Is Montgomery County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Montgomery County was a Seller's Market.
Housing Prices in Montgomery County, NC
How much do homes in Montgomery County, NC cost?
Median Sold Price
$228,250
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Montgomery County was $228,250 in March 2024, up 8.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119.8K | $90K | -24.9% |
2 Bedrooms | $150K | $132.5K | -11.6% |
3 Bedrooms | $276K | $245K | -11.2% |
4 Bedrooms | $287.5K | $350K | +21.7% |
5+ Bedrooms | $518.7K | $410K | -21.0% |
Summary: Montgomery County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Counties
Richmond County | $153.7K | $169.9K | +10.5% |
Stanly County | $273.1K | $299.9K | +9.8% |
Montgomery County | $210.7K | $228.2K | +8.3% |
Randolph County | $239.1K | $255K | +6.6% |
Moore County | $420.1K | $444.9K | +5.9% |
Housing Supply in Montgomery County, NC
How many homes are available in Montgomery County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 104 | +14.3% |
Summary: The Montgomery County real estate market had 104 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 48 | 53 | +10.4% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The Montgomery County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 8%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 17 | -10.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Montgomery County in March 2024, down by 10.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.
Days on Market for Montgomery County, NC
How long does it take to sell a home in Montgomery County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 61 Days | -24.9% |
Summary: Homes in Montgomery County had an average of 61 days on market in Mar 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Montgomery County; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.