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 Last Month
Since last month, 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
$489,000
$248/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Thompson Falls-West End was $489,000 in April 2024, down 30.9% from last month, and the median price per square foot was $248.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $135K | N/A |
2 Bedrooms | $439K | - | N/A |
3 Bedrooms | $770K | $569K | -26.1% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Thompson Falls-West End housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Thompson Falls-West End, MT
How many homes are available in Thompson Falls-West End, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 58 | +28.9% |
Summary: The Thompson Falls-West End real estate market had 58 homes for sale in April 2024, a 28.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 6 | 10 | +66.7% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Thompson Falls-West End housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Thompson Falls-West End in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
156 Days | 147 Days | -5.9% |
Summary: Homes in Thompson Falls-West End had an average of 147 days on market in Apr 2024, down by 5.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Thompson Falls-West End; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.