Is Dillon, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Dillon was a Seller's Market.
Key Takeaway
Dillon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Dillon, MT
How much do homes in Dillon, MT cost?
Median Sold Price
$389,900
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Dillon have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Dillon was $389,900 in May 2024, up 11.7% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.4K | $199K | +33.2% |
| 2 Bedrooms | $240K | $222.5K | -7.3% |
| 3 Bedrooms | $360K | $360K | 0.0% |
| 4 Bedrooms | $365K | $520K | +42.5% |
| 5+ Bedrooms | $420K | $652.5K | +55.4% |
Summary: Dillon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes decreased by 7.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 42.5%, and 5+ bedroom homes increased by 55.4%.
Housing Supply in Dillon, MT
How many homes are available in Dillon, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 49 | +11.4% |
Summary: The Dillon real estate market had 49 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 19 | 27 | +42.1% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Dillon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.1%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Dillon, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Dillon in May 2024, down by 22.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Dillon, MT
How long does it take to sell a home in Dillon, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 71 Days | +31.1% |
Summary: Homes in Dillon had an average of 71 days on market in May 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Dillon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Dillon; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information 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. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.