Is Montgomery Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Montgomery Township was a Buyer's Market.
Housing Prices in Montgomery Township, PA
How much do homes in Montgomery Township, PA cost?
Median Sold Price
$500,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montgomery Township was $500,000 in March 2024, up 8.6% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $310.5K | $305K | -1.8% |
3 Bedrooms | $420K | $461K | +9.8% |
4 Bedrooms | $629.9K | $697.5K | +10.7% |
5+ Bedrooms | $585.5K | $641.5K | +9.5% |
Summary: Montgomery Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
Montgomery Township | $460.5K | $500K | +8.6% |
Lansdale | $408K | $409K | 0.3% |
Hatfield Township | $460K | $457.5K | -0.5% |
Housing Supply in Montgomery Township, PA
How many homes are available in Montgomery Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 56 | +30.2% |
Summary: The Montgomery Township real estate market had 56 homes for sale in March 2024, a 30.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Montgomery Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 9 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Montgomery Township in March 2024, the same as the previous month. Of the 9 sold homes, 0% were sold under asking, 44% were sold at asking, and 56% were sold over asking.
Days on Market for Montgomery Township, PA
How long does it take to sell a home in Montgomery Township, PA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
9 Days | 9 Days | +1.8% |
Summary: Homes in Montgomery Township had an average of 9 days on market in Mar 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Montgomery Township; 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.