$3,527 Closing Credit*
$297,000
2,111 SqFt
4 Beds
•2 Full Baths
Shakelya Y. McKinney, Listing Office: ERA Weeks & Browning Realty
Is Montgomery County, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Montgomery County was a Seller's Market.
Key Takeaway
Montgomery County 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 County, AL
How much do homes in Montgomery County, AL cost?
Median Sold Price
$181,705
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,705(+3.8%)
Key Takeaway
Homes in Montgomery County have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $181,705 in October 2024, up 3.8% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $121.5K | -24.1% |
| 2 Bedrooms | $119.4K | $96.9K | -18.9% |
| 3 Bedrooms | $149.9K | $153.9K | +2.7% |
| 4 Bedrooms | $267.6K | $273.7K | +2.3% |
| 5+ Bedrooms | $402.4K | $387.5K | -3.7% |
Summary: Montgomery County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Counties
| Montgomery County | $175K | $181.7K | +3.8% |
| Elmore County | $252.3K | $260.4K | +3.2% |
Housing Supply in Montgomery County, AL
How many homes are available in Montgomery County, AL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,073 | 1,169 | +8.9% |
Summary: The Montgomery County real estate market had 1,169 homes for sale in October 2024, a 8.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 77 | 86 | +11.7% |
| 3 Bedrooms | 544 | 600 | +10.3% |
| 4 Bedrooms | 361 | 383 | +6.1% |
| 5+ Bedrooms | 87 | 95 | +9.2% |
Summary: The Montgomery County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 9.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 189 | 192 | +1.6% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery County, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.
Summary: A total of 192 homes were sold or pending in Montgomery County in October 2024, up by 1.6% month-over-month. Of the 192 sold homes, 52% were sold under asking, 30% were sold at asking, and 18% were sold over asking.
Days on Market for Montgomery County, AL
How long does it take to sell a home in Montgomery County, AL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 66 Days | +12.6% |
Summary: Homes in Montgomery County had an average of 66 days on market in Oct 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
92 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Montgomery County has remained consistent over time.
Summary: During October 2024, 192 homes were sold in Montgomery County; 30% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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