Is Montgomery County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, TX
How much do homes in Montgomery County, TX cost?
Median Sold Price
$364,181
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montgomery County was $364,181 in March 2024, down 2.6% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.5K | $170K | +13.0% |
2 Bedrooms | $231.5K | $255K | +10.2% |
3 Bedrooms | $311.7K | $304.8K | -2.2% |
4 Bedrooms | $429.8K | $420.2K | -2.2% |
5+ Bedrooms | $684.3K | $649.9K | -5.0% |
Summary: Montgomery County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Counties
Liberty County | $270K | $278.5K | +3.2% |
Harris County | $315K | $317.7K | +0.9% |
Montgomery County | $373.9K | $364.1K | -2.6% |
Walker County | $280.7K | $273.1K | -2.7% |
San Jacinto County | $259K | $250K | -3.5% |
Housing Supply in Montgomery County, TX
How many homes are available in Montgomery County, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,616 | 4,257 | +17.7% |
Summary: The Montgomery County real estate market had 4,257 homes for sale in March 2024, a 17.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 44 | 49 | +11.4% |
2 Bedrooms | 190 | 216 | +13.7% |
3 Bedrooms | 1,452 | 1,734 | +19.4% |
4 Bedrooms | 1,578 | 1,802 | +14.2% |
5+ Bedrooms | 352 | 456 | +29.5% |
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 11.4%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 29.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
636 | 724 | +13.8% |
Asking Price vs. Sold Price
454 Homes Were Sold
Under Asking
182 Homes Were Sold
At Asking
86 Homes Were Sold
Over Asking
Summary: A total of 724 homes were sold or pending in Montgomery County in March 2024, up by 13.8% month-over-month. Of the 722 sold homes, 63% were sold under asking, 25% were sold at asking, and 12% were sold over asking.
Days on Market for Montgomery County, TX
How long does it take to sell a home in Montgomery County, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 56 Days | -9.1% |
Summary: Homes in Montgomery County had an average of 56 days on market in Mar 2024, down by 9.1% compared to last year.
Breakdown of Home Sale Times
360 Homes Were Sold
Under 30 Days
202 Homes Were Sold
In 30 - 90 Days
162 Homes Were Sold
Over 90 Days
Summary: During March 2024, 724 homes were sold in Montgomery County; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.