Is Montgomery County, TX 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.
Key Takeaway
Montgomery County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montgomery County, TX
How much do homes in Montgomery County, TX cost?
Median Sold Price
$366,333
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Montgomery County has remained the same since last year.
Summary: The median home sold price in Montgomery County was $366,333 in June 2024, up 0.4% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $161K | $155K | -3.7% |
| 2 Bedrooms | $241.4K | $255K | +5.6% |
| 3 Bedrooms | $305.2K | $305.9K | 0.2% |
| 4 Bedrooms | $415.6K | $423K | +1.8% |
| 5+ Bedrooms | $652.6K | $663.1K | +1.6% |
Summary: Montgomery County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Harris County | $312.6K | $320K | +2.3% |
| Montgomery County | $364.8K | $366.3K | 0.4% |
| Liberty County | $275.2K | $275.9K | 0.2% |
| Walker County | $276K | $275.4K | -0.2% |
| San Jacinto County | $275K | $247.4K | -10.0% |
Housing Supply in Montgomery County, TX
How many homes are available in Montgomery County, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5,125 | 5,665 | +10.5% |
Summary: The Montgomery County real estate market had 5,665 homes for sale in June 2024, a 10.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 55 | +17.0% |
| 2 Bedrooms | 226 | 263 | +16.4% |
| 3 Bedrooms | 2,009 | 2,184 | +8.7% |
| 4 Bedrooms | 2,343 | 2,584 | +10.3% |
| 5+ Bedrooms | 500 | 579 | +15.8% |
Summary: The Montgomery County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,094 | 958 | -12.4% |
Asking Price vs. Sold Price
542 Homes Were Sold
Under Asking
251 Homes Were Sold
At Asking
163 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery County, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 958 homes were sold or pending in Montgomery County in June 2024, down by 12.4% month-over-month. Of the 956 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 46 Days | 43 Days | -4.9% |
Summary: Homes in Montgomery County had an average of 43 days on market in Jun 2024, down by 4.9% compared to last year.
Breakdown of Home Sale Times
542 Homes Were Sold
Under 30 Days
272 Homes Were Sold
In 30 - 90 Days
144 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 958 homes were sold in Montgomery County; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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