Is Montgomery, GA 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.
Key Takeaway
Montgomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montgomery, GA
How much do homes in Montgomery, GA cost?
Median Sold Price
$733,750
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Montgomery have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Montgomery was $733,750 in April 2024, up 11.1% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $255K | N/A |
| 2 Bedrooms | $421.7K | $574.5K | +36.2% |
| 3 Bedrooms | $582.5K | $695K | +19.3% |
| 4 Bedrooms | $789.5K | $827.5K | +4.8% |
| 5+ Bedrooms | $1.1M | $1.0M | -11.4% |
Summary: Montgomery housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.2%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Savannah | $299.8K | $354K | +18.1% |
| Montgomery | $660.3K | $733.7K | +11.1% |
| Tybee Island-Wilmington Island | $434.1K | $450K | +3.6% |
Housing Supply in Montgomery, GA
How many homes are available in Montgomery, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 137 | 133 | -2.9% |
Summary: The Montgomery real estate market had 133 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 69 | 60 | -13.0% |
| 4 Bedrooms | 43 | 49 | +14.0% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 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 decreased by 14.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 14%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 30 | -16.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Montgomery in April 2024, down by 16.7% month-over-month. Of the 30 sold homes, 53% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for Montgomery, GA
We’re sorry, we don't have information for this market at the moment
Based on information from the Georgia MLS © 2024. 
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.