Is Montgomery, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Montgomery has remained a Seller's Market.

Key Takeaway

Montgomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Montgomery, MA

How much do homes in Montgomery, MA cost?

Median Sold Price

$402,500

$159/sqft

Based on all homes sold in November 2023.

Difference Since Last Month

-$65,000(-13.9%)

Key Takeaway

Homes in Montgomery have sold for 13.9% less than they did a month ago.

Summary: The median home sold price in Montgomery was $402,500 in November 2023, down 13.9% from last month, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 --
N/A
2 $270K-
N/A
3 $665K$402.5K
-39.5%
4 --
N/A
5+ --
N/A

Summary: Montgomery housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 39.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Montgomery
-13.9%
Huntington
-25.0%

Housing Supply in Montgomery, MA

How many homes are available in Montgomery, MA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
85-37.5%

Summary: The Montgomery real estate market had 5 homes for sale in November 2023, a 37.5% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 10
-100.0%
3 63
-50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Montgomery housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Montgomery in November 2023, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Montgomery, MA

How long does it take to sell a home in Montgomery, MA?

Average Sale Time

Oct 2023Nov 2023CHANGE
31 Days113 Days+264.5%

Summary: Homes in Montgomery had an average of 113 days on market in Nov 2023, up by 264.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montgomery are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 2 homes were sold in Montgomery; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Montgomery, MA

Nearby Markets to Montgomery, MA

What housing markets are near Montgomery, MA?