Is 59802, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 59802 has remained a Seller's Market.
Key Takeaway
59802 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 59802, MT
How much do homes in 59802, MT cost?
Median Sold Price
$508,481
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 59802 have sold for 8.4% less than they did a year ago.
Summary: The median home sold price in 59802 was $508,481 in March 2024, down 8.4% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $313.7K | $262.5K | -16.3% |
| 2 Bedrooms | $414.2K | $400K | -3.4% |
| 3 Bedrooms | $575K | $617.2K | +7.3% |
| 4 Bedrooms | $599K | $735K | +22.7% |
| 5+ Bedrooms | $1.0M | $661.5K | -36.7% |
Summary: 59802 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.3%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes decreased by 36.7%.
Housing Supply in 59802, MT
How many homes are available in 59802, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 50 | +13.6% |
Summary: The 59802 real estate market had 50 homes for sale in March 2024, a 13.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 17 | 22 | +29.4% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 59802 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 11 | +266.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 59802, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 59802 in March 2024, up by 266.7% month-over-month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for 59802, MT
How long does it take to sell a home in 59802, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 139 Days | 96 Days | -30.9% |
Summary: Homes in 59802 had an average of 96 days on market in Mar 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 59802 has remained consistent over time.
Summary: During March 2024, 11 homes were sold in 59802; 18% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 36% 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.