Is Southeast Montgomery, 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, 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
$359,612
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Southeast Montgomery has remained the same since last year.
Summary: The median home sold price in Southeast Montgomery was $359,612 in June 2024, down 0.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.5K | $150K | -8.3% |
| 2 Bedrooms | $267.5K | $279.5K | +4.5% |
| 3 Bedrooms | $300K | $299.9K | 0% |
| 4 Bedrooms | $399.9K | $406.8K | +1.7% |
| 5+ Bedrooms | $622.2K | $649.5K | +4.4% |
Summary: Southeast Montgomery housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Shenandoah | $379K | $507.5K | +33.9% |
| Oak Ridge North | $355K | $370K | +4.2% |
| Southeast Montgomery | $361.3K | $359.6K | -0.5% |
Housing Supply in Southeast Montgomery, TX
How many homes are available in Southeast Montgomery, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 2,938 | 3,177 | +8.1% |
Summary: The Southeast Montgomery real estate market had 3,177 homes for sale in June 2024, a 8.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 20 | +42.9% |
| 2 Bedrooms | 97 | 104 | +7.2% |
| 3 Bedrooms | 1,127 | 1,191 | +5.7% |
| 4 Bedrooms | 1,407 | 1,532 | +8.9% |
| 5+ Bedrooms | 293 | 330 | +12.6% |
Summary: The Southeast Montgomery housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 12.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 670 | 580 | -13.4% |
Asking Price vs. Sold Price
305 Homes Were Sold
Under Asking
161 Homes Were Sold
At Asking
111 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Montgomery, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 580 homes were sold or pending in Southeast Montgomery in June 2024, down by 13.4% month-over-month. Of the 577 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 38 Days | 40 Days | +4.5% |
Summary: Homes in Southeast Montgomery had an average of 40 days on market in Jun 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
353 Homes Were Sold
Under 30 Days
147 Homes Were Sold
In 30 - 90 Days
80 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Montgomery are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 580 homes were sold in Southeast Montgomery; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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