Is 59801, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59801 is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, 59801 has remained a Seller's Market.

Key Takeaway

59801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59801, MT

How much do homes in 59801, MT cost?

Median Sold Price

$516,000

$339/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$41,000(+8.6%)

Key Takeaway

Homes in 59801 have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in 59801 was $516,000 in January 2024, up 8.6% from last year, and the median price per square foot was $339.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $265K$329K
+24.2%
2 $390K$440K
+12.8%
3 $466K$502.5K
+7.8%
4 $533.5K$637.5K
+19.5%
5+ $725K$751K
+3.6%

Summary: 59801 housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Zip Codes

59801
+8.6%
59803
+7.8%
59808
-1.1%

Housing Supply in 59801, MT

How many homes are available in 59801, MT?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
5150-2.0%

Summary: The 59801 real estate market had 50 homes for sale in January 2024, a 2.0% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 34
+33.3%
2 1718
+5.9%
3 1616
0.0%
4 118
-27.3%
5+ 44
0.0%

Summary: The 59801 housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59801, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 59801 in January 2024, up by 33.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.

Days on Market for 59801, MT

How long does it take to sell a home in 59801, MT?

Average Sale Time

Jan 2023Jan 2024CHANGE
71 Days72 Days+1.7%

Summary: Homes in 59801 had an average of 72 days on market in Jan 2024, up by 1.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59801 are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 12 homes were sold in 59801; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

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