Is Montgomery County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, OH
How much do homes in Montgomery County, OH cost?
Median Sold Price
$195,579
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Montgomery County was $195,579 in February 2024, up 5.9% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $86K | +26.5% |
2 Bedrooms | $124.7K | $130K | +4.2% |
3 Bedrooms | $178.3K | $188.3K | +5.6% |
4 Bedrooms | $264.9K | $289.9K | +9.4% |
5+ Bedrooms | $292.9K | $300K | +2.4% |
Summary: Montgomery County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.5%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Counties
Miami County | $207.7K | $232.9K | +12.1% |
Preble County | $159.6K | $178.3K | +11.7% |
Clark County | $170.8K | $183K | +7.1% |
Montgomery County | $184.6K | $195.5K | +5.9% |
Greene County | $225K | $234.4K | +4.2% |
Housing Supply in Montgomery County, OH
How many homes are available in Montgomery County, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1,652 | 1,762 | +6.7% |
Summary: The Montgomery County real estate market had 1,762 homes for sale in February 2024, a 6.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 11 | -15.4% |
2 Bedrooms | 300 | 333 | +11.0% |
3 Bedrooms | 815 | 885 | +8.6% |
4 Bedrooms | 392 | 404 | +3.1% |
5+ Bedrooms | 132 | 129 | -2.3% |
Summary: The Montgomery County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
384 | 502 | +30.7% |
Asking Price vs. Sold Price
244 Homes Were Sold
Under Asking
132 Homes Were Sold
At Asking
126 Homes Were Sold
Over Asking
Summary: A total of 502 homes were sold or pending in Montgomery County in February 2024, up by 30.7% month-over-month. Of the 502 sold homes, 49% were sold under asking, 26% were sold at asking, and 25% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
70 Days | 69 Days | -1.2% |
Summary: Homes in Montgomery County had an average of 69 days on market in Feb 2024, down by 1.2% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
290 Homes Were Sold
In 30 - 90 Days
133 Homes Were Sold
Over 90 Days
Summary: During February 2024, 502 homes were sold in Montgomery County; 16% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.