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Montgomery News

Friday, November 15, 2024

Montgomery County experienced increase in median home valuation prices in February 2024 compared to February 2023

Realestate1

In February, the median sale price of a home in Montgomery County rose by $34,950 from the same period in the previous year, while total sales decreased by 41.7%, according to BlockShopper.com.

Data shows that there were 314 homes sold in February, with a median sale price of $534,950 - a 7% increase over the $500,000 median sale price for the same period of the previous year. There were 539 homes sold in Montgomery County in February 2023.

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 February's median home sale price.

The following histogram displays changes in median sales prices in Montgomery County from February 2023 to February 2024.

February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024$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$530,000$530,000$550,000$550,000$483,900$483,900$534,950$534,950

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