Property prices for sale in Montgomery Village (Maryland)

The price per sq.feet in Montgomery Village has fallen in the last 6 months. In October, the average price per sq.feet was $266. In November this price pretty much remained the same at a value of $254 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $260 to $264 per sq.feet. The price per sq.feet has decreased 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $262 to $238 during February, and March.

Based upon to the price in Montgomery Village (cities), these have remained the same in the last 6 months. The average price for October is $449,766. During November the price had a slight fall till $405,308. In the following two months the average price has remained the same with regard to the previous two months from $427,537 to $427,076.5. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % during the last two months.

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $529,942 they are 59 % more affordable than the average price for Montgomery Village. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $347,553.

With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $219 / sq.feet, with an average $250 / sq.feet price in Montgomery Village. The properties with the highest average prices have 1 bedroom. They are 40 % more expensive than the average followed by properties with 2 bedrooms with a price at $289 / sq.feet.

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $529,942 it is 45 % cheaper than the average price in Montgomery Village. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $588,562 it is 13 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $221 / sq.feet followed by "Townhouse" priced at $261 / sq.feet. "Commercial" is the most costly type of property with a $45,577 / sq.feet cost followed by "Office" with an average price of $29,016 / sq.feet.