Montgomery County, MD Home Values & Market Trends
The median home price in Montgomery County, MD is $603,352.74. There were 9,748 home sales in Montgomery County, MD over the past 12 months. The median residential Montgomery County, MD home value for transactions over the previous year is $561,931.746. The number of current listings in Montgomery County, MD is 1,177, and the percentage of properties for sale is 1177.00%. The county has 209 foreclosures, 34 bank owned properties, 74 headed for auction, and 1,177 properties for sale.
Montgomery County, MD Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Silver Spring | $ 525,730 $ 304/sqft | Poolesville | $ 568,530 $ 267/sqft |
| Gaithersburg | $ 525,570 $ 265/sqft | Boyds | $ 727,808 $ 208/sqft |
| Rockville | $ 699,000 $ 334/sqft | Derwood | $ 599,170 $ 299/sqft |
| Bethesda | $ 1,289,017 $ 472/sqft | Ashton | $ 995,000 $ 247/sqft |
| Germantown | $ 440,602 $ 259/sqft | Sandy Spring | $ 749,900 $ 231/sqft |
| Chevy Chase | $ 1,126,119 $ 484/sqft | Cabin John | $ 1,606,122 $ 489/sqft |
| Potomac | $ 1,530,052 $ 391/sqft | Garrett Park | $ 775,279 $ 557/sqft |
| Clarksburg | $ 650,560 $ 234/sqft | Dickerson | $ 1,189,000 $ 214/sqft |
| Kensington | $ 999,851 $ 454/sqft | Spencerville | $ -- $ -- |
| Burtonsville | $ 427,511 $ 269/sqft | Washington Grove | $ -- $ -- |
| Damascus | $ 520,127 $ 260/sqft | Glen Echo | $ -- $ -- |
| Olney | $ 627,544 $ 283/sqft | Brinklow | $ -- $ -- |
| Takoma Park | $ 574,500 $ 345/sqft | Barnesville | $ -- $ -- |
| Montgomery Village | $ 463,817 $ 271/sqft | Beallsville | $ -- $ -- |
| Brookeville | $ 850,873 $ 249/sqft |
Housing Market Summary for Montgomery County, MD
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $587K | $566.7K | -3.46% |
| Median Sold Price | $590.8K | $566.7K | -4.09% |
| Homes For Sale | 1,181 | 1,110 | -6.01% |
| Homes Sold | 6,303 | 5,594 | -11.25% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Montgomery County, MD
Montgomery County, MD home values range from $25,773 to $51,626,415. Cabin John is the priciest city with a median listing home price of $1,447,000, and Burtonsville is most affordable with average house prices of around $320,000.
- Pre-ForeclosurePre-foreclosure homes account for 0.03% of all residential properties in Montgomery County, MD with Silver Spring containing 22 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 29 cities within Montgomery County, MD; of those cities, the estimated home value for pre-foreclosure homes ranges from $1,084,636 in Boyds to the lowest home value of $153,823 in Gaithersburg.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Montgomery County, MD ranges from the highest value of $790,161 in Potomac to the lowest value of $150,531 in Gaithersburg. Bank owned homes and properties account for 0.01% of properties in Montgomery County, MD. There are 29 cities within Montgomery County, MD; Silver Spring containing 13 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsSilver Spring has 21 auction properties, the highest number of properties going to auction in a single city in the state of Montgomery County, MD. Auction homes and other auction properties account for 0.02% of all properties in Montgomery County, MD. There are 29 cities within Montgomery County, MD; of those cities, the median estimated home value for homes going to auction ranges from $1,041,177 in Damascus to the lowest value of $156,695 in Damascus.
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Guide for Montgomery County, MD
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