Is Montgomery, TX 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 has remained a Seller's Market.
Housing Prices in Montgomery, TX
How much do homes in Montgomery, TX cost?
Median Sold Price
$396,948
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery was $396,948 in April 2024, up 4.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $172.9K | +1.7% |
2 Bedrooms | $269.9K | $236.5K | -12.4% |
3 Bedrooms | $325K | $344.6K | +6.0% |
4 Bedrooms | $446.4K | $517.3K | +15.9% |
5+ Bedrooms | $731.6K | $787.5K | +7.6% |
Summary: Montgomery housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 7.6%.
Housing Supply in Montgomery, TX
How many homes are available in Montgomery, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
824 | 965 | +17.1% |
Summary: The Montgomery real estate market had 965 homes for sale in April 2024, a 17.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 29 | +31.8% |
2 Bedrooms | 81 | 97 | +19.8% |
3 Bedrooms | 334 | 380 | +13.8% |
4 Bedrooms | 297 | 345 | +16.2% |
5+ Bedrooms | 90 | 114 | +26.7% |
Summary: The Montgomery housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.8%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 26.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 168 | +24.4% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 168 homes were sold or pending in Montgomery in April 2024, up by 24.4% month-over-month. Of the 168 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Montgomery, TX
How long does it take to sell a home in Montgomery, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 64 Days | +7.7% |
Summary: Homes in Montgomery had an average of 64 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
45 Homes Were Sold
Over 90 Days
Summary: During April 2024, 168 homes were sold in Montgomery; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.