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Montgomery News

Sunday, November 17, 2024

Montgomery County home prices rose in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Montgomery County rose by $6,000 while total sales decreased by 37.2%.

From July through December of 2022, there were 5,696 homes sold, with a median sale price of $526,000 - a 1.2% increase over the $520,000 median sale price for the same period of the previous year. There were 9,077 homes sold in Montgomery County in the second half of 2021.

The median sales tax in Montgomery County for the most recent year with available data, 2020, was $5,005 approximately 1% of the median home sale price for the second half of 2022.

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

July - Dec. 2021Jan. - June 2022July - Dec. 2022$520000$520000$528500$528500$526000$526000

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