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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59718 is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, 59718 has remained a Seller's Market.

Key Takeaway

59718 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in 59718, MT cost?

Median Sold Price

$644,875

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$123,895(+23.8%)

Key Takeaway

Homes in 59718 have sold for 23.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $275.5K$397.5K
+44.3%
2 $357K$440K
+23.2%
3 $470.1K$605K
+28.7%
4 $637K$847.5K
+33.0%
5+ $799K$950K
+18.9%

Median Sold Price Compared To Nearby Zip Codes

59730
+32.8%
59714
+26.2%
59718
+23.8%
59741
+15.8%
59715
+15.4%

How many homes are available in 59718, MT?

Number of Homes For Sale

Jun 2022Jul 2022%
328325-0.9%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 68
+33.3%
2 3236
+12.5%
3 177169
-4.5%
4 8784
-3.4%
5+ 2628
+7.7%

Number of Homes Sold

Jun 2022Jul 2022%
8570-17.6%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

19 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. 55.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
13 Days12 Days-6.9%

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

0 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.

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

About 59718, MT

59718, MT has 325 homes on the market. Between June 2022 and July 2022, 59718, MT real estate market has seen decrease in the number of listings by 0.9%. In July 2022, listings were on the market for 12 days. During the same period, the median list price in this real estate market was $644,875. Listing prices have changed in this real estate market between June 2022 and July 2022: prices of 1 bedroom properties increased by 44.3%, 2 bedrooms properties became 23.2% more expensive, prices of 3 bedrooms properties increased by 28.7%, the cost of 4 bedrooms properties went up by 33%, prices of 5 bedrooms properties went up by 18.9%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 33.3%, the quantity of 2 bedrooms homes went up by 12.5%, 3 bedrooms homes became 4.5% less available, number of 4 bedrooms homes decreased by 3.4%, number of 5 bedrooms homes increased by 7.7%. 59718, MT housing market in July 2022 saw over 19 listings sold above listed price, more than 12 sold at listed price and over 39 sold below.