Is Montgomery Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Montgomery Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Montgomery Township, OH

How much do homes in Montgomery Township, OH cost?

Median Sold Price

$195,000

$132/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$50,000(+34.5%)

Key Takeaway

Homes in Montgomery Township have sold for 34.5% more than they did a year ago.

Summary: The median home sold price in Montgomery Township was $195,000 in September 2024, up 34.5% from last year, and the median price per square foot was $132.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $31K$137K
+341.9%
2 $109.7K$140.5K
+28.0%
3 $138.5K$195K
+40.8%
4 $227.5K$770K
+238.5%
5+ $670.2K$1.6M
+146.2%

Summary: Montgomery Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 341.9%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 40.8%, 4 bedroom homes increased by 238.5%, and 5+ bedroom homes increased by 146.2%.

Median Sold Price Compared To Nearby Cities

Montgomery Township
+34.5%
Perry Township
+13.7%

Housing Supply in Montgomery Township, OH

How many homes are available in Montgomery Township, OH?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1513-13.3%

Summary: The Montgomery Township real estate market had 13 homes for sale in September 2024, a 13.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 129
-25.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Montgomery Township 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 increased by 100%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Montgomery Township in September 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Montgomery Township, OH

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

Average Sale Time

Sep 2023Sep 2024CHANGE
30 Days123 Days+311.1%

Summary: Homes in Montgomery Township had an average of 123 days on market in Sep 2024, up by 311.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Montgomery Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During September 2024, 5 homes were sold in Montgomery Township; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 30 Days Ago

Newest Listings in Montgomery Township, OH

Nearby Markets to Montgomery Township, OH