Is Montgomery County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Montgomery County has remained a Seller's Market.
Key Takeaway
Montgomery County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Montgomery County, AL
How much do homes in Montgomery County, AL cost?
Median Sold Price
$176,250
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Montgomery County have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $176,250 in May 2024, up 0.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $150K | -18.9% |
| 2 Bedrooms | $120K | $92.9K | -22.5% |
| 3 Bedrooms | $150K | $149.1K | -0.6% |
| 4 Bedrooms | $267.9K | $272.9K | +1.8% |
| 5+ Bedrooms | $409K | $375.2K | -8.3% |
Summary: Montgomery County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 22.5%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Counties
| Elmore County | $250K | $256.3K | +2.5% |
| Montgomery County | $174.9K | $176.2K | +0.7% |
Housing Supply in Montgomery County, AL
How many homes are available in Montgomery County, AL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 976 | 1,048 | +7.4% |
Summary: The Montgomery County real estate market had 1,048 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 75 | 80 | +6.7% |
| 3 Bedrooms | 478 | 514 | +7.5% |
| 4 Bedrooms | 328 | 356 | +8.5% |
| 5+ Bedrooms | 89 | 94 | +5.6% |
Summary: The Montgomery County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 203 | 209 | +3.0% |
Asking Price vs. Sold Price
120 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery County, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.
Summary: A total of 209 homes were sold or pending in Montgomery County in May 2024, up by 3.0% month-over-month. Of the 209 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Montgomery County, AL
How long does it take to sell a home in Montgomery County, AL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 75 Days | +7.8% |
Summary: Homes in Montgomery County had an average of 75 days on market in May 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
89 Homes Were Sold
In 30 - 90 Days
56 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Montgomery County has remained consistent over time.
Summary: During May 2024, 209 homes were sold in Montgomery County; 31% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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