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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montrose is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Montrose was a Seller's Market.

Key Takeaway

Montrose is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Montrose, NY

How much do homes in Montrose, NY cost?

Median Sold Price

$605,000

$412/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$147,750(+32.3%)

Key Takeaway

Homes in Montrose have sold for 32.3% more than they did a month ago.

Summary: The median home sold price in Montrose was $605,000 in September 2024, up 32.3% from last month, and the median price per square foot was $412.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 $379.2K-
N/A
3 $505K$605K
+19.8%
4 --
N/A
5+ $1.5M-
N/A

Summary: Montrose 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 increased by 19.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Montrose, NY

How many homes are available in Montrose, NY?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
76-14.3%

Summary: The Montrose real estate market had 6 homes for sale in September 2024, a 14.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 22
0.0%
4 12
+100.0%
5+ 10
-100.0%

Summary: The Montrose 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were 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 Montrose, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Montrose in September 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Montrose, NY

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

Average Sale Time

Aug 2024Sep 2024CHANGE
33 Days9 Days-72.7%

Summary: Homes in Montrose had an average of 9 days on market in Sep 2024, down by 72.7% 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 Montrose are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Montrose; 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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