Is Montgomery, IN 47558 a buyer’s or seller’s market?
Montgomery is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Montgomery housing market right now
In the three months ending August 31, 2026, 0% of homes in Montgomery, IN 47558 sold above their list price, the typical home went under contract in 18 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (33 days then) and the median sale price fell 18% to $214,907. Overall, Montgomery is more competitive than a year ago, so tougher for buyers.
Within Daviess County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Plainville 47568 (50% sold over asking) and Washington 47501 (13% sold over asking) are even more competitive.
Run the numbers for 47558
Nearby markets
Cannelburg 47519Seller’s market $175 /sq ftElnora 47529 $165 /sq ftOdon 47562Seller’s market $157 /sq ftPlainville 47568Seller’s market $99 /sq ft Browse all markets →Towns like Montgomery nearby
Find towns like Montgomery in other states →Where Montgomery is
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Questions about Montgomery real estate
Is Montgomery a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Montgomery, IN 47558 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Montgomery?
The typical home went under contract in 18 days in the latest three months.
Do homes in Montgomery sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.
What are property taxes in Montgomery?
About 0.69% of a home’s value a year in Daviess County, or roughly $2,760 on a $400,000 home.
What is the median home price in Montgomery?
The median sale price was $214,907 in the three months ending August 31, 2026, about $76 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology