Is Montgomery County, OH 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, OH
How much do homes in Montgomery County, OH cost?
Median Sold Price
$199,483
$131/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 $199,483 in April 2024, up 7.6% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | $95K | +40.7% |
2 Bedrooms | $125.2K | $129.9K | +3.7% |
3 Bedrooms | $179.7K | $190.1K | +5.8% |
4 Bedrooms | $265.2K | $295.1K | +11.3% |
5+ Bedrooms | $296.3K | $300.6K | +1.5% |
Summary: Montgomery County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 1.5%.
Median Sold Price Compared To Nearby Counties
Preble County | $162.5K | $187K | +15.1% |
Miami County | $210.5K | $229.9K | +9.2% |
Montgomery County | $185.4K | $199.4K | +7.6% |
Clark County | $175K | $185K | +5.8% |
Greene County | $226.9K | $234.9K | +3.5% |
Housing Supply in Montgomery County, OH
How many homes are available in Montgomery County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,783 | 1,927 | +8.1% |
Summary: The Montgomery County real estate market had 1,927 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 18 | +50.0% |
2 Bedrooms | 337 | 325 | -3.6% |
3 Bedrooms | 881 | 962 | +9.2% |
4 Bedrooms | 410 | 449 | +9.5% |
5+ Bedrooms | 143 | 173 | +21.0% |
Summary: The Montgomery County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 21%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
529 | 562 | +6.2% |
Asking Price vs. Sold Price
239 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
204 Homes Were Sold
Over Asking
Summary: A total of 562 homes were sold or pending in Montgomery County in April 2024, up by 6.2% month-over-month. Of the 562 sold homes, 43% were sold under asking, 21% were sold at asking, and 36% were sold over asking.
Days on Market for Montgomery County, OH
How long does it take to sell a home in Montgomery County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 64 Days | +5.7% |
Summary: Homes in Montgomery County had an average of 64 days on market in Apr 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
350 Homes Were Sold
In 30 - 90 Days
106 Homes Were Sold
Over 90 Days
Summary: During April 2024, 562 homes were sold in Montgomery County; 19% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.