Is 59644, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, 59644 was a Seller's Market.
Key Takeaway
59644 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices
How much do homes in 59644, MT cost?
Median Sold Price
$392,500
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in 59644 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 59644 was $392,500 in August 2023, up 0.8% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.7K | $299K | -14.5% |
| 2 Bedrooms | $294.9K | $325K | +10.2% |
| 3 Bedrooms | $425K | $395K | -7.1% |
| 4 Bedrooms | $464K | $389K | -16.2% |
| 5+ Bedrooms | $485K | $574.5K | +18.5% |
Summary: 59644 housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Zip Codes
| 59644 | $389.5K | $392.5K | +0.8% |
| 59634 | $618K | $610K | -1.3% |
Housing Supply
How many homes are available in 59644, MT?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The 59644 real estate market had 40 homes for sale in August 2023, a 8.1% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 17 | +21.4% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 59644 housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59644, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 59644 in August 2023, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market
How long does it take to sell a home in 59644, MT?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 61 Days | 21 Days | -65.5% |
Summary: Homes in 59644 had an average of 21 days on market in Aug 2023, down by 65.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 59644 are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 4 homes were sold in 59644; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 (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© 2023 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
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© 2023 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.