Is Montgomery County, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Montgomery County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Montgomery County, NC cost?

Median Sold Price

$222,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$47,500(+27.1%)

Key Takeaway

Homes in Montgomery County have sold for 27.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $66K$90K
+36.4%
2 $160K$151.9K
-5.0%
3 $226K$275K
+21.7%
4 $328.7K$295.5K
-10.1%
5+ $636.5K$516K
-18.9%

Median Sold Price Compared To Nearby Counties

Moore County
+28.2%
Montgomery County
+27.1%
Stanly County
+20.5%
Randolph County
+12.5%

How many homes are available in Montgomery County, NC?

Number of Homes For Sale

Oct 2022Nov 2022%
9881-17.3%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 1817
-5.6%
2 2217
-22.7%
3 4539
-13.3%
4 96
-33.3%
5+ 42
-50.0%

Number of Homes Sold

Oct 2022Nov 2022%
3020-33.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days36 Days+16.3%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Montgomery County, NC

There are 81 homes are for sale in Montgomery County, NC real estate market. The inventory of homes for sale in Montgomery County, NC between October 2022 and November 2022 decreased by 17.3%. In November 2022, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $222,500. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 36.4%, 2 bedrooms properties became 5% more cheaper, prices of 3 bedrooms properties increased by 21.7%, 4 bedrooms properties became 10.1% more cheaper, the cost of 5 bedrooms properties went down by 18.9%. Housing inventory have changed in this real estate market: number of 1 bedroom homes decreased by 5.6%, volume of 2 bedrooms homes went down by 22.7%, number of 3 bedrooms homes decreased by 13.3%, the quantity of 4 bedrooms homes went down by 33.3%, 5 bedrooms homes inventory decreased by 50%. In November 2022 more than 3 listings in Montgomery County, NC were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 15 were sold below.

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