Montgomery Real Estate Market Update: Rising Prices, Faster Sales, and What It Means for You

The real estate market in Montgomery is showing strong momentum, with rising home prices, tightening inventory, and faster sales activity. Whether you're a first-time buyer, investor, or relocating to the area, understanding these trends is key to making informed decisions.

Home Prices Are on the Rise

The median sold price for single-family homes in Montgomery is currently $220,000, reflecting a significant 22% increase month-over-month. This sharp rise indicates strong buyer demand and growing property values—an important factor for both buyers and sellers to consider.

Inventory Is Decreasing

Housing inventory is tightening. Over the past month, inventory has decreased by 7%, with a 2% decline year-over-year. This leaves Montgomery with a 4.19-month supply of inventory, signaling a market that is leaning toward sellers and becoming increasingly competitive for buyers.

New and Active Listings Overview

• 346 new listings have entered the market, with a median list price of $219,900
• 809 active listings are currently available, with a median list price of $230,000

While new listings are coming in, they are not outpacing demand, which continues to put upward pressure on prices.

Homes Are Selling Faster

Speed is another defining factor in today’s market. The median days on market for sold homes has dropped by 34% to just 56 days, while new pending listings are averaging 48 days. This means buyers must be prepared to act quickly when the right home becomes available.

Why Montgomery Still Stands Out