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Montgomery News

Sunday, November 17, 2024

Montgomery County home prices rose in 2022

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The median sale price of a home sold in 2022 in Montgomery County rose by $22,500 while total sales decreased by 28.2%.

From January through December of 2022, there were 12,048 homes sold, with a median sale price of $527,500 - a 4.5% increase over the $505,000 median sale price for the same period of the previous year. There were 16,783 homes sold in Montgomery County in 2021.

The median sales tax in Montgomery County for the most recent year with available data, 2020, was $5,005 approximately 0.9% of the median home sale price for 2022.

The following histogram displays changes in median sales prices in Montgomery County from January 2021 to December 2022.

20212022$505000$505000$527500$527500

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