Is Southeast 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, Southeast Montgomery has remained a Seller's Market.
Key Takeaway
Southeast Montgomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Montgomery, TX
How much do homes in Southeast Montgomery, TX cost?
Median Sold Price
$356,653
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southeast Montgomery have sold for 4% less than they did a year ago.
Summary: The median home sold price in Southeast Montgomery was $356,653 in April 2024, down 4% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | $154K | -5.2% |
| 2 Bedrooms | $271.6K | $284K | +4.6% |
| 3 Bedrooms | $306K | $299.9K | -2.0% |
| 4 Bedrooms | $409.6K | $400.3K | -2.3% |
| 5+ Bedrooms | $650.6K | $637K | -2.1% |
Summary: Southeast Montgomery housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Shenandoah | $379K | $472.5K | +24.7% |
| Southeast Montgomery | $371.4K | $356.6K | -4.0% |
| Oak Ridge North | $380K | $350.4K | -7.8% |
Housing Supply in Southeast Montgomery, TX
How many homes are available in Southeast Montgomery, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2,286 | 2,644 | +15.7% |
Summary: The Southeast Montgomery real estate market had 2,644 homes for sale in April 2024, a 15.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 89 | 98 | +10.1% |
| 3 Bedrooms | 864 | 1,003 | +16.1% |
| 4 Bedrooms | 1,067 | 1,244 | +16.6% |
| 5+ Bedrooms | 252 | 285 | +13.1% |
Summary: The Southeast Montgomery housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes increased by 13.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 486 | 513 | +5.6% |
Asking Price vs. Sold Price
314 Homes Were Sold
Under Asking
105 Homes Were Sold
At Asking
94 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Montgomery, you may be able to get a good deal. 61.2% of homes here sold below asking price last month.
Summary: A total of 513 homes were sold or pending in Southeast Montgomery in April 2024, up by 5.6% month-over-month. Of the 513 sold homes, 61% were sold under asking, 20% were sold at asking, and 18% were sold over asking.
Days on Market for Southeast Montgomery, TX
How long does it take to sell a home in Southeast Montgomery, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 55 Days | 39 Days | -28.1% |
Summary: Homes in Southeast Montgomery had an average of 39 days on market in Apr 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
313 Homes Were Sold
Under 30 Days
127 Homes Were Sold
In 30 - 90 Days
73 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Montgomery are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 513 homes were sold in Southeast Montgomery; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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