Is Montgomery County, TN 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, TN
How much do homes in Montgomery County, TN cost?
Median Sold Price
$309,915
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Montgomery County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $309,915 in May 2024, up 2.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142.5K | $200K | +40.4% |
| 2 Bedrooms | $215K | $225K | +4.6% |
| 3 Bedrooms | $279.9K | $290K | +3.6% |
| 4 Bedrooms | $365.2K | $374.9K | +2.6% |
| 5+ Bedrooms | $417.7K | $412.2K | -1.3% |
Summary: Montgomery County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.4%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Counties
| Dickson County | $343.2K | $357.9K | +4.3% |
| Robertson County | $379.4K | $389.9K | +2.8% |
| Cheatham County | $375K | $384.8K | +2.6% |
| Montgomery County | $303.2K | $309.9K | +2.2% |
Housing Supply in Montgomery County, TN
How many homes are available in Montgomery County, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,949 | 1,968 | +1.0% |
Summary: The Montgomery County real estate market had 1,968 homes for sale in May 2024, a 1.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 136 | 128 | -5.9% |
| 3 Bedrooms | 1,145 | 1,156 | +1.0% |
| 4 Bedrooms | 527 | 535 | +1.5% |
| 5+ Bedrooms | 139 | 147 | +5.8% |
Summary: The Montgomery County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 5.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 372 | 445 | +19.6% |
Asking Price vs. Sold Price
132 Homes Were Sold
Under Asking
256 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery County, expect to pay close to the asking price. 57.5% of homes here sold near the asking price last month.
Summary: A total of 445 homes were sold or pending in Montgomery County in May 2024, up by 19.6% month-over-month. Of the 445 sold homes, 30% were sold under asking, 58% were sold at asking, and 13% were sold over asking.
Days on Market for Montgomery County, TN
How long does it take to sell a home in Montgomery County, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 36 Days | -3.0% |
Summary: Homes in Montgomery County had an average of 36 days on market in May 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
278 Homes Were Sold
Under 30 Days
113 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 445 homes were sold in Montgomery County; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listings displayed are the property of the Western Kentucky Regional MLS (WKMLS) and provided here for consumer's personal, non-commercial use, and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Each potential buyer is responsible for conducting his or her own independent inspections,investigations, measurements, inquiries and due diligence concerning the property. Although all information contained herein is believed to be accurate, the Real Estate Broker and the Seller of the property make no warranty or guarantee, actual or implied. Copyright 2024 Western Kentucky Regional MLS, Inc.