Is Montgomery County, TN 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, TN
How much do homes in Montgomery County, TN cost?
Median Sold Price
$309,418
$179/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 $309,418 in April 2024, up 1.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $146.2K | $177.5K | +21.4% |
2 Bedrooms | $215K | $225K | +4.7% |
3 Bedrooms | $279.9K | $289.8K | +3.5% |
4 Bedrooms | $365.8K | $374.7K | +2.4% |
5+ Bedrooms | $415K | $416.6K | 0.4% |
Summary: Montgomery County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Counties
Dickson County | $344.9K | $358.5K | +3.9% |
Robertson County | $380.2K | $389.8K | +2.5% |
Montgomery County | $304.9K | $309.4K | +1.5% |
Cheatham County | $379.9K | $383.8K | +1.0% |
Housing Supply in Montgomery County, TN
How many homes are available in Montgomery County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,757 | 1,853 | +5.5% |
Summary: The Montgomery County real estate market had 1,853 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 116 | 132 | +13.8% |
3 Bedrooms | 1,047 | 1,102 | +5.3% |
4 Bedrooms | 466 | 481 | +3.2% |
5+ Bedrooms | 126 | 137 | +8.7% |
Summary: The Montgomery County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 8.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
344 | 360 | +4.7% |
Asking Price vs. Sold Price
120 Homes Were Sold
Under Asking
189 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Summary: A total of 360 homes were sold or pending in Montgomery County in April 2024, up by 4.7% month-over-month. Of the 360 sold homes, 33% were sold under asking, 53% were sold at asking, and 14% were sold over asking.
Days on Market for Montgomery County, TN
How long does it take to sell a home in Montgomery County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 41 Days | -3.1% |
Summary: Homes in Montgomery County had an average of 41 days on market in Apr 2024, down by 3.1% compared to last year.
Breakdown of Home Sale Times
219 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Summary: During April 2024, 360 homes were sold in Montgomery County; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.