Is Great Falls, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Great Falls has remained a Seller's Market.
Housing Prices in Great Falls, MT
How much do homes in Great Falls, MT cost?
Median Sold Price
$319,916
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Great Falls was $319,916 in April 2024, up 8.3% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $147.9K | +11.2% |
2 Bedrooms | $195K | $220K | +12.8% |
3 Bedrooms | $274.7K | $310K | +12.8% |
4 Bedrooms | $308K | $345K | +12.0% |
5+ Bedrooms | $412.5K | $410K | -0.6% |
Summary: Great Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Great Falls | $295.3K | $319.9K | +8.3% |
Black Eagle | $225K | $215K | -4.4% |
Great Falls North | $315K | $279K | -11.4% |
Housing Supply in Great Falls, MT
How many homes are available in Great Falls, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
223 | 234 | +4.9% |
Summary: The Great Falls real estate market had 234 homes for sale in April 2024, a 4.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 46 | 43 | -6.5% |
3 Bedrooms | 67 | 76 | +13.4% |
4 Bedrooms | 67 | 71 | +6.0% |
5+ Bedrooms | 42 | 43 | +2.4% |
Summary: The Great Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 2.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 67 | +15.5% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 67 homes were sold or pending in Great Falls in April 2024, up by 15.5% month-over-month. Of the 67 sold homes, 39% were sold under asking, 40% were sold at asking, and 21% were sold over asking.
Days on Market for Great Falls, MT
How long does it take to sell a home in Great Falls, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 60 Days | +57.5% |
Summary: Homes in Great Falls had an average of 60 days on market in Apr 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 67 homes were sold in Great Falls; 31% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.