Home Values

Montgomery Village Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$241,200

  • 2.3% 1-year change
  • -0.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Montgomery Village is $241,200. Montgomery Village home values have gone up 2.3% over the past year and Zillow predicts they will fall -0.4% within the next year. The median list price per square foot in Montgomery Village is $166, which is lower than the Washington Metro average of $207. The median price of homes currently listed in Montgomery Village is $246,750 while the median price of homes that sold is $244,900. The median rent price in Montgomery Village is $1,500, which is lower than the Washington Metro median of $1,900.

Foreclosures will be a factor impacting home values in the next several years. In Montgomery Village 2.9 homes are foreclosed (per 10,000). This is greater than the Washington Metro value of 2.1 and also lower than the national value of 4.0

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 Village is 9.4%, 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 Village homeowners underwater on their mortgage is 28.8%, which is higher than Washington Metro at 19.3%.

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Relative ZHVI
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Montgomery Village Market Overview

Data through Sep 30, 2014
  • $241,200 ZHVI
  • -0.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $246,750 Median listing price
  • $244,900 Median sale price
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Montgomery Village Market Health

Data through Sep 30, 2014
  • 1.3/10 Less healthy
    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.
  • No data Average days on Zillow
  • 28.8% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.4% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.9 homes Montgomery Village
2.1 homes Washington Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
North Potomac $619,100
Boyds $589,300
Rockville $461,100
Name Median ZHVI
Derwood $458,200
Olney $453,000
Clarksburg $420,100
Name Median ZHVI
Damascus $346,300
Gaithersburg $343,000
Germantown $288,000

Listings & Sales

Data through Sep 30, 2014
  • $166 Median list price / sq ft
  • $172 Median sale price / sq ft
  • 44.1% Listings with price cut
16.1%
Sold below listing
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Montgomery Village Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $1,718 Montgomery Village
    $2,093 Washington Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • $1.30 Rent list price / sq ft
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