$6,625 Closing Credit*
$557,863
2,631 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jimmy Franklin, Listing Office: Shea Homes
Is Southeast 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, Southeast Montgomery was a Seller's Market.
Key Takeaway
Southeast 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 Southeast Montgomery, TX
How much do homes in Southeast Montgomery, TX cost?
Median Sold Price
$357,006
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,164(+0.3%)
Key Takeaway
The sold price of homes in Southeast Montgomery has remained the same since last year.
Summary: The median home sold price in Southeast Montgomery was $357,006 in October 2024, up 0.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $137.5K | -14.1% |
| 2 Bedrooms | $275K | $274.5K | -0.2% |
| 3 Bedrooms | $300K | $299.9K | 0% |
| 4 Bedrooms | $395.7K | $400K | +1.1% |
| 5+ Bedrooms | $604.8K | $681.7K | +12.7% |
Summary: Southeast Montgomery housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Shenandoah | $446.5K | $490.2K | +9.8% |
| Southeast Montgomery | $355.8K | $357K | 0.3% |
| Oak Ridge North | $358.7K | $359K | 0.1% |
Housing Supply in Southeast Montgomery, TX
How many homes are available in Southeast Montgomery, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2,601 | 2,890 | +11.1% |
Summary: The Southeast Montgomery real estate market had 2,890 homes for sale in October 2024, a 11.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 12 | -25.0% |
| 2 Bedrooms | 87 | 100 | +14.9% |
| 3 Bedrooms | 1,005 | 1,143 | +13.7% |
| 4 Bedrooms | 1,236 | 1,342 | +8.6% |
| 5+ Bedrooms | 257 | 293 | +14.0% |
Summary: The Southeast Montgomery housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 512 | 451 | -11.9% |
Asking Price vs. Sold Price
293 Homes Were Sold
Under Asking
106 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Montgomery, you may be able to get a good deal. 65.1% of homes here sold below asking price last month.
Summary: A total of 451 homes were sold or pending in Southeast Montgomery in October 2024, down by 11.9% month-over-month. Of the 450 sold homes, 65% were sold under asking, 24% were sold at asking, and 11% were sold over asking.
Days on Market for Southeast Montgomery, TX
How long does it take to sell a home in Southeast Montgomery, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 45 Days | +0.8% |
Summary: Homes in Southeast Montgomery had an average of 45 days on market in Oct 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
233 Homes Were Sold
Under 30 Days
154 Homes Were Sold
In 30 - 90 Days
63 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Montgomery are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 451 homes were sold in Southeast Montgomery; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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