Is 59718, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59718 is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 59718 was a Seller's Market.

Key Takeaway

59718 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 59718, MT

How much do homes in 59718, MT cost?

Median Sold Price

$715,000

$363/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$40,000(+5.9%)

Key Takeaway

Homes in 59718 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 59718 was $715,000 in February 2024, up 5.9% from last year, and the median price per square foot was $363.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $397.5K$403K
+1.4%
2 $480K$458K
-4.6%
3 $631K$647K
+2.5%
4 $894.9K$937K
+4.7%
5+ $1.0M$1.0M
+2.9%

Summary: 59718 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

59718
+5.9%
59714
+1.7%
59715
+1.2%
59730
-11.5%

Housing Supply in 59718, MT

How many homes are available in 59718, MT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
204207+1.5%

Summary: The 59718 real estate market had 207 homes for sale in February 2024, a 1.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 99
0.0%
2 3233
+3.1%
3 8583
-2.4%
4 6968
-1.4%
5+ 914
+55.6%

Summary: The 59718 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 55.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3632-11.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59718, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 59718 in February 2024, down by 11.1% month-over-month. Of the 32 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.

Days on Market for 59718, MT

How long does it take to sell a home in 59718, MT?

Average Sale Time

Feb 2023Feb 2024CHANGE
71 Days56 Days-21.2%

Summary: Homes in 59718 had an average of 56 days on market in Feb 2024, down by 21.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59718 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 32 homes were sold in 59718; 56% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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