Is Thompson Falls-West End, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Thompson Falls-West End has remained a Buyer's Market.
Housing Prices in Thompson Falls-West End, MT
How much do homes in Thompson Falls-West End, MT cost?
Median Sold Price
$512,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Thompson Falls-West End was $512,000 in May 2024, up 5.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $382K | $375K | -1.8% |
2 Bedrooms | $382.5K | $480K | +25.5% |
3 Bedrooms | $592.5K | $567.5K | -4.2% |
4 Bedrooms | $596K | $467.5K | -21.6% |
5+ Bedrooms | $890K | $1.0M | +21.3% |
Summary: Thompson Falls-West End housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes increased by 21.3%.
Housing Supply in Thompson Falls-West End, MT
How many homes are available in Thompson Falls-West End, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 62 | +24.0% |
Summary: The Thompson Falls-West End real estate market had 62 homes for sale in May 2024, a 24.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 11 | 16 | +45.5% |
3 Bedrooms | 19 | 22 | +15.8% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Thompson Falls-West End housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 20%, 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
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Thompson Falls-West End in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Thompson Falls-West End, MT
How long does it take to sell a home in Thompson Falls-West End, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
285 Days | 133 Days | -53.2% |
Summary: Homes in Thompson Falls-West End had an average of 133 days on market in May 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Thompson Falls-West End; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.