Is Montgomery County, IN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, IN
How much do homes in Montgomery County, IN cost?
Median Sold Price
$177,250
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery County was $177,250 in April 2024, up 4.3% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77.5K | $52.5K | -32.3% |
2 Bedrooms | $135K | $148K | +9.6% |
3 Bedrooms | $177.7K | $190K | +6.9% |
4 Bedrooms | $217.5K | $250K | +14.9% |
5+ Bedrooms | $291K | $225K | -22.7% |
Summary: Montgomery County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Counties
Clinton County | $185K | $210K | +13.5% |
Montgomery County | $170K | $177.2K | +4.3% |
Boone County | $380K | $375.9K | -1.1% |
Fountain County | $170K | $164K | -3.5% |
Housing Supply in Montgomery County, IN
How many homes are available in Montgomery County, IN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 144 | 0.0% |
Summary: The Montgomery County real estate market had 144 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 30 | 27 | -10.0% |
3 Bedrooms | 76 | 81 | +6.6% |
4 Bedrooms | 30 | 28 | -6.7% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Montgomery County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 46 | +21.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Montgomery County in April 2024, up by 21.1% month-over-month. Of the 46 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for Montgomery County, IN
How long does it take to sell a home in Montgomery County, IN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 35 Days | -48.1% |
Summary: Homes in Montgomery County had an average of 35 days on market in Apr 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in Montgomery County; 63% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.