Is Montrose, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Montrose was a Seller's Market.
Housing Prices in Montrose, NY
How much do homes in Montrose, NY cost?
Median Sold Price
$361,500
$362/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Montrose was $361,500 in May 2024, down 37.1% from last month, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $361.5K | N/A |
3 Bedrooms | $600K | - | N/A |
4 Bedrooms | $550K | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Montrose housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Buchanan | $322.5K | $450K | +39.5% |
Montrose | $575K | $361.5K | -37.1% |
Housing Supply in Montrose, NY
How many homes are available in Montrose, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 11 | 0.0% |
Summary: The Montrose real estate market had 11 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Montrose housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Montrose in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Montrose, NY
How long does it take to sell a home in Montrose, NY?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 Days | 216 Days | +402.3% |
Summary: Homes in Montrose had an average of 216 days on market in May 2024, up by 402.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Montrose; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.