Is Montgomery County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Montgomery County has remained a Seller's Market.

Key Takeaway

Montgomery County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Montgomery County, IN

How much do homes in Montgomery County, IN cost?

Median Sold Price

$178,925

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$8,925(+5.3%)

Key Takeaway

Homes in Montgomery County have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Montgomery County was $178,925 in May 2024, up 5.3% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $77.5K$52.5K
-32.3%
2 $140K$146.7K
+4.8%
3 $181.3K$190.2K
+4.9%
4 $214K$250K
+16.8%
5+ $291K$225K
-22.7%

Summary: Montgomery County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 22.7%.

Median Sold Price Compared To Nearby Counties

Clinton County
+13.9%
Montgomery County
+5.3%
Boone County
-3.3%
Fountain County
-6.4%

Housing Supply in Montgomery County, IN

How many homes are available in Montgomery County, IN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
143157+9.8%

Summary: The Montgomery County real estate market had 157 homes for sale in May 2024, a 9.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2834
+21.4%
3 8285
+3.7%
4 2528
+12.0%
5+ 89
+12.5%

Summary: The Montgomery County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4345+4.7%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery County, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Montgomery County in May 2024, up by 4.7% month-over-month. Of the 45 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.

Days on Market for Montgomery County, IN

How long does it take to sell a home in Montgomery County, IN?

Average Sale Time

May 2023May 2024CHANGE
42 Days20 Days-52.3%

Summary: Homes in Montgomery County had an average of 20 days on market in May 2024, down by 52.3% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montgomery County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 45 homes were sold in Montgomery County; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Montgomery County, IN

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