Is Montgomery County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, AR
How much do homes in Montgomery County, AR cost?
Median Sold Price
$265,000
$192/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Montgomery County was $265,000 in May 2024, up 22.7% from last month, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $90K | $226K | +151.1% |
3 Bedrooms | $212K | $733.7K | +246.1% |
4 Bedrooms | $570K | - | N/A |
5+ Bedrooms | $850K | $650K | -23.5% |
Summary: Montgomery County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 151.1%, 3 bedroom homes increased by 246.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Counties
Montgomery County | $216K | $265K | +22.7% |
Garland County | $285K | $283.5K | -0.5% |
Hot Spring County | $150K | $142.4K | -5.0% |
Polk County | $185K | $170K | -8.1% |
Pike County | $270K | $189.5K | -29.8% |
Housing Supply in Montgomery County, AR
How many homes are available in Montgomery County, AR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 28 | -12.5% |
Summary: The Montgomery County real estate market had 28 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Montgomery County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Montgomery County in May 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Montgomery County, AR
We’re sorry, we don't have information for this market at the moment