Is Seeley Lake-Blackfoot Valley, 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, Seeley Lake-Blackfoot Valley was a Seller's Market.
Housing Prices in Seeley Lake-Blackfoot Valley, MT
How much do homes in Seeley Lake-Blackfoot Valley, MT cost?
Median Sold Price
$507,450
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Seeley Lake-Blackfoot Valley was $507,450 in May 2024, down 7.9% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $460K | +43.8% |
2 Bedrooms | $497K | $490K | -1.4% |
3 Bedrooms | $564K | $492.5K | -12.7% |
4 Bedrooms | $750K | $764.8K | +2.0% |
5+ Bedrooms | $1.0M | $670K | -38.7% |
Summary: Seeley Lake-Blackfoot Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 38.7%.
Median Sold Price Compared To Nearby Cities
Seeley Lake-Blackfoot Valley | $551.2K | $507.4K | -7.9% |
Seeley Lake | $564K | $499.9K | -11.4% |
Housing Supply in Seeley Lake-Blackfoot Valley, MT
How many homes are available in Seeley Lake-Blackfoot Valley, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 64 | +20.8% |
Summary: The Seeley Lake-Blackfoot Valley real estate market had 64 homes for sale in May 2024, a 20.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 28 | 35 | +25.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Seeley Lake-Blackfoot Valley 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 increased by 30%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Seeley Lake-Blackfoot Valley in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Seeley Lake-Blackfoot Valley, MT
How long does it take to sell a home in Seeley Lake-Blackfoot Valley, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 136 Days | +808.0% |
Summary: Homes in Seeley Lake-Blackfoot Valley had an average of 136 days on market in May 2024, up by 808% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Seeley Lake-Blackfoot Valley; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.