Is Montague, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montague is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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, NY

How much do homes in Montague, NY cost?

Median Sold Price

$190,000

$237/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$63,500(+50.2%)

Key Takeaway

Homes in Montague have sold for 50.2% more than they did a month ago.

Summary: The median home sold price in Montague was $190,000 in September 2024, up 50.2% from last month, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$190K
N/A
2 --
N/A
3 $126.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: Montague housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Montague, NY

How many homes are available in Montague, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
54-20.0%

Summary: The Montague real estate market had 4 homes for sale in September 2024, a 20.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 11
0.0%
3 21
-50.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Montague housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montague, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Montague in September 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Montague, NY

How long does it take to sell a home in Montague, NY?

Average Sale Time

Aug 2024Sep 2024CHANGE
22 Days3 Days-86.4%

Summary: Homes in Montague had an average of 3 days on market in Sep 2024, down by 86.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 1 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.

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

Report Updated Sep 1, 2024

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