$629 Closing Credit*
$53,000
1,588 SqFt
3 Beds
•1 Full Bath, 1 Partial
Edward F Rosenberg, Listing Office: Gage Realty
Is Montgomery County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Montgomery County has remained a Seller's Market.
Key Takeaway
Montgomery County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montgomery County, NY
How much do homes in Montgomery County, NY cost?
Median Sold Price
$179,560
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,560(+5.6%)
Key Takeaway
Homes in Montgomery County have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $179,560 in October 2024, up 5.6% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $80K | -46.7% |
| 2 Bedrooms | $165K | $159K | -3.6% |
| 3 Bedrooms | $185K | $215K | +16.2% |
| 4 Bedrooms | $202.5K | $167K | -17.5% |
| 5+ Bedrooms | $129K | $158K | +22.5% |
Summary: Montgomery County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 16.2%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Counties
| Schenectady County | $244.9K | $269K | +9.8% |
| Fulton County | $154.4K | $165K | +6.9% |
| Montgomery County | $170K | $179.5K | +5.6% |
| Schoharie County | $210.3K | $221.3K | +5.3% |
| Herkimer County | $155K | $155K | 0.0% |
Housing Supply in Montgomery County, NY
How many homes are available in Montgomery County, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 222 | 195 | -12.2% |
Summary: The Montgomery County real estate market had 195 homes for sale in October 2024, a 12.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 25 | 21 | -16.0% |
| 3 Bedrooms | 80 | 77 | -3.8% |
| 4 Bedrooms | 63 | 55 | -12.7% |
| 5+ Bedrooms | 51 | 39 | -23.5% |
Summary: The Montgomery County 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 16%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 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. 53.2% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Montgomery County in October 2024, up by 14.6% month-over-month. Of the 47 sold homes, 53% were sold under asking, 6% were sold at asking, and 40% were sold over asking.
Days on Market for Montgomery County, NY
How long does it take to sell a home in Montgomery County, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 32 Days | -0.7% |
Summary: Homes in Montgomery County had an average of 32 days on market in Oct 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 47 homes were sold in Montgomery County; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. 
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.