In March, the median sale price of a home in Montgomery County rose by $44,000 from the same period in the previous year, while total sales increased by 29.2%, according to BlockShopper.com.
Data shows that there were 700 homes sold in March, with a median sale price of $550,000 - an 8.7% increase over the $506,000 median sale price for the same period of the previous year. There were 542 homes sold in Montgomery County in March 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 March's median home sale price.
The following histogram displays changes in median sales prices in Montgomery County from March 2023 to March 2024.