Is 59834, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59834 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 59834 has remained a Seller's Market.

Key Takeaway

59834 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59834, MT

How much do homes in 59834, MT cost?

Median Sold Price

$595,000

$321/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$80,500(-11.9%)

Key Takeaway

Homes in 59834 have sold for 11.9% less than they did a year ago.

Summary: The median home sold price in 59834 was $595,000 in March 2024, down 11.9% from last year, and the median price per square foot was $321.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $785K$488.7K
-37.7%
3 $595.8K$589.9K
-1.0%
4 $680.5K$760K
+11.7%
5+ $675K$843.9K
+25.0%

Summary: 59834 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 37.7%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 25%.

Median Sold Price Compared To Nearby Zip Codes

59808
-0.9%
59804
-4.9%
59834
-11.9%

Housing Supply in 59834, MT

How many homes are available in 59834, MT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
912+33.3%

Summary: The 59834 real estate market had 12 homes for sale in March 2024, a 33.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 23
+50.0%
4 46
+50.0%
5+ 22
0.0%

Summary: The 59834 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
04+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59834, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 59834 in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 59834, MT

How long does it take to sell a home in 59834, MT?

Average Sale Time

Mar 2023Mar 2024CHANGE
95 Days90 Days-5.0%

Summary: Homes in 59834 had an average of 90 days on market in Mar 2024, down by 5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59834 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 4 homes were sold in 59834; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 18 Days Ago

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