Is 59864, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59864 is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, 59864 has remained a Buyer's Market.

Key Takeaway

59864 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59864, MT

How much do homes in 59864, MT cost?

Median Sold Price

$408,000

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$115,750(+39.6%)

Key Takeaway

Homes in 59864 have sold for 39.6% more than they did a year ago.

Summary: The median home sold price in 59864 was $408,000 in February 2024, up 39.6% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$208K
N/A
2 $252.7K$252.5K
-0.1%
3 $242.5K$445K
+83.5%
4 $635K$425K
-33.1%
5+ $434K$495K
+14.1%

Summary: 59864 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 83.5%, 4 bedroom homes decreased by 33.1%, and 5+ bedroom homes increased by 14.1%.

Median Sold Price Compared To Nearby Zip Codes

59864
+39.6%
59860
+4.6%

Housing Supply in 59864, MT

How many homes are available in 59864, MT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1112+9.1%

Summary: The 59864 real estate market had 12 homes for sale in February 2024, a 9.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 46
+50.0%
4 54
-20.0%
5+ 00
0.0%

Summary: The 59864 housing inventory by bedroom type for February 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 decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59864, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in 59864 in February 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for 59864, MT

How long does it take to sell a home in 59864, MT?

Average Sale Time

Feb 2023Feb 2024CHANGE
98 Days205 Days+109.2%

Summary: Homes in 59864 had an average of 205 days on market in Feb 2024, up by 109.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59864 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in 59864; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 28 Days Ago

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