Montgomery Market Report
Housing inventory in Montgomery is at an historical low, with the months of supply at just 1.3 (as of October 2021), according to the Alabama Center for Real Estate (ACRE). Montgomery, AL has 732 homes for sale to choose from. In December 2021 in Montgomery, AL there were 9.9% less homes for sale than in November 2021. In December 2021, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $164,917.
Listing prices have changed in this real estate market between November 2021 and December 2021: 1 bedroom properties prices decreased by 17.1%, prices of 2 bedrooms properties went down by 2.5%, 3 bedrooms properties prices increased by 13%, prices of 4 bedrooms properties increased by 11.7%, 5 bedrooms properties became 4.9% more expensive. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 7.7% less available, 4 bedrooms homes became 16.5% less available, 5 bedrooms homes inventory decreased by 13.5%. Montgomery, AL housing market in December 2021 saw over 100 listings sold above listed price, more than 72 sold at listed price and over 100 sold below.