Is 59804, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, 59804 was a Neutral Market.
Key Takeaway
59804 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in 59804, MT cost?
Median Sold Price
$625,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in 59804 have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in 59804 was $625,000 in August 2023, down 5.4% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $509K | N/A |
| 2 Bedrooms | $455K | $540K | +18.7% |
| 3 Bedrooms | $612.5K | $543.7K | -11.2% |
| 4 Bedrooms | $810K | $680K | -16.0% |
| 5+ Bedrooms | $734.2K | $882.5K | +20.2% |
Summary: 59804 housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.7%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 20.2%.
Housing Supply
How many homes are available in 59804, MT?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 29 | 25 | -13.8% |
Summary: The 59804 real estate market had 25 homes for sale in August 2023, a 13.8% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The 59804 housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59804, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in 59804 in August 2023, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market
How long does it take to sell a home in 59804, MT?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 62 Days | 84 Days | +34.5% |
Summary: Homes in 59804 had an average of 84 days on market in Aug 2023, up by 34.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 59804 are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 5 homes were sold in 59804; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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© 2023 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.