Is Montgomery County, NC 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.
Housing Prices in Montgomery County, NC
How much do homes in Montgomery County, NC cost?
Median Sold Price
$233,166
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Montgomery County was $233,166 in May 2024, up 8.6% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $95K | -17.4% |
2 Bedrooms | $163.5K | $139.5K | -14.7% |
3 Bedrooms | $264.9K | $262.5K | -0.9% |
4 Bedrooms | $302.5K | $310K | +2.5% |
5+ Bedrooms | $518.7K | $410K | -21.0% |
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 17.4%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Counties
Stanly County | $280K | $304.4K | +8.7% |
Montgomery County | $214.7K | $233.1K | +8.6% |
Moore County | $420.3K | $449.4K | +6.9% |
Richmond County | $159.2K | $170K | +6.8% |
Randolph County | $245.3K | $255K | +3.9% |
Housing Supply in Montgomery County, NC
How many homes are available in Montgomery County, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
116 | 125 | +7.8% |
Summary: The Montgomery County real estate market had 125 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 18 | +28.6% |
2 Bedrooms | 23 | 27 | +17.4% |
3 Bedrooms | 63 | 61 | -3.2% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Montgomery County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 17.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 25 | +13.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Montgomery County in May 2024, up by 13.6% month-over-month. Of the 25 sold homes, 68% were sold under asking, 12% were sold at asking, and 20% were sold over asking.
Days on Market for Montgomery County, NC
How long does it take to sell a home in Montgomery County, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
43 Days | 45 Days | +4.1% |
Summary: Homes in Montgomery County had an average of 45 days on market in May 2024, up by 4.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Montgomery County; 64% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.