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
$295,000
$156/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 $295,000 in March 2024, up 11.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $128K | $81.8K | -36.1% |
2 Bedrooms | $209K | $245K | +17.2% |
3 Bedrooms | $247.4K | $275.5K | +11.3% |
4 Bedrooms | $360K | $415K | +15.3% |
5+ Bedrooms | $434K | $186K | -57.1% |
Summary: Montgomery Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.1%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 57.1%.
Median Sold Price Compared To Nearby Cities
Montgomery Township | $265K | $295K | +11.3% |
Mercersburg | $250K | $254.5K | +1.8% |
Antrim Township | $311.3K | $312.4K | 0.4% |
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 |
---|---|---|
22 | 23 | +4.5% |
Summary: The Montgomery Township real estate market had 23 homes for sale in March 2024, a 4.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Montgomery Township in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% 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 |
---|---|---|
26 Days | 43 Days | +66.9% |
Summary: Homes in Montgomery Township had an average of 43 days on market in Mar 2024, up by 66.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Montgomery Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.