Montgomery County Home Prices & Values

$417,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.4% 1-year change
  • 0.4% 1-year forecast

The median home value in Montgomery County is $417,700. Montgomery County home values have gone up 4.4% over the past year and Zillow predicts they will rise 0.4% within the next year. The median list price per square foot in Montgomery County is $246, which is higher than the Washington Metro average of $210. The median price of homes currently listed in Montgomery County is $449,000 while the median price of homes that sold is $432,900. The median rent price in Montgomery County is $1,930, which is lower than the Washington Metro median of $1,950.

Foreclosures will be a factor impacting home values in the next several years. In Montgomery County 3.9 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 3.8 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Montgomery County is 7.7%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Montgomery County homeowners underwater on their mortgage is 15.4%, which is lower than Washington Metro at 19.3%.

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Relative ZHVI
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Montgomery County Market Overview

Data through Jul 31, 2014
  • $417,700 ZHVI
  • 0.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $449,000 Median listing price
  • $432,900 Median sale price
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Montgomery County Market Health

Data through Jul 31, 2014
  • 2.3/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 79 Average days on Zillow (Jun 30, 2014)
  • 15.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.9 homes Montgomery County
3.8 homes Washington Metro
4.4 homes United States
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Cities in Montgomery County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Travilah $1,242,700 Potomac $867,200 North Potomac $635,800
Derwood $463,300 Rockville $461,100 North Bethesda $418,000
Gaithersburg $344,000 Germantown $289,300 Montgomery Village $245,200

Listings & Sales

Data through Jul 31, 2014
  • $246 Median list price / sq ft
  • $258 Median sale price / sq ft
  • 41.4% Listings with price cut
18.1%
Sold below listing
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Montgomery County Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,284 Montgomery County
$2,071 Washington Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,930 Rent list price
  • $1.72 Rent list price / sq ft
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