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South Central Reporter

Tuesday, November 5, 2024

Home valuation prices increased in Montgomery County in October 2023, compared to October 2022

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In October 2023, the median sale price of a home in Montgomery County rose by $58,750 from the same period in the previous year, while total sales increased by 12.5%, according to BlockShopper.com.

Data shows that there were nine homes sold in October 2023, with a median sale price of $85,000 - a 223.8% increase over the $26,250 median sale price for the same period of the previous year. There were eight homes sold in Montgomery County in October 2022.

For context, the median sales tax in Montgomery County, based on the latest available data from 2021, was $1,282, which stands at 1.5% of October 2023's median home sale price.

The following histogram displays changes in median sales prices in Montgomery County from October 2022 to October 2023.

October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023$26,250$26,250$78,500$78,500$44,000$44,000$52,250$52,250$105,750$105,750$29,500$29,500$55,500$55,500$110,000$110,000$72,000$72,000$86,000$86,000$58,250$58,250$27,500$27,500$85,000$85,000

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