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Thursday, November 7, 2024

Montgomery County home prices fell in the second half of 2022

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The median sale price of a home sold in the second half of 2022 in Montgomery County fell by $13,188 while total sales decreased by 55.2%.

From July through December of 2022, there were 2,716 homes sold, with a median sale price of $178,652 - a 6.9% decrease from the $191,840 median sale price for the same period of the previous year. There were 6,057 homes sold in Montgomery County in the second half of 2021.

The median sales tax in Montgomery County for the most recent year with available data, 2021, was $3,887 approximately 2.2% of the median home sale price for the second half of 2022.

The following histogram displays changes in median sales prices in Montgomery County from July 2021 to December 2022.

July - Dec. 2021Jan. - June 2022July - Dec. 2022$191840$191840$188680$188680$178652$178652

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