$24,900
2.51 Acres
Land
Listing Office: RE/MAX Preferred Associates
Is Montpelier, OH 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, Montpelier was a Seller's Market.
Key Takeaway
Montpelier is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montpelier, OH
How much do homes in Montpelier, OH cost?
Median Sold Price
$135,900
$93/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,900(+4.5%)
Key Takeaway
Homes in Montpelier have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Montpelier was $135,900 in November 2024, up 4.5% from last year, and the median price per square foot was $93.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | $24K | -25.0% |
| 2 Bedrooms | $109.4K | $88.5K | -19.1% |
| 3 Bedrooms | $145K | $146.4K | +1.0% |
| 4 Bedrooms | $115K | $164.3K | +42.9% |
| 5+ Bedrooms | $185K | - | N/A |
Summary: Montpelier housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jefferson Township | $185K | $196K | +5.9% |
| Montpelier | $130K | $135.9K | +4.5% |
Housing Supply in Montpelier, OH
How many homes are available in Montpelier, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 29 | -17.1% |
Summary: The Montpelier real estate market had 29 homes for sale in November 2024, a 17.1% decrease 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 | 8 | 7 | -12.5% |
| 3 Bedrooms | 25 | 21 | -16.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montpelier 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 decreased by 12.5%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montpelier, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Montpelier in November 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 53 Days | +12.7% |
Summary: Homes in Montpelier had an average of 53 days on market in Nov 2024, up by 12.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Montpelier has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Montpelier; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Copyright 2024 NORIS. All rights reserved. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of the NORIS MLS. Real estate listings held by brokerage firms other than this brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. This broker participates in Northwest Ohio Real Estate Information Systems, Inc. Broker Reciprocity program, allowing us to display other broker’s listings on our site.