Is Montgomery County, NY 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, NY
How much do homes in Montgomery County, NY cost?
Median Sold Price
$174,920
$114/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 $174,920 in March 2024, up 9.3% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $119.5K | +139.0% |
2 Bedrooms | $162K | $170K | +4.9% |
3 Bedrooms | $170K | $195.7K | +15.1% |
4 Bedrooms | $197K | $180.5K | -8.4% |
5+ Bedrooms | $113K | $143.5K | +27.0% |
Summary: Montgomery County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 15.1%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Counties
Schoharie County | $182K | $217K | +19.2% |
Fulton County | $148.2K | $162.2K | +9.5% |
Montgomery County | $160K | $174.9K | +9.3% |
Schenectady County | $235K | $255K | +8.5% |
Herkimer County | $160K | $155K | -3.1% |
Housing Supply in Montgomery County, NY
How many homes are available in Montgomery County, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
174 | 163 | -6.3% |
Summary: The Montgomery County real estate market had 163 homes for sale in March 2024, a 6.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 18 | 16 | -11.1% |
3 Bedrooms | 83 | 70 | -15.7% |
4 Bedrooms | 35 | 35 | 0.0% |
5+ Bedrooms | 35 | 40 | +14.3% |
Summary: The Montgomery County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Montgomery County in March 2024, up by 3.6% month-over-month. Of the 29 sold homes, 55% were sold under asking, 24% were sold at asking, and 21% were sold over asking.
Days on Market for Montgomery County, NY
How long does it take to sell a home in Montgomery County, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 41 Days | -17.0% |
Summary: Homes in Montgomery County had an average of 41 days on market in Mar 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Montgomery County; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.