Is 59601, 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, 59601 has remained a Seller's Market.
Housing Prices in 59601, MT
How much do homes in 59601, MT cost?
Median Sold Price
$422,666
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 59601 was $422,666 in March 2024, up 5.7% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $222K | +23.3% |
2 Bedrooms | $304.2K | $330K | +8.5% |
3 Bedrooms | $400K | $421K | +5.3% |
4 Bedrooms | $462K | $469K | +1.5% |
5+ Bedrooms | $555K | $594.5K | +7.1% |
Summary: 59601 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 7.1%.
Housing Supply in 59601, MT
How many homes are available in 59601, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 70 | -7.9% |
Summary: The 59601 real estate market had 70 homes for sale in March 2024, a 7.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 22 | 15 | -31.8% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The 59601 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 31.8%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 17 | -29.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in 59601 in March 2024, down by 29.2% month-over-month. Of the 17 sold homes, 41% were sold under asking, 41% were sold at asking, and 18% were sold over asking.
Days on Market for 59601, MT
How long does it take to sell a home in 59601, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 51 Days | -22.6% |
Summary: Homes in 59601 had an average of 51 days on market in Mar 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in 59601; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.