Newly released data from Realtor.com for January shows that potential buyers and sellers in Montgomery County saw higher home sale prices than the previous month’s median of $165,975.
The median home sold for $187,500, an analysis of data from Realtor.com shows. That means January, the most recent month for which figures are available, was up 13% from December.
Compared to January 2024, the median home sales price was up 33.9% compared to $140,000.
Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in the data. The statistics don’t include homes currently listed for sale and aren’t directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.montgomeryadvertiser.com.
Here is a breakdown on median sale prices:
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Looking only at single-family homes, the $188,700 median selling price in Montgomery County was up 11.3% in January from $169,500 the month prior. Since January 2024, the sales price of single-family homes was up 34.5% from a median of $140,267.One single family home sold for $1 million or more during the month, compared to zero recorded transactions of at least $1 million in January 2024.
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Condominiums and townhomes increased by 6.7% in sales price during January to a median of $160,000 from $150,000 in December. Compared to January 2024, the sales price of condominiums and townhomes was up 52.5% from $104,900. Four condominiums or townhomes sold for $1 million or more during the month, compared to zero recorded transactions of at least $1 million in January 2024.
About recorded home sales in Montgomery County in Alabama
In January, the number of recorded sales in Montgomery County rose by 6.8% since January 2024 — from 222 to 237. All residential home sales totaled $68.1 million.
Across Alabama, homes sold at a median of $219,990 during January, down 4.4% from $230,000 in December. There were 3,742 recorded sales across the state during January, down 14.4% from 4,373 recorded sales in January 2024.
Here’s a breakdown for the full state:
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The total value of recorded residential home sales in Alabama decreased by 24.6% from $1.7 billion in December to $1.3 billion this January.
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Out of all residential home sales in Alabama, 3.1% of homes sold for at least $1 million in January, up from 2.68% in January 2024.
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Sales prices of single-family homes across Alabama decreased by 4.4% from a median of $225,000 in December to $215,000 in January. Since January 2024, the sales price of single-family homes across the state was up 4.3% from $206,200.
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Across the state, the sales price of condominiums and townhomes rose 6% from a median of $283,000 in December to $299,900 during January. The median sales price of condominiums and townhomes is up 8.3% from the median of $277,000 in January 2024.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
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 any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us.
This article originally appeared on Montgomery Advertiser: Homes in Montgomery County sold for higher prices recently: See how much here
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