$4,452 Closing Credit*
$374,900
1,517 SqFt
3 Beds
•2 Full Baths
Listing Office: River Realty Services, Inc.
Is Montgomery, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, NY
How much do homes in Montgomery, NY cost?
Median Sold Price
$502,349
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$87,349(+21.0%)
Key Takeaway
Homes in Montgomery have sold for 21% more than they did a year ago.
Summary: The median home sold price in Montgomery was $502,349 in October 2024, up 21% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $293.7K | $316K | +7.6% |
| 3 Bedrooms | $399K | $425.2K | +6.6% |
| 4 Bedrooms | $570K | $592K | +3.9% |
| 5+ Bedrooms | $590K | $567.3K | -3.8% |
Summary: Montgomery housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 3.8%.
Housing Supply in Montgomery, NY
How many homes are available in Montgomery, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The Montgomery real estate market had 52 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 24 | 25 | +4.2% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Montgomery housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Montgomery in October 2024, up by 14.3% month-over-month. Of the 8 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Montgomery, NY
How long does it take to sell a home in Montgomery, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 75 Days | +177.5% |
Summary: Homes in Montgomery had an average of 75 days on market in Oct 2024, up by 177.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Montgomery; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.