Is 59401, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 59401 was a Seller's Market.
Housing Prices in 59401, MT
How much do homes in 59401, MT cost?
Median Sold Price
$265,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 59401 was $265,000 in March 2024, up 8.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.2K | $125K | -10.2% |
2 Bedrooms | $187K | $216K | +15.5% |
3 Bedrooms | $237K | $253K | +6.8% |
4 Bedrooms | $270K | $285.7K | +5.8% |
5+ Bedrooms | $305K | $325K | +6.6% |
Summary: 59401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in 59401, MT
How many homes are available in 59401, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 47 | +34.3% |
Summary: The 59401 real estate market had 47 homes for sale in March 2024, a 34.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 9 | 13 | +44.4% |
4 Bedrooms | 12 | 21 | +75.0% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The 59401 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in 59401 in March 2024, down by 36.4% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 59401, MT
How long does it take to sell a home in 59401, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 64 Days | -4.6% |
Summary: Homes in 59401 had an average of 64 days on market in Mar 2024, down by 4.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in 59401; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.