$8,134 Closing Credit*
$685,000
3,006 SqFt
4 Beds
•3 Full Baths
alyan Youssaf, Listing Office: Keller Williams Realty Devon-Wayne
Is Montgomery County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, PA
How much do homes in Montgomery County, PA cost?
Median Sold Price
$443,808
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,793(+5.7%)
Key Takeaway
Homes in Montgomery County have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $443,808 in November 2024, up 5.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $187.8K | +3.8% |
| 2 Bedrooms | $280K | $290.1K | +3.6% |
| 3 Bedrooms | $384.7K | $408.1K | +6.1% |
| 4 Bedrooms | $540K | $580.4K | +7.5% |
| 5+ Bedrooms | $674.2K | $747.4K | +10.9% |
Summary: Montgomery County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Counties
| Delaware County | $325.8K | $350K | +7.4% |
| Bucks County | $451.9K | $482.3K | +6.7% |
| Montgomery County | $420K | $443.8K | +5.7% |
| Chester County | $495.9K | $518.8K | +4.6% |
| Philadelphia County | $255.9K | $265.3K | +3.7% |
Housing Supply in Montgomery County, PA
How many homes are available in Montgomery County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2,440 | 2,216 | -9.2% |
Summary: The Montgomery County real estate market had 2,216 homes for sale in November 2024, a 9.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 38 | -7.3% |
| 2 Bedrooms | 289 | 281 | -2.8% |
| 3 Bedrooms | 1,038 | 916 | -11.8% |
| 4 Bedrooms | 777 | 713 | -8.2% |
| 5+ Bedrooms | 295 | 268 | -9.2% |
Summary: The Montgomery County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 9.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 709 | 657 | -7.3% |
Asking Price vs. Sold Price
229 Homes Were Sold
Under Asking
134 Homes Were Sold
At Asking
294 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery County, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.
Summary: A total of 657 homes were sold or pending in Montgomery County in November 2024, down by 7.3% month-over-month. Of the 657 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.
Days on Market for Montgomery County, PA
How long does it take to sell a home in Montgomery County, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +19.1% |
Summary: Homes in Montgomery County had an average of 21 days on market in Nov 2024, up by 19.1% compared to last year.
Breakdown of Home Sale Times
523 Homes Were Sold
Under 30 Days
102 Homes Were Sold
In 30 - 90 Days
32 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 November 2024, 657 homes were sold in Montgomery County; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
