According to an analysis of Realtor.com data, the average home in Montgomery County was listed at $298,125 in July, down 1.8% from the previous month’s $303,450.
Compared to July 2023, the median home list price increased 6.5% to $279,900.
The statistics in this article refer only to homes for sale in Montgomery County, not homes that have sold. For information on your local real estate market, as well as other useful community data, visit data.montgomeryadvertiser.com.
The median home in Montgomery County was 2,061 square feet and cost $126 per square foot. The price per square foot of homes for sale has increased 8.4% since July 2023.
Listings in Montgomery County moved slowly, with homes staying on the market an average of 50 days, compared to the national average of 50 days in July. In the previous month, homes were on the market an average of 53 days. There were about 298 homes newly offered on the market in July, a 0.7% increase from the 296 new listings in July 2023.
Median home prices published by Realtor.com may exclude many or even most homes in a market. Price and volume refer only to single-family homes, condos or townhomes. They include existing homes but exclude most new construction and pending and contingent sales.
Across the Montgomery metropolitan area, median home prices fell to $325,000, slightly below the previous month. The median home was 2,146 square feet, with a list price of $137 per square foot.
In Alabama, median home prices were $339,200, down slightly from June. The median home for sale in Alabama was 1,950 square feet and priced at $167 per square foot.
Across the United States, the median home price was $439,950, down slightly from the previous month. The average size of a home for sale in the U.S. was 1,869 square feet, and the price was $231 per square foot.
The median home listing price used in this report represents the average of all homes or apartments offered for sale during the specified time period. Experts say the median provides a more accurate picture of market trends than the average listing price, which would divide the sum of all listing prices by the number of homes sold. The average can be skewed by a particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave feedback or corrections to this story here. This story was written by Ozge Terzioglu.
