Is Montgomery, GA 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 has remained a Seller's Market.
Housing Prices in Montgomery, GA
How much do homes in Montgomery, GA cost?
Median Sold Price
$750,000
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montgomery was $750,000 in May 2024, up 11.2% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $255K | N/A |
2 Bedrooms | $430K | $585K | +36.0% |
3 Bedrooms | $589.5K | $720K | +22.1% |
4 Bedrooms | $801K | $830K | +3.6% |
5+ Bedrooms | $1.1M | $1.2M | +4.3% |
Summary: Montgomery housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Montgomery | $674.4K | $750K | +11.2% |
Savannah | $323.1K | $354.9K | +9.8% |
Tybee Island-Wilmington Island | $443.9K | $451.2K | +1.6% |
Housing Supply in Montgomery, GA
How many homes are available in Montgomery, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
135 | 149 | +10.4% |
Summary: The Montgomery real estate market had 149 homes for sale in May 2024, a 10.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 60 | 69 | +15.0% |
4 Bedrooms | 50 | 60 | +20.0% |
5+ Bedrooms | 18 | 15 | -16.7% |
Summary: The Montgomery housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 47 | +42.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Montgomery in May 2024, up by 42.4% month-over-month. Of the 47 sold homes, 55% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for Montgomery, GA
We’re sorry, we don't have information for this market at the moment