Is 59404, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59404 is a neutral's market

Buyer's
Market

Difference Since November 2022

At the same time last year, 59404 was a Seller's Market.

Key Takeaway

59404 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 59404, MT

How much do homes in 59404, MT cost?

Median Sold Price

$380,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$22,166(+6.2%)

Key Takeaway

Homes in 59404 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 59404 was $380,000 in November 2023, up 6.2% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $123K$164.2K
+33.5%
2 $208K$219.5K
+5.5%
3 $329.9K$336.2K
+1.9%
4 $370K$405.5K
+9.6%
5+ $470K$510K
+8.5%

Summary: 59404 housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 33.5%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 8.5%.

Median Sold Price Compared To Nearby Zip Codes

59401
+10.5%
59404
+6.2%

Housing Supply in 59404, MT

How many homes are available in 59404, MT?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
111101-9.0%

Summary: The 59404 real estate market had 101 homes for sale in November 2023, a 9.0% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 01
+100.0%
2 1414
0.0%
3 2832
+14.3%
4 3324
-27.3%
5+ 3630
-16.7%

Summary: The 59404 housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
3616-55.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59404, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in 59404 in November 2023, down by 55.6% month-over-month. Of the 16 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% were sold over asking.

Days on Market for 59404, MT

How long does it take to sell a home in 59404, MT?

Average Sale Time

Nov 2022Nov 2023CHANGE
81 Days36 Days-54.9%

Summary: Homes in 59404 had an average of 36 days on market in Nov 2023, down by 54.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 59404 has remained consistent over time.

Summary: During November 2023, 16 homes were sold in 59404; 31% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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