Montgomery County, MD Home Values & Market Trends
The median home price in Montgomery County, MD is $603,344.61. There were 9,748 home sales in Montgomery County, MD over the past 12 months. The median residential Montgomery County, MD home value for transactions over the previous year is $561,931.746. The number of current listings in Montgomery County, MD is 1,213, and the percentage of properties for sale is 1213.00%. The county has 211 foreclosures, 34 bank owned properties, 74 headed for auction, and 1,213 properties for sale.
Montgomery County, MD Real Estate Market Overview
City | Median Est. Value | City | Median Est. Value |
---|---|---|---|
Silver Spring | $ 526,447 $ 304/sqft | Poolesville | $ 568,530 $ 267/sqft |
Rockville | $ 699,000 $ 334/sqft | Boyds | $ 727,808 $ 208/sqft |
Gaithersburg | $ 508,580 $ 268/sqft | Derwood | $ 599,170 $ 299/sqft |
Bethesda | $ 1,295,000 $ 483/sqft | Sandy Spring | $ 815,078 $ 234/sqft |
Germantown | $ 440,381 $ 260/sqft | Ashton | $ 995,000 $ 247/sqft |
Chevy Chase | $ 1,057,134 $ 484/sqft | Cabin John | $ 1,606,122 $ 489/sqft |
Potomac | $ 1,422,424 $ 389/sqft | Garrett Park | $ 775,279 $ 557/sqft |
Clarksburg | $ 648,780 $ 225/sqft | Dickerson | $ 1,189,000 $ 214/sqft |
Kensington | $ 949,000 $ 450/sqft | Spencerville | $ -- $ -- |
Olney | $ 649,900 $ 281/sqft | Washington Grove | $ -- $ -- |
Damascus | $ 520,127 $ 260/sqft | Glen Echo | $ -- $ -- |
Burtonsville | $ 427,511 $ 282/sqft | Brinklow | $ -- $ -- |
Takoma Park | $ 595,000 $ 356/sqft | Barnesville | $ -- $ -- |
Brookeville | $ 853,356 $ 234/sqft | Beallsville | $ -- $ -- |
Montgomery Village | $ 498,482 $ 271/sqft |
Housing Market Summary for Montgomery County, MD
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $587K | $566.7K | -3.46% |
Median Sold Price | $590.8K | $566.7K | -4.09% |
Homes For Sale | 1,181 | 1,110 | -6.01% |
Homes Sold | 6,303 | 5,594 | -11.25% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Montgomery County, MD
Browse Homes in Montgomery County, MD
Montgomery County, MD home values range from $25,773 to $51,626,415. Cabin John is the priciest city with a median listing home price of $1,447,000, and Burtonsville is most affordable with average house prices of around $300,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.03% of all residential properties in Montgomery County, MD with Gaithersburg containing 22 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 29 cities within Montgomery County, MD; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,154,929 in Boyds to the lowest home value of $153,823 in Gaithersburg.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Montgomery County, MD ranges from the highest value of $790,161 in Potomac to the lowest value of $150,531 in Gaithersburg. Bank owned homes and properties account for 0.01% of properties in Montgomery County, MD. There are 29 cities within Montgomery County, MD; Silver Spring containing 13 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSilver Spring has 22 auction properties, the highest number of properties going to auction in a single city in the state of Montgomery County, MD. Auction homes and other auction properties account for 0.02% of all properties in Montgomery County, MD. There are 29 cities within Montgomery County, MD; of those cities, the median estimated home value for homes going to auction ranges from $1,041,177 in Damascus to the lowest value of $156,695 in Damascus.
Compare Nearby Cities
More Real Estate Resources for Montgomery County, MD
Guide for Montgomery County, MD
Baltimore’s real estate market showcases significant growth with increasing property values and sale prices, indicating robust demand and investor confidence.
Sometime we need to make changes to our budget to cope with higher interest rates. Here are some tips!
When house prices increase near good school, what options do home buyer have?
Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.