Is Montgomery County, TX 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 December 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, TX cost?

Median Sold Price

$375,015

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$38,701(+11.5%)

Key Takeaway

Homes in Montgomery County have sold for 11.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $124K$149.9K
+20.9%
2 $198.2K$231.7K
+16.9%
3 $270.2K$311.7K
+15.4%
4 $385K$433.9K
+12.7%
5+ $627.2K$699K
+11.4%

Median Sold Price Compared To Nearby Counties

Walker County
+16.0%
Montgomery County
+11.5%
Harris County
+10.2%
Liberty County
+6.5%
San Jacinto County
+3.0%

How many homes are available in Montgomery County, TX?

Number of Homes For Sale

Nov 2022Dec 2022%
2,5892,652+2.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 3129
-6.5%
2 145143
-1.4%
3 1,0281,054
+2.5%
4 1,0781,129
+4.7%
5+ 307297
-3.3%

Number of Homes Sold

Nov 2022Dec 2022%
548511-6.8%

Asking Price vs. Sold Price

334 Homes Were Sold
Under Asking

84 Homes Were Sold
At Asking

92 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. 65.5% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
24 Days43 Days+76.0%

Breakdown of Home Sale Times

271 Homes Were Sold
Under 30 Days

171 Homes Were Sold
In 30 - 90 Days

68 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, TX

Number of homes for sale in Montgomery County, TX real estate market have reached 2,652. In December 2022 in Montgomery County, TX there were 2.4% more homes for sale than in November 2022. While the average time on the market in December 2022 was 43 days, the median list price was $375,015. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 20.9%, 2 bedrooms properties became 16.9% more expensive, the cost of 3 bedrooms properties went up by 15.4%, 4 bedrooms properties prices increased by 12.7%, prices of 5 bedrooms properties increased by 11.4%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes decreased by 6.5%, volume of 2 bedrooms homes went down by 1.4%, volume of 3 bedrooms homes went up by 2.5%, 4 bedrooms homes became 4.7% more available, the quantity of 5 bedrooms homes went down by 3.3%. Montgomery County, TX housing market in December 2022 saw over 92 listings sold above listed price, more than 84 sold at listed price and over 334 sold below.

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