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Montgomery News

Monday, November 18, 2024

Montgomery County home prices fell in March 2023 compared to March 2022

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In March 2023, the median sale price of a home in Montgomery County fell by $100 from the same period in the previous year, while total sales decreased by 76.6%, according to BlockShopper.com.

Data shows that there were 223 homes sold in March 2023, with a median sale price of $499,900 - a decrease from the $500,000 median sale price for the same period of the previous year. There were 953 homes sold in Montgomery County in March 2022.

For context, the median sales tax in Montgomery County, based on the latest available data from 2020, was $5,005, which stands at 1% of March 2023's median home sale price.

The following histogram displays changes in median sales prices in Montgomery County from March 2022 to March 2023.

March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023$500,000$500,000$570,500$570,500$585,000$585,000$585,000$585,000$564,000$564,000$545,000$545,000$513,500$513,500$502,000$502,000$525,000$525,000$500,000$500,000$470,000$470,000$500,000$500,000$499,900$499,900

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