Is Montgomery Township, PA 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 Township has remained a Seller's Market.
Housing Prices in Montgomery Township, PA
How much do homes in Montgomery Township, PA cost?
Median Sold Price
$500,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery Township was $500,000 in April 2024, up 6.8% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $310.5K | $307.6K | -0.9% |
3 Bedrooms | $420K | $475K | +13.1% |
4 Bedrooms | $646.5K | $675K | +4.4% |
5+ Bedrooms | $517.2K | $689K | +33.2% |
Summary: Montgomery Township 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 decreased by 0.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 33.2%.
Median Sold Price Compared To Nearby Cities
Montgomery Township | $467.9K | $500K | +6.8% |
Lansdale | $410K | $414.9K | +1.2% |
Colmar | $517.5K | $515.5K | -0.4% |
Hatfield Township | $467K | $458.7K | -1.8% |
Housing Supply in Montgomery Township, PA
How many homes are available in Montgomery Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 54 | +22.7% |
Summary: The Montgomery Township real estate market had 54 homes for sale in April 2024, a 22.7% 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 | 8 | 13 | +62.5% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 12 | 17 | +41.7% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Montgomery Township 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 62.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 14 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Montgomery Township in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 19 Days | +40.7% |
Summary: Homes in Montgomery Township had an average of 19 days on market in Apr 2024, up by 40.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Montgomery Township; 86% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.