$3,562 Closing Credit*
$299,999
3 SqFt
3 Beds
•2 Full Baths, 1 Partial
Logan Fletcher, Listing Office: Wildwood Management, LLC
Is Montgomery County, TN 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montgomery County, TN
How much do homes in Montgomery County, TN cost?
Median Sold Price
$313,039
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,914(+4.3%)
Key Takeaway
Homes in Montgomery County have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Montgomery County was $313,039 in November 2024, up 4.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $195K | +18.2% |
| 2 Bedrooms | $220K | $220K | 0.0% |
| 3 Bedrooms | $282.8K | $295.1K | +4.4% |
| 4 Bedrooms | $365K | $378.2K | +3.6% |
| 5+ Bedrooms | $416K | $409.9K | -1.5% |
Summary: Montgomery County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Counties
| Cheatham County | $368.5K | $400.2K | +8.6% |
| Montgomery County | $300.1K | $313K | +4.3% |
| Dickson County | $349K | $361.5K | +3.6% |
| Robertson County | $379.9K | $387K | +1.9% |
Housing Supply in Montgomery County, TN
How many homes are available in Montgomery County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,723 | 1,722 | -0.1% |
Summary: The Montgomery County real estate market had 1,722 homes for sale in November 2024, a 0.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 106 | 103 | -2.8% |
| 3 Bedrooms | 1,017 | 987 | -2.9% |
| 4 Bedrooms | 458 | 482 | +5.2% |
| 5+ Bedrooms | 140 | 148 | +5.7% |
Summary: The Montgomery County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 320 | 233 | -27.2% |
Asking Price vs. Sold Price
87 Homes Were Sold
Under Asking
117 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery County, expect to pay close to the asking price. 50.6% of homes here sold near the asking price last month.
Summary: A total of 233 homes were sold or pending in Montgomery County in November 2024, down by 27.2% month-over-month. Of the 231 sold homes, 38% were sold under asking, 51% were sold at asking, and 12% were sold over asking.
Days on Market for Montgomery County, TN
How long does it take to sell a home in Montgomery County, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 48 Days | +67.0% |
Summary: Homes in Montgomery County had an average of 48 days on market in Nov 2024, up by 67% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
43 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 233 homes were sold in Montgomery County; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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