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Friday, November 15, 2024

Home prices in Montgomery County during May 2024 increased compared to the same period in 2023

Realestate4

In May, the median sale price of a home in Montgomery County rose by $41,000 from the same period in the previous year, while total sales decreased by 2%, according to BlockShopper.com.

Data shows that there were 973 homes sold in May, with a median sale price of $630,000 - a 7% increase over the $589,000 median sale price for the same period of the previous year. There were 993 homes sold in Montgomery County in May 2023.

For context, the median sales tax in Montgomery County, based on the latest available data from 2020, was $5,005, which stands at 0.8% of May's median home sale price.

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

May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024April 2024May 2024$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$480,000$480,000$527,500$527,500$550,000$550,000$600,000$600,000$630,000$630,000

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