 | +75.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Montgomery County in March 2024, up by 75.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 38 Days | -30.6% |
Summary: Homes in Montgomery County had an average of 38 days on market in Mar 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Montgomery County; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.