In its July 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Montgomery County, Maryland.
The report shows that the Median Sale Price in Montgomery County reached $840,000 as of July 2024, marking a decrease of 4.0% over the previous month and a 3.7% rise compared to a year ago.
Sales of homes in the region saw 509 homes changing hands. This represents a decline of 7.1% from the month before and up 9.7% compared to the same month last year.
Furthermore, homes in Montgomery County were on the market for an average of 22 days before selling, reflecting an increase of 9 days days month-over-month and an increase of 11 day day year-over-year.
With the Market Pulse Score sitting at 121, the trend in Montgomery County’s housing market seems to be rising.
For more information about the Montgomery County, Maryland market, visit MyMarketPulse.com.
MyMarketPulse is a free service of Digital Build Team (DBT, DigitalBuildTeam.com). Its goal is to help everyone quickly understand and compare real estate markets by providing timely data and visual analysis to help explain current market trends and predict future opportunities.
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