Is Montague, MA 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, Montague has remained a Seller's Market.
Key Takeaway
Montague is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montague, MA
How much do homes in Montague, MA cost?
Median Sold Price
$306,500
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Montague have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Montague was $306,500 in March 2024, up 11.5% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.3K | $240K | +15.8% |
| 2 Bedrooms | $209.5K | $235K | +12.2% |
| 3 Bedrooms | $305K | $352.5K | +15.6% |
| 4 Bedrooms | $278.5K | $335K | +20.3% |
| 5+ Bedrooms | $250K | $308.7K | +23.5% |
Summary: Montague housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 23.5%.
Median Sold Price Compared To Nearby Cities
| Montague | $275K | $306.5K | +11.5% |
| Greenfield Town | $273.5K | $303K | +10.8% |
| Turners Falls | $275K | $300K | +9.1% |
Housing Supply in Montague, MA
How many homes are available in Montague, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Montague real estate market had 18 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Montague housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montague, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Montague in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Montague, MA
How long does it take to sell a home in Montague, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 15 Days | -70.3% |
Summary: Homes in Montague had an average of 15 days on market in Mar 2024, down by 70.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montague are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Montague; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
