Is 59901, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 59901 has remained a Seller's Market.
Key Takeaway
59901 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 59901, MT
How much do homes in 59901, MT cost?
Median Sold Price
$545,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 59901 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 59901 was $545,000 in March 2024, down 2.3% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285K | $302K | +6.0% |
| 2 Bedrooms | $386.1K | $390.2K | +1.1% |
| 3 Bedrooms | $515.5K | $524K | +1.6% |
| 4 Bedrooms | $682.5K | $672.5K | -1.5% |
| 5+ Bedrooms | $875K | $874.5K | -0.1% |
Summary: 59901 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in 59901, MT
How many homes are available in 59901, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 292 | 336 | +15.1% |
Summary: The 59901 real estate market had 336 homes for sale in March 2024, a 15.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 40 | 48 | +20.0% |
| 3 Bedrooms | 135 | 152 | +12.6% |
| 4 Bedrooms | 70 | 80 | +14.3% |
| 5+ Bedrooms | 45 | 52 | +15.6% |
Summary: The 59901 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 60 | +36.4% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59901, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in 59901 in March 2024, up by 36.4% month-over-month. Of the 60 sold homes, 63% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for 59901, MT
How long does it take to sell a home in 59901, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 120 Days | 129 Days | +7.8% |
Summary: Homes in 59901 had an average of 129 days on market in Mar 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 59901 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 60 homes were sold in 59901; 8% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 55% 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© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.