Is Montgomery, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Montgomery was a Seller's Market.
Housing Prices in Montgomery, TX
How much do homes in Montgomery, TX cost?
Median Sold Price
$395,298
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montgomery was $395,298 in March 2024, up 9.4% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165.6K | $175K | +5.6% |
2 Bedrooms | $252.4K | $238K | -5.7% |
3 Bedrooms | $319.4K | $340.6K | +6.6% |
4 Bedrooms | $435.1K | $500.9K | +15.1% |
5+ Bedrooms | $664.4K | $790K | +18.9% |
Summary: Montgomery housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 18.9%.
Housing Supply in Montgomery, TX
How many homes are available in Montgomery, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
734 | 883 | +20.3% |
Summary: The Montgomery real estate market had 883 homes for sale in March 2024, a 20.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 29 | +7.4% |
2 Bedrooms | 80 | 93 | +16.3% |
3 Bedrooms | 291 | 359 | +23.4% |
4 Bedrooms | 260 | 309 | +18.8% |
5+ Bedrooms | 76 | 93 | +22.4% |
Summary: The Montgomery housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.4%, 2 bedroom homes increased by 16.3%, 3 bedroom homes increased by 23.4%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 22.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
111 | 125 | +12.6% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Montgomery in March 2024, up by 12.6% month-over-month. Of the 125 sold homes, 70% were sold under asking, 19% were sold at asking, and 11% were sold over asking.
Days on Market for Montgomery, TX
How long does it take to sell a home in Montgomery, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 63 Days | +6.8% |
Summary: Homes in Montgomery had an average of 63 days on market in Mar 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During March 2024, 125 homes were sold in Montgomery; 46% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.