Is 59868, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59868 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 59868 was a Seller's Market.

Key Takeaway

59868 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59868, MT

How much do homes in 59868, MT cost?

Median Sold Price

$496,200

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$103,750(-17.3%)

Key Takeaway

Homes in 59868 have sold for 17.3% less than they did a year ago.

Summary: The median home sold price in 59868 was $496,200 in February 2024, down 17.3% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $149K$307.5K
+106.4%
2 $497K$489.9K
-1.4%
3 $594.9K$480K
-19.3%
4 $750K$656.9K
-12.4%
5+ $1.1M$670K
-41.7%

Summary: 59868 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.4%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 19.3%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 41.7%.

Housing Supply in 59868, MT

How many homes are available in 59868, MT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1820+11.1%

Summary: The 59868 real estate market had 20 homes for sale in February 2024, a 11.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 56
+20.0%
3 78
+14.3%
4 33
0.0%
5+ 11
0.0%

Summary: The 59868 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 increased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59868, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 59868 in February 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 59868, MT

How long does it take to sell a home in 59868, MT?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days30 Days-41.3%

Summary: Homes in 59868 had an average of 30 days on market in Feb 2024, down by 41.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59868 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in 59868; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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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