Is Southeast Montgomery, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast Montgomery is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Southeast Montgomery has remained a Seller's Market.

Key Takeaway

Southeast Montgomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southeast Montgomery, TX

How much do homes in Southeast Montgomery, TX cost?

Median Sold Price

$355,279

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$9,577(-2.6%)

Key Takeaway

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

Summary: The median home sold price in Southeast Montgomery was $355,279 in May 2024, down 2.6% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $163.5K$150K
-8.3%
2 $265K$279.5K
+5.5%
3 $303.4K$299.9K
-1.1%
4 $401.7K$400.2K
-0.4%
5+ $635K$647.4K
+2.0%

Summary: Southeast Montgomery housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Shenandoah
+42.0%
Oak Ridge North
-2.2%
Southeast Montgomery
-2.6%

Housing Supply in Southeast Montgomery, TX

How many homes are available in Southeast Montgomery, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2,6513,108+17.2%

Summary: The Southeast Montgomery real estate market had 3,108 homes for sale in May 2024, a 17.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1513
-13.3%
2 92106
+15.2%
3 9951,195
+20.1%
4 1,2831,483
+15.6%
5+ 266311
+16.9%

Summary: The Southeast Montgomery housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 16.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
555594+7.0%

Asking Price vs. Sold Price

334 Homes Were Sold
Under Asking

150 Homes Were Sold
At Asking

107 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast Montgomery, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Summary: A total of 594 homes were sold or pending in Southeast Montgomery in May 2024, up by 7.0% month-over-month. Of the 591 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.

Days on Market for Southeast Montgomery, TX

How long does it take to sell a home in Southeast Montgomery, TX?

Average Sale Time

May 2023May 2024CHANGE
41 Days42 Days+2.7%

Summary: Homes in Southeast Montgomery had an average of 42 days on market in May 2024, up by 2.7% compared to last year.

Breakdown of Home Sale Times

339 Homes Were Sold
Under 30 Days

175 Homes Were Sold
In 30 - 90 Days

80 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southeast Montgomery are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 594 homes were sold in Southeast Montgomery; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% 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 19 Days Ago

Newest Listings in Southeast Montgomery, TX

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