Is Montague, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montague has remained a Seller's Market.
Key Takeaway
Montague is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montague, MA
How much do homes in Montague, MA cost?
Median Sold Price
$309,750
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Montague have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Montague was $309,750 in May 2024, up 12.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.3K | $215K | +3.7% |
| 2 Bedrooms | $212.2K | $240K | +13.1% |
| 3 Bedrooms | $295.5K | $352.5K | +19.3% |
| 4 Bedrooms | $287.5K | $338K | +17.6% |
| 5+ Bedrooms | $241K | $336.5K | +39.6% |
Summary: Montague housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 13.1%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 39.6%.
Median Sold Price Compared To Nearby Cities
| Montague | $275K | $309.7K | +12.6% |
| Greenfield Town | $272K | $303K | +11.4% |
| Turners Falls | $275K | $305K | +10.9% |
Housing Supply in Montague, MA
How many homes are available in Montague, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Montague real estate market had 17 homes for sale in May 2024, a 15.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Montague housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montague, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Montague in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% were sold over asking.
Days on Market for Montague, MA
How long does it take to sell a home in Montague, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 21 Days | -63.1% |
Summary: Homes in Montague had an average of 21 days on market in May 2024, down by 63.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montague are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Montague; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
