Is Montgomery County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Montgomery County has remained a Seller's Market.
Key Takeaway
Montgomery County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montgomery County, OH
How much do homes in Montgomery County, OH cost?
Median Sold Price
$193,188
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Montgomery County have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $193,188 in November 2023, up 6.3% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.5K | $83.4K | +23.6% |
| 2 Bedrooms | $123.8K | $128.8K | +4.0% |
| 3 Bedrooms | $175K | $185.3K | +5.9% |
| 4 Bedrooms | $264.9K | $287K | +8.3% |
| 5+ Bedrooms | $300.4K | $299.9K | -0.2% |
Summary: Montgomery County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 23.6%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Counties
| Preble County | $162.4K | $185K | +13.9% |
| Miami County | $207.2K | $229.4K | +10.7% |
| Montgomery County | $181.7K | $193.1K | +6.3% |
| Clark County | $174K | $179.6K | +3.3% |
| Greene County | $224.3K | $231.3K | +3.1% |
Housing Supply in Montgomery County, OH
How many homes are available in Montgomery County, OH?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 2,071 | 2,017 | -2.6% |
Summary: The Montgomery County real estate market had 2,017 homes for sale in November 2023, a 2.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 13 | -23.5% |
| 2 Bedrooms | 305 | 318 | +4.3% |
| 3 Bedrooms | 1,050 | 1,010 | -3.8% |
| 4 Bedrooms | 555 | 534 | -3.8% |
| 5+ Bedrooms | 144 | 142 | -1.4% |
Summary: The Montgomery County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.5%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 1.4%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 570 | 470 | -17.5% |
Asking Price vs. Sold Price
230 Homes Were Sold
Under Asking
112 Homes Were Sold
At Asking
128 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery County, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 470 homes were sold or pending in Montgomery County in November 2023, down by 17.5% month-over-month. Of the 470 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Montgomery County, OH
How long does it take to sell a home in Montgomery County, OH?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 55 Days | 57 Days | +4.7% |
Summary: Homes in Montgomery County had an average of 57 days on market in Nov 2023, up by 4.7% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
317 Homes Were Sold
In 30 - 90 Days
60 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Montgomery County has remained consistent over time.
Summary: During November 2023, 470 homes were sold in Montgomery County; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Real estate listings held by other brokerage firms are marked with the BR logo and detailed information about them includes the name of the listing brokers. Copyright ©2023 by the Multiple Listing Service of Greater Cincinnati, Inc. All rights reserved. For the most current information, contact your Broker.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 
Copyright 2023 - Yes Multiple Listing Service, Inc. All Rights Reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of YES MLS/NEOHREX/CRISMLS. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.