Is Montgomery County, IN 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, Montgomery County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77.5K | $52.5K | -32.3% |
2 Bedrooms | $140K | $146.7K | +4.8% |
3 Bedrooms | $181.3K | $190.2K | +4.9% |
4 Bedrooms | $214K | $250K | +16.8% |
5+ Bedrooms | $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 | $187.5K | $213.5K | +13.9% |
Montgomery County | $170K | $178.9K | +5.3% |
Boone County | $383.8K | $371K | -3.3% |
Fountain County | $171K | $160K | -6.4% |
Housing Supply in Montgomery County, IN
How many homes are available in Montgomery County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
143 | 157 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 28 | 34 | +21.4% |
3 Bedrooms | 82 | 85 | +3.7% |
4 Bedrooms | 25 | 28 | +12.0% |
5+ Bedrooms | 8 | 9 | +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 2024 | May 2024 | CHANGE |
---|---|---|
43 | 45 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 20 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
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.