Is Montgomery County, TX 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, TX
How much do homes in Montgomery County, TX cost?
Median Sold Price
$364,072
$171/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 $364,072 in May 2024, down 0.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $161K | $157K | -2.5% |
2 Bedrooms | $232.7K | $255K | +9.6% |
3 Bedrooms | $306.8K | $305.4K | -0.5% |
4 Bedrooms | $418.5K | $420.4K | 0.4% |
5+ Bedrooms | $649.8K | $667.8K | +2.8% |
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 2.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Counties
Harris County | $314.9K | $319.9K | +1.6% |
Walker County | $276.7K | $275K | -0.6% |
Montgomery County | $366.5K | $364K | -0.7% |
Liberty County | $279.9K | $276K | -1.4% |
San Jacinto County | $275K | $245K | -10.9% |
Housing Supply in Montgomery County, TX
How many homes are available in Montgomery County, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4,734 | 5,503 | +16.2% |
Summary: The Montgomery County real estate market had 5,503 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 47 | 51 | +8.5% |
2 Bedrooms | 233 | 250 | +7.3% |
3 Bedrooms | 1,878 | 2,183 | +16.2% |
4 Bedrooms | 2,102 | 2,474 | +17.7% |
5+ Bedrooms | 474 | 545 | +15.0% |
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 8.5%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
923 | 976 | +5.7% |
Asking Price vs. Sold Price
583 Homes Were Sold
Under Asking
237 Homes Were Sold
At Asking
154 Homes Were Sold
Over Asking
Summary: A total of 976 homes were sold or pending in Montgomery County in May 2024, up by 5.7% month-over-month. Of the 974 sold homes, 60% were sold under asking, 24% were sold at asking, and 16% were sold over asking.
Days on Market for Montgomery County, TX
How long does it take to sell a home in Montgomery County, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 46 Days | +0.5% |
Summary: Homes in Montgomery County had an average of 46 days on market in May 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
523 Homes Were Sold
Under 30 Days
295 Homes Were Sold
In 30 - 90 Days
158 Homes Were Sold
Over 90 Days
Summary: During May 2024, 976 homes were sold in Montgomery County; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.