Is Montgomery County, 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 County has remained a Seller's Market.
Housing Prices in Montgomery County, PA
How much do homes in Montgomery County, PA cost?
Median Sold Price
$425,278
$230/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 $425,278 in April 2024, up 3.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $167.5K | $176.5K | +5.4% |
2 Bedrooms | $270K | $285K | +5.6% |
3 Bedrooms | $374.7K | $391.3K | +4.4% |
4 Bedrooms | $530.9K | $550K | +3.6% |
5+ Bedrooms | $720.8K | $703.3K | -2.4% |
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 5.4%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Counties
Chester County | $469.9K | $503K | +7.0% |
Delaware County | $317.2K | $334.5K | +5.5% |
Montgomery County | $409.6K | $425.2K | +3.8% |
Bucks County | $446.5K | $460K | +3.0% |
Philadelphia County | $269.7K | $258.6K | -4.1% |
Housing Supply in Montgomery County, PA
How many homes are available in Montgomery County, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,829 | 2,127 | +16.3% |
Summary: The Montgomery County real estate market had 2,127 homes for sale in April 2024, a 16.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 48 | +6.7% |
2 Bedrooms | 237 | 273 | +15.2% |
3 Bedrooms | 759 | 846 | +11.5% |
4 Bedrooms | 539 | 666 | +23.6% |
5+ Bedrooms | 249 | 294 | +18.1% |
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 6.7%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes increased by 18.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
504 | 493 | -2.2% |
Asking Price vs. Sold Price
130 Homes Were Sold
Under Asking
92 Homes Were Sold
At Asking
271 Homes Were Sold
Over Asking
Summary: A total of 493 homes were sold or pending in Montgomery County in April 2024, down by 2.2% month-over-month. Of the 493 sold homes, 26% were sold under asking, 19% were sold at asking, and 55% were sold over asking.
Days on Market for Montgomery County, PA
How long does it take to sell a home in Montgomery County, PA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 18 Days | -5.3% |
Summary: Homes in Montgomery County had an average of 18 days on market in Apr 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
426 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During April 2024, 493 homes were sold in Montgomery County; 86% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.