Is 59047, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 59047 has remained a Seller's Market.
Key Takeaway
59047 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 59047, MT
How much do homes in 59047, MT cost?
Median Sold Price
$509,500
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in 59047 has remained the same since last year.
Summary: The median home sold price in 59047 was $509,500 in March 2024, down 0.4% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $482.5K | $349K | -27.7% |
| 2 Bedrooms | $349.5K | $352.2K | +0.8% |
| 3 Bedrooms | $511.5K | $526.2K | +2.9% |
| 4 Bedrooms | $580K | $632.5K | +9.1% |
| 5+ Bedrooms | $789K | $749.5K | -5.0% |
Summary: 59047 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.7%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 5%.
Median Sold Price Compared To Nearby Zip Codes
| 59715 | $895K | $900K | +0.6% |
| 59047 | $511.5K | $509.5K | -0.4% |
Housing Supply in 59047, MT
How many homes are available in 59047, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 56 | +5.7% |
Summary: The 59047 real estate market had 56 homes for sale in March 2024, a 5.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 14 | 16 | +14.3% |
| 3 Bedrooms | 19 | 21 | +10.5% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The 59047 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 14 | +180.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59047, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 59047 in March 2024, up by 180.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for 59047, MT
How long does it take to sell a home in 59047, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 35 Days | -60.3% |
Summary: Homes in 59047 had an average of 35 days on market in Mar 2024, down by 60.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 59047 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in 59047; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% 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.