Is 59405, 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, 59405 has remained a Seller's Market.
Housing Prices in 59405, MT
How much do homes in 59405, MT cost?
Median Sold Price
$301,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 59405 was $301,000 in March 2024, up 8% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | $155.9K | +27.8% |
2 Bedrooms | $192.5K | $217K | +12.7% |
3 Bedrooms | $274K | $296.7K | +8.3% |
4 Bedrooms | $287K | $322.5K | +12.4% |
5+ Bedrooms | $343.9K | $345K | 0.3% |
Summary: 59405 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in 59405, MT
How many homes are available in 59405, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 86 | +8.9% |
Summary: The 59405 real estate market had 86 homes for sale in March 2024, a 8.9% 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 | 20 | 21 | +5.0% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 59405 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 5%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 29 | +61.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 59405 in March 2024, up by 61.1% month-over-month. Of the 29 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% were sold over asking.
Days on Market for 59405, MT
How long does it take to sell a home in 59405, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 59 Days | -10.7% |
Summary: Homes in 59405 had an average of 59 days on market in Mar 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in 59405; 28% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.