Is Kalispell Southwest, 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, Kalispell Southwest was a Seller's Market.
Key Takeaway
Kalispell Southwest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kalispell Southwest, MT
How much do homes in Kalispell Southwest, MT cost?
Median Sold Price
$682,500
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kalispell Southwest have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Kalispell Southwest was $682,500 in May 2024, up 13.1% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $675K | +285.7% |
| 2 Bedrooms | $535K | $715K | +33.6% |
| 3 Bedrooms | $610K | $750K | +23.0% |
| 4 Bedrooms | $712.4K | $624.5K | -12.3% |
| 5+ Bedrooms | $1.1M | $535K | -53.3% |
Summary: Kalispell Southwest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 285.7%, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 23%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 53.3%.
Median Sold Price Compared To Nearby Cities
| Kila | $580K | $720K | +24.1% |
| Kalispell Southwest | $603.5K | $682.5K | +13.1% |
| Marion | $603.5K | $680K | +12.7% |
| Lakeside-Somers | $786.5K | $775K | -1.5% |
| Kalispell Northwest | $896K | $750K | -16.3% |
Housing Supply in Kalispell Southwest, MT
How many homes are available in Kalispell Southwest, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 35 | +45.8% |
Summary: The Kalispell Southwest real estate market had 35 homes for sale in May 2024, a 45.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Kalispell Southwest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalispell Southwest, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Kalispell Southwest in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Kalispell Southwest, MT
How long does it take to sell a home in Kalispell Southwest, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 52 Days | -6.3% |
Summary: Homes in Kalispell Southwest had an average of 52 days on market in May 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kalispell Southwest has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Kalispell Southwest; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 (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.