$184,900
1.73 Acres
Land
Emily Wilcox, Listing Office: Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South
Is Montgomery, TX 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 was a Seller's Market.
Key Takeaway
Montgomery is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Montgomery, TX
How much do homes in Montgomery, TX cost?
Median Sold Price
$417,431
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,871(+6.3%)
Key Takeaway
Homes in Montgomery have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Montgomery was $417,431 in October 2024, up 6.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.7K | $156.5K | -9.9% |
| 2 Bedrooms | $235K | $236K | 0.4% |
| 3 Bedrooms | $336.5K | $350K | +4.0% |
| 4 Bedrooms | $489.4K | $542.3K | +10.8% |
| 5+ Bedrooms | $772.5K | $930K | +20.4% |
Summary: Montgomery housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.9%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 20.4%.
Housing Supply in Montgomery, TX
How many homes are available in Montgomery, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 821 | 919 | +11.9% |
Summary: The Montgomery real estate market had 919 homes for sale in October 2024, a 11.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 37 | +12.1% |
| 2 Bedrooms | 83 | 85 | +2.4% |
| 3 Bedrooms | 344 | 384 | +11.6% |
| 4 Bedrooms | 268 | 312 | +16.4% |
| 5+ Bedrooms | 93 | 101 | +8.6% |
Summary: The Montgomery housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 132 | 118 | -10.6% |
Asking Price vs. Sold Price
83 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Montgomery, you may be able to get a good deal. 70.3% of homes here sold below asking price last month.
Summary: A total of 118 homes were sold or pending in Montgomery in October 2024, down by 10.6% month-over-month. Of the 118 sold homes, 70% were sold under asking, 20% were sold at asking, and 9% were sold over asking.
Days on Market for Montgomery, TX
How long does it take to sell a home in Montgomery, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 59 Days | +24.8% |
Summary: Homes in Montgomery had an average of 59 days on market in Oct 2024, up by 24.8% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Montgomery are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 118 homes were sold in Montgomery; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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