Real Estate Market Update for Montgomery Village, MD
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 5% from one year earlier and up 16% from the previous month This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month... was just over 270-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 29% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 250-thousand dollars. The number of units sold Increased 7% year-over-year and Decreased 27% month-over-month Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.
Map Information for Montgomery Village, MD
Area Information for Montgomery Village, MD
  • Population: 32,347
  • Median Age: 38.42 yr
  • Median Commute Time: 30.46 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 117
  • Sales Tax: 6%
  • Population Density: 7,975/sq mi
  • Population Change Since 2000: 7%
  • Closest Airport: Washington Dulles International
  • Closest College: Yeshiva College Nations Capit
  • Closest Jr. College: Montgomery College
  • Median Household Income: $80,815
  • Annual Residential Turnover: 17.37%
  • Median Years in Residence: 4.01 yr
  • Median Home Sales Price: $185,000
  • Closest Major Sports Team: Frederick Keys (a)
  • Change Avg. Household Income Since 2000: 24%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for Montgomery Village, MD
Median Age: 38.42 Married: 41% Number of Households: 11,759 Households with Children: 4,524
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 Montgomery Village, MD

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Village Montessori School 0.2 mi Private PRESCHOOL-K 0 5
      Mother Of God School 0.8 mi Catholic PRESCHOOL-8 0 4
      Goshen Elementary School 0.8 mi Public PRESCHOOL-5 3 4
      Living Grace Christian School 0.9 mi Private K-10 0 0
      Strawberry Knoll Elementary School 1.2 mi Public PRESCHOOL-5 3-5 4
      Judith A. Resnik Elementary School 1.2 mi Public PRESCHOOL-5 2-5 4
      Church Of The Redeemer Christian 1.3 mi Private PRESCHOOL-8 0 5
      Whetstone Elementary School 1.6 mi Public PRESCHOOL-5 2 3
      Flower Hill Elementary School 1.7 mi Public PRESCHOOL-5 2 4
      The Jefferson School 2.1 mi Private PRESCHOOL-K 0 0
      Montgomery Village Middle School 2.2 mi Public 6-8 2-5 4
      Watkins Mill High School 2.2 mi Public 9-12 2-5 3
      Forest Oak Middle School 2.3 mi Public 6-8 3 4
      Laytonsville Elementary School 2.3 mi Public K-5 4-5 4
      South Lake Elementary School 2.4 mi Public PRESCHOOL-5 2 3
      Covenant Life School 2.5 mi Private K-12 0 5
      Stedwick Elementary School 2.5 mi Public PRESCHOOL-5 2-5 4
      Watkins Mill Elementary School 2.5 mi Public PRESCHOOL-5 1 3
      The Foundation School Of Montgomery 2.9 mi Private 7-12 0 0
      Shady Grove Middle School 2.9 mi Public 6-8 3-5 4
      Gaithersburg Middle School 3.0 mi Public 6-8 3 3
      Gaithersburg Elementary School 3.0 mi Public PRESCHOOL-5 1 4
      Forbush School At Oakmont Upper School The 3.1 mi Private 6-12 0 0
      St. Martin's School 3.3 mi Catholic PRESCHOOL-8 0 4
      Gaithersburg High School 3.4 mi Public 9-12 3 3
      Washington Grove Elementary School 3.5 mi Public PRESCHOOL-5 4 4
      The Avalon School 3.5 mi Catholic K-12 0 0
      Yang Academy 3.7 mi Private 3-10 0 0
      Gaithersburg Presbyterian Preschool & Kdgn 3.8 mi Private PRESCHOOL-K 0 0
      Summit Hall Elementary School 3.8 mi Public PRESCHOOL-5 3 3
      Epworth Preschool And Kindergarten 4.0 mi Private PRESCHOOL-K 0 0
      Rosemont Elementary School 4.2 mi Public PRESCHOOL-5 2-5 4
      Marcia D Smith School 4.5 mi Private 12-12 0 0
      Woodfield Elementary School 5.0 mi Public K-5 4-5 5
      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 2014
      Local Weather for Montgomery Village, MD
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.