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 March 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

$364,181

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$9,793(-2.6%)

Key Takeaway

Homes in Montgomery County have sold for 2.6% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $150.5K$170K
+13.0%
2 $231.5K$255K
+10.2%
3 $311.7K$304.8K
-2.2%
4 $429.8K$420.2K
-2.2%
5+ $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
+3.2%
Harris County
+0.9%
Montgomery County
-2.6%
Walker County
-2.7%
San Jacinto County
-3.5%

Housing Supply in Montgomery County, TX

How many homes are available in Montgomery County, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3,6164,257+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

# BEDSFeb 2024Mar 2024CHANGE
1 4449
+11.4%
2 190216
+13.7%
3 1,4521,734
+19.4%
4 1,5781,802
+14.2%
5+ 352456
+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 2024Mar 2024CHANGE
636724+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Montgomery County, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
61 Days56 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

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 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

Newest Listings in Montgomery County, TX

Nearby Markets to Montgomery County, TX

What housing markets are near Montgomery County, TX?