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Thursday, November 14, 2024

Montgomery County home prices rose in December 2023 compared to December 2022

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In December 2023, the median sale price of a home in Montgomery County rose by $50,000 from the same period in the previous year, while total sales decreased by 12.4%, according to BlockShopper.com.

Data shows that there were 635 homes sold in December 2023, with a median sale price of $550,000 - a 10% increase over the $500,000 median sale price for the same period of the previous year. There were 725 homes sold in Montgomery County in December 2022.

For context, the median sales tax in Montgomery County, based on the latest available data from 2020, was $5,005, which stands at 0.9% of December 2023's median home sale price.

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

December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023$500,000$500,000$470,000$470,000$500,000$500,000$506,000$506,000$551,009$551,009$589,000$589,000$610,050$610,050$600,000$600,000$555,000$555,000$542,500$542,500$520,000$520,000$537,500$537,500$550,000$550,000

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