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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery is a seller's market

Buyer's
Market

Difference Since November 2020

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.

How much do homes in Montgomery, GA cost?

Median Sold Price

$497,130

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$82,030(+19.8%)

Key Takeaway

Homes in Montgomery have sold for 19.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $1.0M-
N/A
2 $287K$340K
+18.5%
3 $385.7K$460K
+19.2%
4 $502K$565K
+12.5%
5+ $900K$725K
-19.4%

Median Sold Price Compared To Nearby Cities

Montgomery
+19.8%
Tybee Island-Wilmington Island
+15.6%
Savannah
+13.6%

How many homes are available in Montgomery, GA?

Number of Homes For Sale

Oct 2021Nov 2021%
129116-10.1%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 75
-28.6%
3 6762
-7.5%
4 4033
-17.5%
5+ 1516
+6.7%

Number of Homes Sold

Oct 2021Nov 2021%
4238-9.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

12 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. 45.9% of homes here sold below asking price last month.

Average Sale Time

Nov 2020Nov 2021%
16 Days89 Days+442.4%

Breakdown of Home Sale Times

1 Home Was 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

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

About Montgomery, GA

Homes for sale in Montgomery, GA have reached 116. Between October 2021 and November 2021, Montgomery, GA real estate market has seen decrease in the number of listings by 10.1%. While the average time on the market in November 2021 was 89 days, the median list price was $497,130. From October 2021 through November 2021, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 18.5%, prices of 3 bedrooms properties increased by 19.2%, prices of 4 bedrooms properties went up by 12.5%, 5 bedrooms properties became 19.4% more cheaper. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 28.6%, 3 bedrooms homes became 7.5% less available, 4 bedrooms homes inventory decreased by 17.5%, volume of 5 bedrooms homes went up by 6.7%. Over 12 listings were sold over their listed price in November 2021 in Montgomery, GA. In the same period over 17 listings were sold below the listed price and 8 listings were sold for the listed price.

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