Is Montgomery, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Montgomery was a Seller's Market.
Housing Prices in Montgomery, TX
How much do homes in Montgomery, TX cost?
Median Sold Price
$400,118
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montgomery was $400,118 in May 2024, up 0.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $179K | $160K | -10.6% |
2 Bedrooms | $232K | $236.5K | +1.9% |
3 Bedrooms | $335.2K | $349.5K | +4.2% |
4 Bedrooms | $491.4K | $515.1K | +4.8% |
5+ Bedrooms | $704.8K | $792.5K | +12.4% |
Summary: Montgomery housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in Montgomery, TX
How many homes are available in Montgomery, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
913 | 1,018 | +11.5% |
Summary: The Montgomery real estate market had 1,018 homes for sale in May 2024, a 11.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 30 | +7.1% |
2 Bedrooms | 90 | 94 | +4.4% |
3 Bedrooms | 367 | 410 | +11.7% |
4 Bedrooms | 318 | 359 | +12.9% |
5+ Bedrooms | 110 | 125 | +13.6% |
Summary: The Montgomery housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 13.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
176 | 158 | -10.2% |
Asking Price vs. Sold Price
108 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 158 homes were sold or pending in Montgomery in May 2024, down by 10.2% month-over-month. Of the 158 sold homes, 68% were sold under asking, 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 55 Days | -4.4% |
Summary: Homes in Montgomery had an average of 55 days on market in May 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
55 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During May 2024, 158 homes were sold in Montgomery; 44% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.