Is Townsend West, 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, Townsend West has remained a Seller's Market.
Key Takeaway
Townsend West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Townsend West, MT
How much do homes in Townsend West, MT cost?
Median Sold Price
$600,000
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Townsend West have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Townsend West was $600,000 in May 2024, up 3.4% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $378.7K | $174.9K | -53.8% |
| 2 Bedrooms | $452K | $360K | -20.4% |
| 3 Bedrooms | $562.5K | $559K | -0.6% |
| 4 Bedrooms | $689K | $735K | +6.7% |
| 5+ Bedrooms | $722K | $700.5K | -3.0% |
Summary: Townsend West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.8%, 2 bedroom homes decreased by 20.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
| Townsend West | $580K | $600K | +3.4% |
| Townsend | $389K | $390K | 0.3% |
Housing Supply in Townsend West, MT
How many homes are available in Townsend West, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 45 | +28.6% |
Summary: The Townsend West real estate market had 45 homes for sale in May 2024, a 28.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Townsend West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend West, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Townsend West in May 2024, up by 166.7% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Townsend West, MT
How long does it take to sell a home in Townsend West, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 65 Days | 104 Days | +58.6% |
Summary: Homes in Townsend West had an average of 104 days on market in May 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Townsend West are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 8 homes were sold in Townsend West; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% 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 of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
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.