Montgomery Housing Market Report December 2024•Montgomery County, Alabama

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Housing Prices in Montgomery, AL

How much do homes in Montgomery, AL cost?

Housing Market Conditions

Is Montgomery, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Montgomery is a Seller's Market

Difference Since December 2023

Since last year, Montgomery has remained a Seller's Market.

Insight

Montgomery is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$181,577$103/SqFt
+$8,661
+5.0%

Based on all homes sold in the last 12 months

Insight

Homes in Montgomery have sold for 5% more than they did a year ago.

Summary: The median home sold price in Montgomery was $181,577 in December 2024, up 5% from last year, and the median price per square foot was $103.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Hope Hull
+84.0%
Montgomery
+5.0%
Pike Road
+4.4%
Mount Meigs
+1.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$164.9K$20K
-87.9%
2$101.2K$104.9K
+3.7%
3$145.6K$156.3K
+7.4%
4$268.8K$266.5K
-0.9%
5$379K$395K
+4.2%

Summary: Montgomery housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -87.9%. The home price for 2 bedroom homes increased by +3.7%. The home price for 3 bedroom homes increased by +7.4%. The home price for 4 bedroom homes decreased by -0.9%. The home price for 5 bedroom homes increased by +4.2%.

Housing supply in Montgomery, AL

How many homes are available in Montgomery, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,025Last MonthDec 2024
1,0462 months agoNov 2024
-2.0 %
Change MoMNov – Dec

Summary: The Montgomery real estate market had 1,025 homes for sale in Dec 2024, a 2.0 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
178Last MonthDec 2024
1762 months agoNov 2024
+1.1 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
154
-20.0%
27376
+4.1%
3550536
-2.5%
4341329
-3.5%
57780
+3.9%

Summary: Montgomery housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes increased by +4.1%. The inventory for 3 bedroom homes decreased by -2.5%. The inventory for 4 bedroom homes decreased by -3.5%. The inventory for 5 bedroom homes increased by +3.9%.

Asking Price vs. Sold Price

How much do homes in Montgomery, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price27 Homes

At Asking Price60 Homes

Under Asking Price91 Homes

Insight

If you're buying a home in Montgomery, you may be able to get a good deal. 51.1% of homes here sold below asking price last month.

Summary: A total of 178 homes were sold or pending in Montgomery in December 2024, up by 1.1% month-over-month. Of the 178 sold homes, 51% were sold under asking, 34% were sold at asking, and and 15% were sold over asking.

Days on Market for Montgomery, AL

How long does it take to sell a home in Montgomery, AL?

Breakdown of Home Sale Times

Under 30 Days57 Homes

30 – 90 Days73 Homes

Over 90 Days48 Homes

Insight

Avg time on Rocket Homes in Montgomery has remained consistent over time.

Summary: During December 2024, 178 homes were sold in Montgomery; 32% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
70 DaysThis YearDec 2024
79 Days1 year agoDec 2023
-10.8 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Montgomery had an average listing age of 70 days in Dec 2024, down by 10.8% compared to the previous year.

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Newest Listings in Montgomery, AL

What homes are available in Montgomery, AL?

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Nearby markets

Popular Cities with Homes for Sale in Alabama

MLS Disclaimers and Copyright

Based on information from Montgomery Area Association of Realtors MLS, Greater Alabama MLS, Georgia MLS, First Multiple Listing Service Inc., and Columbus Board of REALTORS MLS for the period 01/01/2023 - 01/01/2025

IDX Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2025 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of The Columbus Board of Realtors. Detailed information on Real estate listings held by firms other than this broker includes the Listing Brokers Firm Name. The information being provided is 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. All information provided is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.