In its May 2024 market overview, MyMarketPulse (mymarketpulse.com) highlights the real estate dynamics within Montgomery County, Maryland.
The Median Sale Price for properties in Montgomery County was documented at $875,000 for May 2024. This price point is unchanged move of from the previous month and shows a 9.4% rise from the year before.
The region reported 589 home sales, marking an increase of 18.3% from the prior month, and 2.1% growth year-over-year.
The median time homes spent on the market was 8 days, which is up 1 day compared to last month and an increase of 1 day over the previous year.
With the Market Pulse Score sitting at 120, 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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