Is Montpelier, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montpelier is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Montpelier has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Montpelier, OH

How much do homes in Montpelier, OH cost?

Median Sold Price

$135,900

$97/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$6,450(+5.0%)

Key Takeaway

Homes in Montpelier have sold for 5% more than they did a year ago.

Summary: The median home sold price in Montpelier was $135,900 in December 2024, up 5% from last year, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $25K$30K
+20.0%
2 $105.9K$96.4K
-9.0%
3 $133K$150K
+12.8%
4 $135K$161K
+19.3%
5+ $185K-
N/A

Summary: Montpelier housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Montpelier
+5.0%
Jefferson Township
+3.4%
Superior Township
-31.6%

Housing Supply in Montpelier, OH

How many homes are available in Montpelier, OH?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3132+3.2%

Summary: The Montpelier real estate market had 32 homes for sale in December 2024, a 3.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 2322
-4.3%
4 11
0.0%
5+ 01
+100.0%

Summary: The Montpelier 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 increased by 14.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montpelier, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Montpelier in December 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Montpelier, OH

How long does it take to sell a home in Montpelier, OH?

Average Sale Time

Dec 2023Dec 2024CHANGE
56 Days57 Days+1.5%

Summary: Homes in Montpelier had an average of 57 days on market in Dec 2024, up by 1.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Montpelier has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Montpelier; 0% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

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