Is Montgomery County, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Montgomery County was a Buyer's Market.
Housing Prices in Montgomery County, NC
How much do homes in Montgomery County, NC cost?
Median Sold Price
$225,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Montgomery County was $225,000 in April 2024, up 4.8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119.8K | $87.5K | -27.0% |
2 Bedrooms | $151.9K | $132.5K | -12.8% |
3 Bedrooms | $279K | $251.2K | -9.9% |
4 Bedrooms | $300K | $350K | +16.7% |
5+ Bedrooms | $518.7K | $410K | -21.0% |
Summary: Montgomery County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 21%.
Median Sold Price Compared To Nearby Counties
Stanly County | $275K | $299.9K | +9.1% |
Moore County | $419.9K | $449.2K | +7.0% |
Randolph County | $242.7K | $255.8K | +5.4% |
Montgomery County | $214.7K | $225K | +4.8% |
Richmond County | $157.6K | $165K | +4.7% |
Housing Supply in Montgomery County, NC
How many homes are available in Montgomery County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 117 | +12.5% |
Summary: The Montgomery County real estate market had 117 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 22 | 23 | +4.5% |
3 Bedrooms | 57 | 65 | +14.0% |
4 Bedrooms | 9 | 10 | +11.1% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Montgomery County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Montgomery County in April 2024, up by 23.5% month-over-month. Of the 21 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Montgomery County, NC
How long does it take to sell a home in Montgomery County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 57 Days | +5.2% |
Summary: Homes in Montgomery County had an average of 57 days on market in Apr 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Montgomery County; 52% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.