Is Montgomery County, TN 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 January 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, TN

How much do homes in Montgomery County, TN cost?

Median Sold Price

$304,902

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$79(0%)

Key Takeaway

The sold price of homes in Montgomery County has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $150K$170K
+13.3%
2 $210K$220.5K
+5.0%
3 $279.9K$285K
+1.8%
4 $367.2K$365.6K
-0.5%
5+ $414.4K$417.5K
+0.7%

Summary: Montgomery County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Counties

Robertson County
+1.6%
Dickson County
+0.6%
Montgomery County
0%
Cheatham County
-0.2%

Housing Supply in Montgomery County, TN

How many homes are available in Montgomery County, TN?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1,5001,439-4.1%

Summary: The Montgomery County real estate market had 1,439 homes for sale in January 2024, a 4.1% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 109104
-4.6%
3 879837
-4.8%
4 411389
-5.4%
5+ 100108
+8.0%

Summary: The Montgomery County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
276217-21.4%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

116 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery County, expect to pay close to the asking price. 53.5% of homes here sold near the asking price last month.

Summary: A total of 217 homes were sold or pending in Montgomery County in January 2024, down by 21.4% month-over-month. Of the 217 sold homes, 39% were sold under asking, 53% were sold at asking, and 8% 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

Jan 2023Jan 2024CHANGE
34 Days51 Days+50.1%

Summary: Homes in Montgomery County had an average of 51 days on market in Jan 2024, up by 50.1% compared to last year.

Breakdown of Home Sale Times

92 Homes Were Sold
Under 30 Days

88 Homes Were Sold
In 30 - 90 Days

37 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 January 2024, 217 homes were sold in Montgomery County; 42% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 17% 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 26 Days Ago

Newest Listings in Montgomery County, TN

Nearby Markets to Montgomery County, TN

What housing markets are near Montgomery County, TN?