The Montgomery Village housing market is very competitive. Homes in Montgomery Village receive 5 offers on average and sell in around 16 days. The median sale price of a home in Montgomery Village was $450K last month, up 5.5% since last year. The median sale price per square foot in Montgomery Village is $250, up 9.4% since last year.
What is the housing market like in Montgomery Village today?
In May 2024, Montgomery Village home prices were up 5.5% compared to last year, selling for a median price of $450K. On average, homes in Montgomery Village sell after 16 days on the market compared to 12 days last year. There were 49 homes sold in May this year, down from 61 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$450,000
+5.5% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Montgomery Village, MD
103.6%
-0.77 pt
United States
Montgomery Village Migration & Relocation Trends
In Mar '24 - May '24, 18% of Montgomery Village homebuyers searched to move out of Montgomery Village, while 82% looked to stay within the metropolitan area.
Where are people moving to Montgomery Village from?
Across the nation, 3% of homebuyers searched to move into Montgomery Village from outside metros.
New York homebuyers searched to move into Montgomery Village more than any other metro followed by Hartford and Philadelphia.
Where are people from Montgomery Village moving to?
82% of Montgomery Village homebuyers searched to stay within the Montgomery Village metropolitan area.
Salisbury was the most popular destination among Montgomery Village homebuyers followed by Virginia Beach and Miami.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Montgomery Village
Explore recent offers and recently sold homes in Montgomery Village
Recent offers
Offer Not Accepted|
11 Weeks Ago
~$700K Offer
Sold for $700K
5bd | 3ba | ~3,000sqft
Over List Price
0%
Days on Market
6
Competing Offers
3
Down Payment
~20%
Arlene Fernandez
Montgomery Village Redfin Agent
We offer 30 day close but the competing offer had 15 days close term.
Offer Not Accepted|
7 Weeks Ago
~$325K Offer
Sold for $375K
2bd | 2.5ba | ~1,250sqft
Under List Price
6%
Days on Market
7
Competing Offers
10
Down Payment
<10%
Phil Reding
Montgomery Village Redfin Agent
Offer Not Accepted|
8 Weeks Ago
~$500K Offer
Sold for $550K
3bd | 3.5ba | ~2,250sqft
Over List Price
3%
Days on Market
6
Competing Offers
4
Down Payment
~40%
Phil Reding
Montgomery Village Redfin Agent
View houses in Montgomery Village that sold recently
Learn about schools in the Montgomery Village area
Elementary
Middle
High
GreatSchools Rating
5/10
Goshen Elementary School
Public • PreK-5
522
Students
12 reviews
5/10
Strawberry Knoll Elementary School
Public • PreK-5
594
Students
19 reviews
5/10
Whetstone Elementary School
Public • PreK-5
693
Students
17 reviews
4/10
Judith A. Resnik Elementary School
Public • PreK-5
591
Students
10 reviews
3/10
Stedwick Elementary School
Public • PreK-5
516
Students
13 reviews
Only showing 5 of
8 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Montgomery Village housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Montgomery Village.
Risk Factor
Flood Factor - Minor
5% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Montgomery Village has a minor risk of flooding. 140 properties in Montgomery Village are likely to be
severely affected
by flooding over the next 30 years. This represents 5% of all properties in Montgomery Village. Flood risk is increasing slower than the national average.
16% of properties are at risk of wildfire over the next 30 years
Fire Factor
Montgomery Village has a minor risk of wildfire. There are 725 properties in Montgomery Village that have some risk of being affected by wildfire over the next 30 years. This represents 16% of all properties in Montgomery Village.
100% of properties are at moderate
risk of a severe wind event over the next 30 years
Wind Factor
Montgomery Village has a Moderate Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Montgomery Village is most at risk from hurricanes. 4,347 properties in Montgomery Village have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 61 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 76 mph.
99% of properties are at major
risk of heat over the next 30 years
Heat Factor
Montgomery Village has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Montgomery Village have a Major Heat Factor®.
Montgomery Village is expected to see a 114% increase in the number of days over 102ºF over the next 30 years. Montgomery Village is expected to experience 6