Is Montgomery County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, TN
How much do homes in Montgomery County, TN cost?
Median Sold Price
$309,900
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Montgomery County was $309,900 in June 2024, up 3.3% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146.2K | $215K | +47.0% |
2 Bedrooms | $216K | $222.5K | +3.0% |
3 Bedrooms | $279.9K | $293.7K | +4.9% |
4 Bedrooms | $367.9K | $374.7K | +1.9% |
5+ Bedrooms | $415K | $410K | -1.2% |
Summary: Montgomery County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Counties
Cheatham County | $370K | $385K | +4.1% |
Dickson County | $346.9K | $359.9K | +3.7% |
Montgomery County | $300K | $309.9K | +3.3% |
Robertson County | $379.8K | $388K | +2.2% |
Housing Supply in Montgomery County, TN
How many homes are available in Montgomery County, TN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,987 | 1,901 | -4.3% |
Summary: The Montgomery County real estate market had 1,901 homes for sale in June 2024, a 4.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 132 | 125 | -5.3% |
3 Bedrooms | 1,166 | 1,088 | -6.7% |
4 Bedrooms | 539 | 537 | -0.4% |
5+ Bedrooms | 148 | 149 | +0.7% |
Summary: The Montgomery County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 0.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
475 | 364 | -23.4% |
Asking Price vs. Sold Price
122 Homes Were Sold
Under Asking
182 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Summary: A total of 364 homes were sold or pending in Montgomery County in June 2024, down by 23.4% month-over-month. Of the 356 sold homes, 34% were sold under asking, 51% were sold at asking, and 15% were sold over asking.
Days on Market for Montgomery County, TN
How long does it take to sell a home in Montgomery County, TN?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
27 Days | 31 Days | +15.9% |
Summary: Homes in Montgomery County had an average of 31 days on market in Jun 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
234 Homes Were Sold
Under 30 Days
95 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During June 2024, 364 homes were sold in Montgomery County; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.