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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Montgomery Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Montgomery Township, IN

How much do homes in Montgomery Township, IN cost?

Median Sold Price

$369,950

$184/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$195,050(-34.5%)

Key Takeaway

Homes in Montgomery Township have sold for 34.5% less than they did a month ago.

Summary: The median home sold price in Montgomery Township was $369,950 in November 2024, down 34.5% from last month, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$354.9K
N/A
3 -$423K
N/A
4 $565K$385K
-31.9%
5+ --
N/A

Summary: Montgomery Township housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 31.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Washington Township
+4.7%
Montgomery Township
-34.5%

Housing Supply in Montgomery Township, IN

How many homes are available in Montgomery Township, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1214+16.7%

Summary: The Montgomery Township real estate market had 14 homes for sale in November 2024, a 16.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 56
+20.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Montgomery Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery Township, 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 Montgomery Township in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.

Days on Market for Montgomery Township, IN

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

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Montgomery Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in Montgomery Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 2 Days Ago

Newest Listings in Montgomery Township, IN

Nearby Markets to Montgomery Township, IN

What housing markets are near Montgomery Township, IN?