The Montgomery Township real estate market is showing dynamic trends that both buyers and sellers should keep an eye on. Here’s a breakdown of what’s happening across property types this year:
Single-Family Homes
- 📉 New Listings dropped 50% compared to last March.
- 🔥 Closed Sales soared by 250%, from 2 to 7.
- 🕒 Days on Market down by 66.7%, now averaging just 39 days.
- 💰 Median Sales Price surged to $1,200,000—a 44.6% increase.
- ✅ Sellers received 102.5% of asking price, indicating strong demand.
What it means: Low inventory is driving prices up, and buyers are acting fast. It’s a seller’s market, especially for well-priced homes.
Townhouse & Condo Market
- 🏘️ Listings and sales both declined, but prices softened slightly.
- 💵 Median sales price dropped 9.6% to $565,000.
- ⏱️ Days on Market held steady around 13 days, showing continued buyer interest.
Insight: While the price has dipped, properties are still moving quickly, suggesting an opportunity for buyers to negotiate.
Adult Community Homes
- 📉 No sales or listings in March 2025. However, year-to-date trends show:
- 🔻 Median price down 20.6%.
- 📈 Days on Market nearly doubled.
Takeaway: The adult community segment may need strategic pricing or marketing to regain momentum.
What’s Next for Montgomery?
With single-family homes flying off the market and prices climbing fast, this spring could be an ideal time for sellers to list. Buyers need to be prepared to move quickly and work with an agent who knows how to navigate tight markets.
📞 Thinking of buying or selling in Montgomery Township? Let’s chat about your real estate goals!
