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 neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Montgomery County was a Seller's Market.

Key Takeaway

Montgomery County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Montgomery County, NC

How much do homes in Montgomery County, NC cost?

Median Sold Price

$228,250

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,500(+8.3%)

Key Takeaway

Homes in Montgomery County have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Montgomery County was $228,250 in March 2024, up 8.3% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $119.8K$90K
-24.9%
2 $150K$132.5K
-11.6%
3 $276K$245K
-11.2%
4 $287.5K$350K
+21.7%
5+ $518.7K$410K
-21.0%

Summary: Montgomery County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 21%.

Median Sold Price Compared To Nearby Counties

Richmond County
+10.5%
Stanly County
+9.8%
Montgomery County
+8.3%
Randolph County
+6.6%
Moore County
+5.9%

Housing Supply in Montgomery County, NC

How many homes are available in Montgomery County, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
91104+14.3%

Summary: The Montgomery County real estate market had 104 homes for sale in March 2024, a 14.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 811
+37.5%
2 2523
-8.0%
3 4853
+10.4%
4 69
+50.0%
5+ 48
+100.0%

Summary: The Montgomery County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1917-10.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

5 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. 52.9% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Montgomery County in March 2024, down by 10.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.

Days on Market for Montgomery County, NC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
82 Days61 Days-24.9%

Summary: Homes in Montgomery County had an average of 61 days on market in Mar 2024, down by 24.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 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.

Summary: During March 2024, 17 homes were sold in Montgomery County; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% 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 15 Days Ago

Newest Listings in Montgomery County, NC

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