Is 59912, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, 59912 has remained a Seller's Market.
Housing Prices in 59912, MT
How much do homes in 59912, MT cost?
Median Sold Price
$608,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 59912 was $608,000 in February 2024, up 4.4% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $390K | - | N/A |
2 Bedrooms | $430K | $398K | -7.4% |
3 Bedrooms | $565K | $601K | +6.4% |
4 Bedrooms | $750K | $750K | 0.0% |
5+ Bedrooms | $965K | $747.5K | -22.5% |
Summary: 59912 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 7.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 22.5%.
Housing Supply in 59912, MT
How many homes are available in 59912, MT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
50 | 62 | +24.0% |
Summary: The 59912 real estate market had 62 homes for sale in February 2024, a 24.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 15 | 22 | +46.7% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The 59912 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 59912 in February 2024, up by 175.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for 59912, MT
How long does it take to sell a home in 59912, MT?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
85 Days | 114 Days | +34.2% |
Summary: Homes in 59912 had an average of 114 days on market in Feb 2024, up by 34.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in 59912; 9% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 64% of homes were sold over 90 days.