Is Southeast Montgomery, 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, Southeast Montgomery has remained a Seller's Market.
Housing Prices in Southeast Montgomery, TX
How much do homes in Southeast Montgomery, TX cost?
Median Sold Price
$356,050
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Southeast Montgomery was $356,050 in March 2024, down 4.4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $162.5K | $155K | -4.6% |
2 Bedrooms | $271.8K | $284.5K | +4.7% |
3 Bedrooms | $307.2K | $299.9K | -2.4% |
4 Bedrooms | $409.6K | $399.9K | -2.4% |
5+ Bedrooms | $663.4K | $637.8K | -3.9% |
Summary: Southeast Montgomery housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 4.7%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
Shenandoah | $379K | $509.2K | +34.4% |
Southeast Montgomery | $372.3K | $356K | -4.4% |
Oak Ridge North | $370K | $350.4K | -5.3% |
Woodloch | $288.9K | $270K | -6.5% |
Housing Supply in Southeast Montgomery, TX
How many homes are available in Southeast Montgomery, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,064 | 2,415 | +17.0% |
Summary: The Southeast Montgomery real estate market had 2,415 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 87 | 90 | +3.4% |
3 Bedrooms | 774 | 922 | +19.1% |
4 Bedrooms | 987 | 1,118 | +13.3% |
5+ Bedrooms | 205 | 270 | +31.7% |
Summary: The Southeast Montgomery housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 31.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
404 | 443 | +9.7% |
Asking Price vs. Sold Price
274 Homes Were Sold
Under Asking
112 Homes Were Sold
At Asking
55 Homes Were Sold
Over Asking
Summary: A total of 443 homes were sold or pending in Southeast Montgomery in March 2024, up by 9.7% month-over-month. Of the 441 sold homes, 62% were sold under asking, 25% were sold at asking, and 12% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 49 Days | -18.1% |
Summary: Homes in Southeast Montgomery had an average of 49 days on market in Mar 2024, down by 18.1% compared to last year.
Breakdown of Home Sale Times
241 Homes Were Sold
Under 30 Days
118 Homes Were Sold
In 30 - 90 Days
84 Homes Were Sold
Over 90 Days
Summary: During March 2024, 443 homes were sold in Southeast Montgomery; 54% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.