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

Housing Market Conditions



Gauge showing Montgomery is a seller's market


Difference Since August 2022

At the same time last year, Montgomery was a Buyer's Market.

Key Takeaway

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

Housing Prices

How much do homes in Montgomery, NY cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Montgomery have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Montgomery was $415,000 in August 2023, up 6.5% from last year, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
2 $244K$285K
3 $370K$387K
4 $490K$555K
5+ $532.5K$675K

Summary: Montgomery housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 26.8%.

Housing Supply

How many homes are available in Montgomery, NY?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Montgomery real estate market had 41 homes for sale in August 2023, a 2.4% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 55
3 1718
4 1715
5+ 33

Summary: The Montgomery housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Montgomery in August 2023, up by 28.6% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
78 Days44 Days-42.9%

Summary: Homes in Montgomery had an average of 44 days on market in Aug 2023, down by 42.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Montgomery has remained consistent over time.

Summary: During August 2023, 9 homes were sold in Montgomery; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% 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 25 Days Ago

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