Is Montgomery County, 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 County has remained a Seller's Market.
Housing Prices in Montgomery County, TX
How much do homes in Montgomery County, TX cost?
Median Sold Price
$364,570
$170/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 $364,570 in April 2024, down 2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $153K | $162K | +5.9% |
2 Bedrooms | $232.8K | $255K | +9.5% |
3 Bedrooms | $309.9K | $305.4K | -1.5% |
4 Bedrooms | $429.1K | $420.2K | -2.1% |
5+ Bedrooms | $677.2K | $657.6K | -2.9% |
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 5.9%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Counties
Harris County | $314.1K | $319.6K | +1.8% |
Liberty County | $274.4K | $276.7K | +0.8% |
Montgomery County | $371.8K | $364.5K | -2.0% |
Walker County | $282.2K | $273.6K | -3.1% |
San Jacinto County | $265K | $245K | -7.5% |
Housing Supply in Montgomery County, TX
How many homes are available in Montgomery County, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,042 | 4,668 | +15.5% |
Summary: The Montgomery County real estate market had 4,668 homes for sale in April 2024, a 15.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 49 | +22.5% |
2 Bedrooms | 201 | 237 | +17.9% |
3 Bedrooms | 1,630 | 1,854 | +13.7% |
4 Bedrooms | 1,742 | 2,034 | +16.8% |
5+ Bedrooms | 429 | 494 | +15.2% |
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 22.5%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 15.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
791 | 850 | +7.5% |
Asking Price vs. Sold Price
525 Homes Were Sold
Under Asking
180 Homes Were Sold
At Asking
145 Homes Were Sold
Over Asking
Summary: A total of 850 homes were sold or pending in Montgomery County in April 2024, up by 7.5% month-over-month. Of the 850 sold homes, 62% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Montgomery County, TX
How long does it take to sell a home in Montgomery County, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 46 Days | -14.0% |
Summary: Homes in Montgomery County had an average of 46 days on market in Apr 2024, down by 14% compared to last year.
Breakdown of Home Sale Times
470 Homes Were Sold
Under 30 Days
233 Homes Were Sold
In 30 - 90 Days
147 Homes Were Sold
Over 90 Days
Summary: During April 2024, 850 homes were sold in Montgomery County; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.