Montrose Housing Market Report December 2024•Susquehanna County, Pennsylvania

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Housing Prices in Montrose, PA

How much do homes in Montrose, PA cost?

Housing Market Conditions

Is Montrose, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Montrose is a Neutral Market

Difference Since December 2023

At the same time last year, Montrose was a Seller's Market.

Insight

Montrose is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$255,000$131/SqFt
+$25,000
+10.9%

Based on all homes sold in the last 12 months

Insight

Homes in Montrose have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Montrose was $255,000 in December 2024, up 10.9% from last year, and the median price per square foot was $131.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Montrose
+10.9%
Bridgewater Township
-14.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$96K$1.2M
+1150.0%
2$169.9K$135K
-20.5%
3$202.4K$235K
+16.1%
4$380K$267.5K
-29.6%
5$482K$355K
-26.3%

Summary: Montrose housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +1150.0%. The home price for 2 bedroom homes decreased by -20.5%. The home price for 3 bedroom homes increased by +16.1%. The home price for 4 bedroom homes decreased by -29.6%. The home price for 5 bedroom homes decreased by -26.3%.

Housing supply in Montrose, PA

How many homes are available in Montrose, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
12Last MonthDec 2024
142 months agoNov 2024
-14.3 %
Change MoMNov – Dec

Summary: The Montrose real estate market had 12 homes for sale in Dec 2024, a 14.3 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthDec 2024
52 months agoNov 2024
-60.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
110
-100.0%
200
0.0%
396
-33.3%
423
+50.0%
523
+50.0%

Summary: Montrose housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes increased by +50.0%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Montrose, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price1 Home

Under Asking Price0 Home

Insight

If you're buying a home in Montrose, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Montrose in December 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% were sold over asking.

Days on Market for Montrose, PA

How long does it take to sell a home in Montrose, PA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Montrose are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Montrose; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
6 DaysThis YearDec 2024
21 Days1 year agoDec 2023
-71.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Montrose had an average listing age of 6 days in Dec 2024, down by 71.4% compared to the previous year.

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Newest Listings in Montrose, PA

What homes are available in Montrose, PA?

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Nearby markets

Nearby markets aren't available for Montrose, PA

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MLS Disclaimers and Copyright

Based on information from Greater Scranton MLS, for the period 01/01/2023 - 01/01/2025

Information provided by the Greater Scranton Board of REALTORS® MLS. Information is for consumers personal noncommercial use, and may not be used for any purpose other than identifying properties which consumers may be interested in purchasing. Consult the specific municipality for permitted Zoning uses. IDX Listings courtesy of Greater Scranton MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 6:15:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.