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 March 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

$356,050

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$16,279(-4.4%)

Key Takeaway

Homes in Southeast Montgomery have sold for 4.4% less than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $162.5K$155K
-4.6%
2 $271.8K$284.5K
+4.7%
3 $307.2K$299.9K
-2.4%
4 $409.6K$399.9K
-2.4%
5+ $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
+34.4%
Southeast Montgomery
-4.4%
Oak Ridge North
-5.3%
Woodloch
-6.5%

Housing Supply in Southeast Montgomery, TX

How many homes are available in Southeast Montgomery, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2,0642,415+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

# BEDSFeb 2024Mar 2024CHANGE
1 1115
+36.4%
2 8790
+3.4%
3 774922
+19.1%
4 9871,118
+13.3%
5+ 205270
+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 2024Mar 2024CHANGE
404443+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast Montgomery, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
60 Days49 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

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 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.

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 Southeast Montgomery, TX

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