Is Southeast Montgomery, 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, Southeast Montgomery has remained a Seller's Market.
Key Takeaway
Southeast Montgomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Montgomery, TX
How much do homes in Southeast Montgomery, TX cost?
Median Sold Price
$355,279
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southeast Montgomery have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Southeast Montgomery was $355,279 in May 2024, down 2.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163.5K | $150K | -8.3% |
| 2 Bedrooms | $265K | $279.5K | +5.5% |
| 3 Bedrooms | $303.4K | $299.9K | -1.1% |
| 4 Bedrooms | $401.7K | $400.2K | -0.4% |
| 5+ Bedrooms | $635K | $647.4K | +2.0% |
Summary: Southeast Montgomery housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Cities
| Shenandoah | $379K | $538K | +42.0% |
| Oak Ridge North | $370.5K | $362.5K | -2.2% |
| Southeast Montgomery | $364.8K | $355.2K | -2.6% |
Housing Supply in Southeast Montgomery, TX
How many homes are available in Southeast Montgomery, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2,651 | 3,108 | +17.2% |
Summary: The Southeast Montgomery real estate market had 3,108 homes for sale in May 2024, a 17.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 13 | -13.3% |
| 2 Bedrooms | 92 | 106 | +15.2% |
| 3 Bedrooms | 995 | 1,195 | +20.1% |
| 4 Bedrooms | 1,283 | 1,483 | +15.6% |
| 5+ Bedrooms | 266 | 311 | +16.9% |
Summary: The Southeast Montgomery housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 555 | 594 | +7.0% |
Asking Price vs. Sold Price
334 Homes Were Sold
Under Asking
150 Homes Were Sold
At Asking
107 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Montgomery, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 594 homes were sold or pending in Southeast Montgomery in May 2024, up by 7.0% month-over-month. Of the 591 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Southeast Montgomery, TX
How long does it take to sell a home in Southeast Montgomery, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 42 Days | +2.7% |
Summary: Homes in Southeast Montgomery had an average of 42 days on market in May 2024, up by 2.7% compared to last year.
Breakdown of Home Sale Times
339 Homes Were Sold
Under 30 Days
175 Homes Were Sold
In 30 - 90 Days
80 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Montgomery are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 594 homes were sold in Southeast Montgomery; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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