$5,047 Closing Credit*
$425,000
3,750 SqFt
4 Beds
•3 Full Baths, 1 Partial
#SC6178, Listing Office: Keller Williams Real Estate
Is Montrose, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Montrose was a Seller's Market.
Key Takeaway
Montrose is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Montrose, PA
How much do homes in Montrose, PA cost?
Median Sold Price
$255,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$25,000(+10.9%)
Key Takeaway
Homes in Montrose have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Montrose was $255,000 in December 2024, up 10.9% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $96K | $1.2M | +1150.0% |
| 2 Bedrooms | $169.9K | $135K | -20.5% |
| 3 Bedrooms | $202.4K | $235K | +16.1% |
| 4 Bedrooms | $380K | $267.5K | -29.6% |
| 5+ Bedrooms | $482K | $355K | -26.3% |
Summary: Montrose housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1150%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 29.6%, and 5+ bedroom homes decreased by 26.3%.
Median Sold Price Compared To Nearby Cities
| Montrose | $230K | $255K | +10.9% |
| Bridgewater Township | $298K | $255K | -14.4% |
Housing Supply in Montrose, PA
How many homes are available in Montrose, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Summary: The Montrose real estate market had 12 homes for sale in December 2024, a 14.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Montrose housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Montrose, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Montrose in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Montrose, PA
How long does it take to sell a home in Montrose, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 21 Days | 6 Days | -71.4% |
Summary: Homes in Montrose had an average of 6 days on market in Dec 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montrose are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Montrose; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Greater Scranton MLS as distributed by MLS GRID.