Is Montgomery County, AL 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, Montgomery County has remained a Seller's Market.
Housing Prices in Montgomery County, AL
How much do homes in Montgomery County, AL cost?
Median Sold Price
$174,984
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery County was $174,984 in April 2024, up 0.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165.9K | $150K | -9.6% |
2 Bedrooms | $119.9K | $96.9K | -19.2% |
3 Bedrooms | $147.4K | $146.5K | -0.6% |
4 Bedrooms | $264.7K | $269.9K | +2.0% |
5+ Bedrooms | $414K | $396K | -4.3% |
Summary: Montgomery County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Counties
Elmore County | $250.7K | $254.7K | +1.6% |
Montgomery County | $173.7K | $174.9K | +0.7% |
Housing Supply in Montgomery County, AL
How many homes are available in Montgomery County, AL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
927 | 986 | +6.4% |
Summary: The Montgomery County real estate market had 986 homes for sale in April 2024, a 6.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 72 | 80 | +11.1% |
3 Bedrooms | 456 | 478 | +4.8% |
4 Bedrooms | 318 | 335 | +5.3% |
5+ Bedrooms | 77 | 87 | +13.0% |
Summary: The Montgomery County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
203 | 192 | -5.4% |
Asking Price vs. Sold Price
107 Homes Were Sold
Under Asking
56 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 192 homes were sold or pending in Montgomery County in April 2024, down by 5.4% month-over-month. Of the 192 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% were sold over asking.
Days on Market for Montgomery County, AL
How long does it take to sell a home in Montgomery County, AL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
80 Days | 80 Days | -0.9% |
Summary: Homes in Montgomery County had an average of 80 days on market in Apr 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
88 Homes Were Sold
In 30 - 90 Days
52 Homes Were Sold
Over 90 Days
Summary: During April 2024, 192 homes were sold in Montgomery County; 27% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.