Montgomery Co. home values up 4.3%

The Montgomery County, Maryland, housing market is generally less expensive than the District and close-in Northern Virginia suburbs, but prices are rising.

The Greater Capital Area Association of Realtors said the median price of a home that sold in Montgomery County in April was $464,000, up 4.3% from a year ago.

The number of sales in Montgomery County that closed last month was down 3.5% from a year ago, but pending sales, or contracts that were signed, were up 2.8%.

The number of houses and condos for sale in Montgomery County is down 5.1% from a year ago.

Montgomery County’s housing market continues to favor sellers, with just a 2.3 month supply of homes available based on the average sales pace over the last year.

Homes that sold in April went for an average 98.7% of the original list price.

Below is a chart showing sales and price trends in Montgomery County over the past nine years, courtesy of the Greater Capital Area Association of Realtors:

Sales and price trends in Montgomery County over the past nine years. (Courtesy Greater Capital Area Association of Realtors)

Like WTOP on Facebook and follow @WTOP on Twitter to engage in conversation about this article and others.

© 2019 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up