Is Montpelier, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montpelier has remained a Seller's Market.
Housing Prices in Montpelier, OH
How much do homes in Montpelier, OH cost?
Median Sold Price
$133,000
$88/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Montpelier was $133,000 in May 2024, the same as last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $30K | -57.1% |
2 Bedrooms | $105.9K | $86.3K | -18.5% |
3 Bedrooms | $152K | $142K | -6.6% |
4 Bedrooms | $125K | $151.9K | +21.5% |
5+ Bedrooms | $148K | $392.4K | +165.2% |
Summary: Montpelier housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.1%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 21.5%, and 5+ bedroom homes increased by 165.2%.
Median Sold Price Compared To Nearby Cities
Jefferson Township | $184.9K | $187.5K | +1.4% |
Montpelier | $133K | $133K | 0.0% |
Housing Supply in Montpelier, OH
How many homes are available in Montpelier, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 23 | -14.8% |
Summary: The Montpelier real estate market had 23 homes for sale in May 2024, a 14.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 17 | 14 | -17.6% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Montpelier 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 decreased by 40%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Montpelier in May 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Montpelier, OH
How long does it take to sell a home in Montpelier, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 38 Days | -29.1% |
Summary: Homes in Montpelier had an average of 38 days on market in May 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Montpelier; 14% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.