Is 59701, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 59701 has remained a Seller's Market.
Housing Prices in 59701, MT
How much do homes in 59701, MT cost?
Median Sold Price
$266,875
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 59701 was $266,875 in February 2024, up 4.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $166K | +3.8% |
2 Bedrooms | $193.5K | $200K | +3.4% |
3 Bedrooms | $272K | $280K | +2.9% |
4 Bedrooms | $361.5K | $337.8K | -6.6% |
5+ Bedrooms | $400K | $435K | +8.8% |
Summary: 59701 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Zip Codes
59759 | $450K | $472.5K | +5.0% |
59701 | $255K | $266.8K | +4.7% |
Housing Supply in 59701, MT
How many homes are available in 59701, MT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
148 | 152 | +2.7% |
Summary: The 59701 real estate market had 152 homes for sale in February 2024, a 2.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 14 | -6.7% |
2 Bedrooms | 31 | 43 | +38.7% |
3 Bedrooms | 58 | 58 | 0.0% |
4 Bedrooms | 24 | 22 | -8.3% |
5+ Bedrooms | 20 | 15 | -25.0% |
Summary: The 59701 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 38.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 32 | +45.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in 59701 in February 2024, up by 45.5% month-over-month. Of the 32 sold homes, 72% were sold under asking, 9% were sold at asking, and 19% were sold over asking.
Days on Market for 59701, MT
How long does it take to sell a home in 59701, MT?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
55 Days | 106 Days | +90.1% |
Summary: Homes in 59701 had an average of 106 days on market in Feb 2024, up by 90.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During February 2024, 32 homes were sold in 59701; 19% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.