$523 Closing Credit*
$44,000
2,000 SqFt
3 Beds
•2 Full Baths
Michael Stroup, Listing Office: Harris And Atkins Real Estate
Is Montgomery County, 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 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
$183,929
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,813(+5.0%)
Key Takeaway
Homes in Montgomery County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $183,929 in November 2024, up 5% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $73.2K | -54.2% |
| 2 Bedrooms | $111K | $100.9K | -9.1% |
| 3 Bedrooms | $149.3K | $156.3K | +4.6% |
| 4 Bedrooms | $270.4K | $273.9K | +1.3% |
| 5+ Bedrooms | $385.7K | $395K | +2.4% |
Summary: Montgomery County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.2%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Counties
| Montgomery County | $175.1K | $183.9K | +5.0% |
| Elmore County | $252.9K | $264.1K | +4.4% |
Housing Supply in Montgomery County, AL
How many homes are available in Montgomery County, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,122 | 1,123 | 0.1% |
Summary: The Montgomery County real estate market had 1,123 homes for sale in November 2024, a 0.1% increase 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 | 587 | 594 | +1.2% |
| 4 Bedrooms | 361 | 358 | -0.8% |
| 5+ Bedrooms | 91 | 92 | +1.1% |
Summary: The Montgomery County 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 1.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 209 | 170 | -18.7% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
23 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. 55.9% of homes here sold below asking price last month.
Summary: A total of 170 homes were sold or pending in Montgomery County in November 2024, down by 18.7% month-over-month. Of the 170 sold homes, 56% were sold under asking, 31% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 69 Days | 74 Days | +6.8% |
Summary: Homes in Montgomery County had an average of 74 days on market in Nov 2024, up by 6.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
79 Homes Were Sold
In 30 - 90 Days
49 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Montgomery County has remained consistent over time.
Summary: During November 2024, 170 homes were sold in Montgomery County; 25% 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.
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