Real Estate Market Update for 20886 (Montgomery Village, MD)
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was up 6% from one year earlier, and down 11% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold increased 74% year-over-year, and increased 74% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 20886 (Montgomery Village, MD)
Area Information for 20886 (Montgomery Village, MD)
  • Population: 33,590
  • Median Age: 34.47 yr
  • Median Commute Time: 30.35 mins
  • Educational Climate*: 5
  • Sales Tax: 6%
  • Population Density: 7,137/sq mi
  • Population Change Since 2000: 7.82%
  • Closest Airport: Washington Dulles International
  • Closest College: Griggs University
  • Closest Jr. College: Montgomery College-germantown
  • Median Household Income: $82,559
  • Annual Residential Turnover: 17.12%
  • Median Years in Residence: 4.07 yr
  • Median Home Sales Price: $201,000
  • Closest Major Sports Team: Washington Capitals
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 20886 (Montgomery Village, MD)
Median Age: 34.47 Married: 31% Number of Households: 11,930 Households with Children: 4,743
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 20886 (Montgomery Village, MD)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Watkins Mill High School 0.6 mi Public 9-12 2 3
      Whetstone Elementary School 0.8 mi Public PRESCHOOL-5 1 3
      Living Grace Christian School 0.9 mi Private K-10 0 0
      Montgomery Village Middle School 0.9 mi Public 6-8 1 4
      Stedwick Elementary School 1.0 mi Public PRESCHOOL-5 1 4
      Watkins Mill Elementary School 1.3 mi Public PRESCHOOL-5 1 3
      Village Montessori School Inc 1.5 mi Private PRESCHOOL-K 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 20886 (Montgomery Village, MD)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.