Is Montgomery County, KY 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, KY
How much do homes in Montgomery County, KY cost?
Median Sold Price
$210,000
$96/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 $210,000 in April 2024, up 1.9% from last year, and the median price per square foot was $96.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $132.4K | $141.5K | +6.8% |
3 Bedrooms | $199K | $209.9K | +5.5% |
4 Bedrooms | $239K | $252.5K | +5.6% |
5+ Bedrooms | $252K | $465K | +84.5% |
Summary: Montgomery County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 84.5%.
Median Sold Price Compared To Nearby Counties
Bourbon County | $200K | $225K | +12.5% |
Menifee County | $143K | $150K | +4.9% |
Powell County | $173K | $180K | +4.0% |
Montgomery County | $206K | $210K | +1.9% |
Bath County | $150K | $150K | 0.0% |
Housing Supply in Montgomery County, KY
How many homes are available in Montgomery County, KY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 55 | +1.9% |
Summary: The Montgomery County real estate market had 55 homes for sale in April 2024, a 1.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 5 | 3 | -40.0% |
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 increased by 66.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Montgomery County in April 2024, down by 13.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Montgomery County, KY
How long does it take to sell a home in Montgomery County, KY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 91 Days | +52.7% |
Summary: Homes in Montgomery County had an average of 91 days on market in Apr 2024, up by 52.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Montgomery County; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.