Is 59860, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 59860 was a Neutral Market.
Housing Prices in 59860, MT
How much do homes in 59860, MT cost?
Median Sold Price
$525,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 59860 was $525,000 in March 2024, down 3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $265K | -19.7% |
2 Bedrooms | $399K | $325K | -18.5% |
3 Bedrooms | $524.4K | $505K | -3.7% |
4 Bedrooms | $825K | $662K | -19.8% |
5+ Bedrooms | $757K | $694.5K | -8.3% |
Summary: 59860 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 19.8%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Zip Codes
59922 | $725K | $775K | +6.9% |
59860 | $541K | $525K | -3.0% |
Housing Supply in 59860, MT
How many homes are available in 59860, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
54 | 69 | +27.8% |
Summary: The 59860 real estate market had 69 homes for sale in March 2024, a 27.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The 59860 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 increased by 50%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in 59860 in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for 59860, MT
How long does it take to sell a home in 59860, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 126 Days | +33.3% |
Summary: Homes in 59860 had an average of 126 days on market in Mar 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in 59860; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.