$6,234 Closing Credit*
$525,000
2,100 SqFt
3 Beds
•2 Full Baths, 2 Partial
Kevin J Roscioli, Listing Office: Realty One Group Restore - BlueBell
Is Montgomery Township, 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 Township has remained a Seller's Market.
Key Takeaway
Montgomery Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montgomery Township, PA
How much do homes in Montgomery Township, PA cost?
Median Sold Price
$515,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$32,500(+6.7%)
Key Takeaway
Homes in Montgomery Township have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Montgomery Township was $515,000 in November 2024, up 6.7% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $310K | $325K | +4.8% |
| 3 Bedrooms | $452.5K | $470K | +3.9% |
| 4 Bedrooms | $672.5K | $675K | 0.4% |
| 5+ Bedrooms | $689K | $633.2K | -8.1% |
Summary: Montgomery Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Lansdale | $410.1K | $440.2K | +7.3% |
| Montgomery Township | $482.5K | $515K | +6.7% |
| Hatfield Township | $465K | $461K | -0.9% |
Housing Supply in Montgomery Township, PA
How many homes are available in Montgomery Township, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 66 | 58 | -12.1% |
Summary: The Montgomery Township real estate market had 58 homes for sale in November 2024, a 12.1% 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 | 12 | 9 | -25.0% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Montgomery Township 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 25%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery Township, you may be able to get a good deal. 39.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Montgomery Township in November 2024, up by 27.8% month-over-month. Of the 23 sold homes, 39% were sold under asking, 26% were sold at asking, and 35% were sold over asking.
Days on Market for Montgomery Township, PA
How long does it take to sell a home in Montgomery Township, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 18 Days | +20.4% |
Summary: Homes in Montgomery Township had an average of 18 days on market in Nov 2024, up by 20.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 23 homes were sold in Montgomery Township; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
