Is 59716, 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, 59716 was a Buyer's Market.
Key Takeaway
59716 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 59716, MT
How much do homes in 59716, MT cost?
Median Sold Price
$2,596,500
$890/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 59716 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 59716 was $2,596,500 in March 2024, up 9.3% from last year, and the median price per square foot was $890.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $440K | $320K | -27.3% |
| 2 Bedrooms | $900K | $875K | -2.8% |
| 3 Bedrooms | $1.8M | $2.1M | +14.6% |
| 4 Bedrooms | $3.6M | $2.4M | -33.8% |
| 5+ Bedrooms | $5.0M | $3.5M | -30.7% |
Summary: 59716 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.3%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes decreased by 33.8%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Zip Codes
| 59716 | $2.3M | $2.5M | +9.3% |
| 59730 | $1.3M | $1.1M | -11.5% |
Housing Supply in 59716, MT
How many homes are available in 59716, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 36 | -5.3% |
Summary: The 59716 real estate market had 36 homes for sale in March 2024, a 5.3% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 17 | 15 | -11.8% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The 59716 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59716, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 59716 in March 2024, up by 100.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 59716, MT
How long does it take to sell a home in 59716, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 131 Days | 125 Days | -4.8% |
Summary: Homes in 59716 had an average of 125 days on market in Mar 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 59716 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in 59716; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 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.