$2,077 Closing Credit*
$174,900
1,669 SqFt
4 Beds
•2 Full Baths, 1 Partial
Angie Marsh, Listing Office: Southern Marsh Realty
Is Montgomery, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Montgomery was a Seller's Market.
Key Takeaway
Montgomery 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, MI
How much do homes in Montgomery, MI cost?
Median Sold Price
$182,500
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$7,500(+4.3%)
Key Takeaway
Homes in Montgomery have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Montgomery was $182,500 in December 2024, up 4.3% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53K | - | N/A |
| 2 Bedrooms | $175K | $157K | -10.3% |
| 3 Bedrooms | $216.2K | $200K | -7.5% |
| 4 Bedrooms | $90K | $165K | +83.3% |
| 5+ Bedrooms | $107.1K | $305K | +184.8% |
Summary: Montgomery housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 184.8%.
Median Sold Price Compared To Nearby Cities
| Camden Township | $185K | $254K | +37.3% |
| Montgomery | $175K | $182.5K | +4.3% |
Housing Supply in Montgomery, MI
How many homes are available in Montgomery, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Montgomery real estate market had 7 homes for sale in December 2024, a 16.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Montgomery housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Montgomery in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Montgomery, MI
How long does it take to sell a home in Montgomery, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 36 Days | 103 Days | +186.1% |
Summary: Homes in Montgomery had an average of 103 days on market in Dec 2024, up by 186.1% compared to last year.
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
Key Takeaway
Most homes in Montgomery are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 1 homes were sold in Montgomery; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
