Montgomery County Home Prices & Values

$266,300 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

  • 3.2% 1-year change
  • 2.6% 1-year forecast

The median home value in Montgomery County is $266,300. Montgomery County home values have gone up 3.2% over the past year and Zillow predicts they will rise 2.6% within the next year. The median list price per square foot in Montgomery County is $151, which is higher than the Philadelphia Metro average of $134. The median price of homes currently listed in Montgomery County is $279,900 while the median price of homes that sold is $260,858. The median rent price in Montgomery County is $1,400, which is the same as the Philadelphia Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Montgomery County 2.8 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 3.3 and also lower than the national value of 4.3

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 5.8%, which is lower than the national value of 7.2%. 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 14.2%, which is lower than Philadelphia Metro at 20.9%.

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Relative ZHVI
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Montgomery County Market Overview

Data through Jun 30, 2014
  • $266,300 ZHVI
  • 2.6% 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

    (Jun 30, 2015)
  • $279,900 Median listing price
  • $260,858 Median sale price
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Montgomery County Market Health

Data through Jun 30, 2014
  • 4.4/10 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.

  • 98 Average of days on Zillow (May 31, 2014)
  • 14.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.8% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.8 homes Montgomery County
3.3 homes Philadelphia Metro
4.3 homes United States
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Cities in Montgomery County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Lower Salford Township $419,900 Worcester $406,000 Skippack Township $342,800
Towamencin Township $312,300 Evansburg $280,900 Trooper $279,700
East Norriton $243,000 Kulpsville $236,900 Eagleville $230,900

Listings & Sales

Data through Jun 30, 2014
  • $151 Median list price / sq ft
  • $149 Median sale price / sq ft
  • 43.0% Listings with price cut
21.0%
Sold below listing
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Montgomery County Rentals

Data through Jun 30, 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
$1,815 Montgomery County
$1,532 Philadelphia Metro
$1,310 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)
  • $1,400 Rent list price
  • $1.16 Rent list price / sq ft
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