Is 59711, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 59711 was a Seller's Market.
Key Takeaway
59711 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 59711, MT
How much do homes in 59711, MT cost?
Median Sold Price
$287,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 59711 have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in 59711 was $287,000 in March 2024, up 12.5% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $141K | $322.5K | +128.7% |
| 2 Bedrooms | $202K | $228.7K | +13.2% |
| 3 Bedrooms | $290K | $305K | +5.2% |
| 4 Bedrooms | $321.5K | $372K | +15.7% |
| 5+ Bedrooms | $296.7K | $467.5K | +57.5% |
Summary: 59711 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128.7%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 57.5%.
Housing Supply in 59711, MT
How many homes are available in 59711, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 63 | +14.5% |
Summary: The 59711 real estate market had 63 homes for sale in March 2024, a 14.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 17 | 17 | 0.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 59711 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 59711, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 59711 in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for 59711, MT
How long does it take to sell a home in 59711, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 58 Days | +37.6% |
Summary: Homes in 59711 had an average of 58 days on market in Mar 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 59711 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in 59711; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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© 2024 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© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.