$3,444 Closing Credit*
$290,000
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Marshall Lane Real Estate - Lexington
Is Montgomery County, KY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Montgomery County was a Seller's Market.
Key Takeaway
Montgomery County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Montgomery County, KY
How much do homes in Montgomery County, KY cost?
Median Sold Price
$213,000
$78/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-0.9%)
Key Takeaway
Homes in Montgomery County have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Montgomery County was $213,000 in November 2024, down 0.9% from last year, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $128K | $142.9K | +11.7% |
| 3 Bedrooms | $210K | $213.2K | +1.5% |
| 4 Bedrooms | $260K | $248.5K | -4.4% |
| 5+ Bedrooms | $420K | $181.5K | -56.8% |
Summary: Montgomery County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 56.8%.
Median Sold Price Compared To Nearby Counties
| Bath County | $150K | $165K | +10.0% |
| Powell County | $176K | $190K | +8.0% |
| Bourbon County | $225K | $240K | +6.7% |
| Menifee County | $144K | $150K | +4.2% |
| Montgomery County | $215K | $213K | -0.9% |
Housing Supply in Montgomery County, KY
How many homes are available in Montgomery County, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 63 | +1.6% |
Summary: The Montgomery County real estate market had 63 homes for sale in November 2024, a 1.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 37 | 39 | +5.4% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Montgomery County 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 remained the same, 3 bedroom homes increased by 5.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
5 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 Montgomery County, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Montgomery County in November 2024, down by 30.8% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Montgomery County, KY
How long does it take to sell a home in Montgomery County, KY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 19 Days | -25.8% |
Summary: Homes in Montgomery County had an average of 19 days on market in Nov 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Montgomery County; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.