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
At the same time last year, Montgomery Township was a Seller's Market.
Housing Prices in Montgomery Township, PA
How much do homes in Montgomery Township, PA cost?
Median Sold Price
$297,000
$158/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 $297,000 in April 2024, up 16.5% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $104.5K | $82.5K | -21.1% |
2 Bedrooms | $175K | $250K | +42.9% |
3 Bedrooms | $249.9K | $254K | +1.6% |
4 Bedrooms | $357.5K | $442.5K | +23.8% |
5+ Bedrooms | $434K | $186K | -57.1% |
Summary: Montgomery Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.1%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 57.1%.
Median Sold Price Compared To Nearby Cities
Montgomery Township | $255K | $297K | +16.5% |
Antrim Township | $311.3K | $312.4K | 0.4% |
Mercersburg | $257.5K | $255K | -1.0% |
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 |
---|---|---|
11 | 12 | +9.1% |
Summary: The Montgomery Township real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 7 | 5 | -28.6% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Montgomery Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Montgomery Township in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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 |
---|---|---|
45 Days | 63 Days | +37.7% |
Summary: Homes in Montgomery Township had an average of 63 days on market in Apr 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Montgomery Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.