Is Montrose, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Montrose has remained a Seller's Market.
Housing Prices in Montrose, TX
How much do homes in Montrose, TX cost?
Median Sold Price
$611,250
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montrose was $611,250 in April 2024, down 0.3% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $217K | $217.5K | 0.2% |
2 Bedrooms | $395K | $420K | +6.3% |
3 Bedrooms | $640.1K | $649.9K | +1.5% |
4 Bedrooms | $870K | $974K | +12.0% |
5+ Bedrooms | $918.8K | $1.3M | +41.5% |
Summary: Montrose housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 41.5%.
Median Sold Price Compared To Nearby Neighborhoods
Midtown | $345K | $380.3K | +10.2% |
Fourth Ward | $375K | $403.5K | +7.6% |
Montrose | $612.9K | $611.2K | -0.3% |
Magnolia Grove | $515K | $501K | -2.7% |
Housing Supply in Montrose, TX
How many homes are available in Montrose, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
275 | 328 | +19.3% |
Summary: The Montrose real estate market had 328 homes for sale in April 2024, a 19.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 32 | -8.6% |
2 Bedrooms | 62 | 74 | +19.4% |
3 Bedrooms | 110 | 140 | +27.3% |
4 Bedrooms | 61 | 73 | +19.7% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Montrose housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.6%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 73 | +49.0% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Montrose in April 2024, up by 49.0% month-over-month. Of the 73 sold homes, 68% were sold under asking, 10% were sold at asking, and 22% were sold over asking.
Days on Market for Montrose, TX
How long does it take to sell a home in Montrose, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 27 Days | -55.0% |
Summary: Homes in Montrose had an average of 27 days on market in Apr 2024, down by 55% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 73 homes were sold in Montrose; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.