Is Montezuma, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montezuma is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Montezuma has remained a Buyer's Market.

Key Takeaway

Montezuma is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Montezuma, GA

How much do homes in Montezuma, GA cost?

Median Sold Price

$275,000

$74/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$125,000(+83.3%)

Key Takeaway

Homes in Montezuma have sold for 83.3% more than they did a month ago.

Summary: The median home sold price in Montezuma was $275,000 in October 2024, up 83.3% from last month, and the median price per square foot was $74.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $150K-
N/A
4 --
N/A
5+ -$275K
N/A

Summary: Montezuma housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Montezuma, GA

How many homes are available in Montezuma, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1317+30.8%

Summary: The Montezuma real estate market had 17 homes for sale in October 2024, a 30.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 78
+14.3%
4 35
+66.7%
5+ 23
+50.0%

Summary: The Montezuma housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montezuma, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Montezuma in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Montezuma, GA

How long does it take to sell a home in Montezuma, GA?

Average Sale Time

Sep 2024Oct 2024CHANGE
19 Days129 Days+578.9%

Summary: Homes in Montezuma had an average of 129 days on market in Oct 2024, up by 578.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Montezuma are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Montezuma; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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