Homes for Sale in Montgomery Village
Homes for Sale in Montgomery Village

Available in Montgomery Village, MD

Sold Listings

Montgomery Village, MD

Montgomery Village, MD Real Estate

Guide to Homes for Sale in Montgomery Village

Denny's Restaurant in Montgomery Village, Maryland
Einstein Bros. Bagels in Montgomery Village, Maryland

Located about 30 miles to the north of Washington, DC is the unincorporated Maryland town of Montgomery Village. Situated within Montgomery County, this area is a large planned suburban community that was developed in the 1960s and 70s. It is located just outside of the limits of Gaithersburg, providing residents and visitors with access to the best attractions in the area.

Montgomery Village is home to many rolling green hills, scenic regional parks, various lakes and cherry blossom trees. Montgomery Village also offers an abundant array of housing options. Because of this, the community is a popular destination for a variety of homebuyers.

Things to Do in Montgomery Village

Lakeforest Mall, on the southern end of town features around 160 different stores amidst 1,045,000 square feet of retail space and two floors. The Lakeforest Mall was also one of the first in the nation to feature an indoor ice skating rink. Retailers at the mall include Charlotte Russe, The Children's Place, Foot Locker, H&M, JCPenney, Macy's, and much more. There are also many different types of dining options at the mall including a Red Robin Gourmet Burgers and a Ruby Tuesday.

Locals who want to enjoy the great outdoors head to Seneca Creek State Park. This park is made up of 6,300 acres and extends along 14 scenic miles of the Seneca Creek. The Clopper Day-Use Area contains many scenic areas, including Clopper Lake, which is 90 acres in size and is surrounded by forests and fields. Picnicking, boat rentals, trails and a tire playground are just some of the park’s recreational amenities. Also close to the park is the Schaeffer Farm Trail Area, which provides visitors with 12 miles of marked trails for hiking and mountain biking. If you’re looking for even more adventure, the 16.5-mile Seneca Creek Greenway Trail follows the entire course of the Seneca Creek.

Making Your Home in Montgomery Village

While Washington, DC and its suburbs are known for commercialization, Montgomery Village is much more secluded and peaceful than most. In and around the neighborhood are many different shopping, dining, recreational and entertainment attractions that make this suburban community one of a kind. Not only do residents and visitors have easy access to the larger city, but they also have easy access to the scenic landscapes and outdoor recreational amenities of the immediate area.

Real Estate Market Stats

Basic Stats Overview

Data Source: MRIS Listing Data, Last Updated: 12/17/2018
Y/Y
Homes for Sale 146 +19.9%
Months Inventory 5.94 +80.0%
Contracts Pending 90 -33.3%
Solds: 90 Day 194 -41.8%
Average List Price/Sold Price 99.57% +0.3%
Active/Pending Ratio 1.62 +39.5%
Average Price Y/Y
Active $343,654 +5.2%
Pending $305,322 +6.9%
90 Day Sold $309,201 +4.8%
Median Price
Active $319,900 +9.3%
Pending $294,900 +4.2%
90 Day Sold $304,000 +4.0%
Days on Market
Active 72.97 +1.7%
Pending 68.80 +41.2%
90 Day Sold 56.89 +48.6%
Y/Y
Homes for Sale 51 +37.3%
Months Inventory 5.77 +79.9%
Contracts Pending 26 -38.5%
Solds: 90 Day 63 -6.3%
Average List Price/Sold Price 99.70% +0.5%
Active/Pending Ratio 1.96 +54.6%
Average Price Y/Y
Active $490,003 -3.3%
Pending $438,462 +6.2%
90 Day Sold $437,884 +2.0%
Median Price
Active $464,000 -3.9%
Pending $419,900 -0.5%
90 Day Sold $435,000 +5.7%
Days on Market
Active 83.06 -33.3%
Pending 64.59 +29.9%
90 Day Sold 61.92 +39.5%
Y/Y
Homes for Sale 76 +11.8%
Months Inventory 6.47 +81.8%
Contracts Pending 54 -14.8%
Solds: 90 Day 97 -70.1%
Average List Price/Sold Price 99.45% +0.1%
Active/Pending Ratio 1.41 +23.4%
Average Price Y/Y
Active $293,519 +1.4%
Pending $277,389 +4.8%
90 Day Sold $284,528 +0.5%
Median Price
Active $289,900 +3.4%
Pending $275,000 +7.3%
90 Day Sold $286,000 +0.3%
Days on Market
Active 70.43 +15.2%
Pending 73.79 +45.6%
90 Day Sold 54.92 +53.8%
Y/Y
Homes for Sale 19 +5.3%
Months Inventory 4.75 +72.6%
Contracts Pending 10 -120.0%
Solds: 90 Day 34 -26.5%
Average List Price/Sold Price 99.53% +0.6%
Active/Pending Ratio 1.90 +56.8%
Average Price Y/Y
Active $151,363 +7.7%
Pending $133,961 +0.8%
90 Day Sold $141,152 +8.8%
Median Price
Active $134,900 -3.0%
Pending $140,000 +7.2%
90 Day Sold $134,500 +10.8%
Days on Market
Active 56.05 +16.1%
Pending 54.83 +38.6%
90 Day Sold 53.21 +41.0%

How Much is Available?

Data Source: MRIS Listing Data, Active Inventory
The number of Homes for Sale in Montgomery Village homes listed for sale. Lower inventory favors sellers in negotiations.

How Many Months of Inventory?

Data Source: MRIS Listing Data, Months Inventory
The number of homes listed for sale in Homes for Sale in Montgomery Village divided by the number of homes sold in one month. Higher inventory favors buyers.

More Actives or More Pendings?

Data Source: MRIS Listing Data, Active/Pending Ratio
Ratio of homes in Homes for Sale in Montgomery Village listed for sale versus those under contract. The lower the number, the hotter the market.

Are Sellers Negotiating?

Data Source: MRIS Listing Data, List/Sold Ratio
Shows a comparison between the final sales price of homes sold in Homes for Sale in Montgomery Village versus their list price.

What is Average?

Data Source: MRIS Listing Data, Average Sale Price (90 Days)
Average list price of homes for sale in Homes for Sale in Montgomery Village

How Fast Are They Selling?

Data Source: MRIS Listing Data, Days on Market (Sold Listings 90 Days)
Average days from Listing Date to Sold Date for Homes for Sale in Montgomery Village homes that sold in the past 90 days.

Insight

The east side of town

Gaithersburg is divided into east and west Gaithersburg which is split by I-270. The eastern section of the city is older and includes the historic central business district of Gaithersburg called "Olde Town". It also includes Lake Forest Mall and the Montgomery County Fair grounds. The east side of the city is the business and job center for the region. The east side also includes Montgomery Village (which is a town of it's own). One of the earliest planned communities, it continues to mature and grow. Gaithersburg is the nation's leader in the biotechnology field located right in the middle of the Montgomery County Technology Corridor.

John MacArthur John MacArthur Realtor

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