Published November 1, 2026 in Market Update

Montgomery had more closings even with rates above 7%

By Stacey Brown

Real estate, Montgomery, TX

Rates above 7% did not stop buyers in Montgomery. The Real Estate Data Aggregator counted 736 homes sold across both Montgomery ZIP codes in the three months ending August 31, 2026. That is up 24.3% from the same months a year ago. Buyers here are still moving forward.

Nationally, Realtor.com reported that mortgage rates climbed above 7% for the first time since January 2025. That is a real headwind for buyers everywhere. Montgomery did not flinch.

The two ZIP codes tell different stories

Montgomery covers two ZIP codes, 77356 and 77316. They moved in the same direction this period, but not at the same pace. It helps to look at each one on its own.

Prices held firm in 77356, rose in 77316

In ZIP 77356, the Real Estate Data Aggregator put the median sale price at $370,000, unchanged from a year ago. Prices held. In ZIP 77316, the median came in at $421,275, up 12.3% from the same period in 2025. That is a meaningful move in one year.

Closings jumped in both ZIP codes

ZIP 77316 saw the bigger jump in sales. The Real Estate Data Aggregator counted 466 homes sold there, up 33.9% from a year ago. ZIP 77356 added homes sold too, up 10.7% to 270 closings. Both are moving in the right direction.

Homes are taking a little longer to sell

The Real Estate Data Aggregator shows median days on market at 72 in ZIP 77356, three days longer than a year ago. In ZIP 77316, it was 89 days, which is 31 days longer than a year ago. More homes are available, and buyers are taking more time. That is worth knowing before you price.

Sellers are getting close to their asking price

In ZIP 77356, the Real Estate Data Aggregator put the average sale price at 97.2% of list price, up 0.9 points from a year ago. In ZIP 77316, it was 96.8%, up 1 point. Sellers who price well are landing close to what they ask.

In ZIP 77356, 7.4% of homes sold above list price, up 1.7 points from a year ago. In ZIP 77316, 6% sold above list, down 3.2 points. Above-list sales are not common in either ZIP, but they do happen.

More homes came to market, and supply edged down

The Real Estate Data Aggregator counted 1,077 new listings across both ZIP codes in the three months ending August 31, 2026, up 18.6% from a year ago. More sellers stepped in. At the same time, months of supply fell in both ZIPs: down 0.5 months in 77356 to 6.2 months, and down 0.6 months in 77316 to 5.8 months. Buyers absorbed the new supply.

Quick contracts are up in 77356

In ZIP 77356, the Real Estate Data Aggregator found that 21.2% of homes went under contract within two weeks of listing. That is up 7.2 points from a year ago. About 1 in 5 homes there found a buyer fast. In ZIP 77316, that share was 12.2%, down 5.9 points. The right price and condition still matter.

What the national picture adds

Nationally, Realtor.com reported that 20.8% of listings took a price cut in September 2026, the highest share since October 2022. Montgomery sellers are not immune to that pressure. Pricing carefully from the start still gives you the best chance of landing near your asking price.

The Federal Housing Finance Agency reported that U.S. house prices rose 2.4% from August 2025 to August 2026. Montgomery's 77316 outpaced that, with a 12.3% gain in median price. ZIP 77356 held flat, which is its own kind of stability.

One street can read very differently from the whole ZIP code. The numbers above cover large areas. Your home's story may be shorter or longer, higher or lower. I am happy to pull what is specific to your address.