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

Housing Market Conditions



Gauge showing Montgomery is a seller's market


Difference Since August 2022

Since last year, Montgomery has remained a Seller's Market.

Key Takeaway

Montgomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Montgomery, GA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Montgomery have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in Montgomery was $685,000 in August 2023, up 13.3% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
2 $424.9K$469.5K
3 $538.3K$625K
4 $745K$820K
5+ $1.1M$1.0M

Summary: Montgomery housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 10.9%.

Median Sold Price Compared To Nearby Cities

Tybee Island-Wilmington Island

Housing Supply

How many homes are available in Montgomery, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Montgomery real estate market had 104 homes for sale in August 2023, a 7.2% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 35
3 5052
4 3637
5+ 810

Summary: The Montgomery housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Montgomery in August 2023, down by 23.5% month-over-month. Of the 26 sold homes, 50% were sold under asking, 19% were sold at asking, and 31% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
2 Days3 Days+20.0%

Summary: Homes in Montgomery had an average of 3 days on market in Aug 2023, up by 20% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Montgomery are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 26 homes were sold in Montgomery; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 27 Days Ago

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Nearby Markets

What housing markets are near Montgomery, GA?