$1,841 Closing Credit*
$155,000
1,407 SqFt
3 Beds
•2 Full Baths
Laura W. Morris, Listing Office: Realty Central
Is Montgomery, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Montgomery was a Seller's Market.
Key Takeaway
Montgomery is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Montgomery, AL
How much do homes in Montgomery, AL cost?
Median Sold Price
$180,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,130(+2.9%)
Key Takeaway
Homes in Montgomery have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Montgomery was $180,000 in November 2024, up 2.9% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $73.2K | -56.3% |
| 2 Bedrooms | $111K | $99.9K | -10.0% |
| 3 Bedrooms | $148.6K | $154.9K | +4.3% |
| 4 Bedrooms | $269.1K | $269K | 0% |
| 5+ Bedrooms | $383.4K | $387.5K | +1.1% |
Summary: Montgomery housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 56.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Hope Hull | $119.5K | $197K | +64.9% |
| Pike Road | $353.5K | $379.9K | +7.5% |
| Montgomery | $174.8K | $180K | +2.9% |
| Mount Meigs | $304.9K | $306.1K | 0.4% |
Housing Supply in Montgomery, AL
How many homes are available in Montgomery, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,104 | 1,102 | -0.2% |
Summary: The Montgomery real estate market had 1,102 homes for sale in November 2024, a 0.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 79 | 74 | -6.3% |
| 3 Bedrooms | 577 | 583 | +1.0% |
| 4 Bedrooms | 356 | 351 | -1.4% |
| 5+ Bedrooms | 88 | 89 | +1.1% |
Summary: The Montgomery housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 208 | 168 | -19.2% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 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 168 homes were sold or pending in Montgomery in November 2024, down by 19.2% month-over-month. Of the 168 sold homes, 57% were sold under asking, 30% were sold at asking, and 14% were sold over asking.
Days on Market for Montgomery, AL
How long does it take to sell a home in Montgomery, AL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 74 Days | +7.3% |
Summary: Homes in Montgomery had an average of 74 days on market in Nov 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
78 Homes Were Sold
In 30 - 90 Days
49 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Montgomery has remained consistent over time.
Summary: During November 2024, 168 homes were sold in Montgomery; 24% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2024 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
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