Is 59917, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 59917 was a Neutral Market.
Key Takeaway
59917 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 59917, MT
How much do homes in 59917, MT cost?
Median Sold Price
$532,000
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 59917 have sold for 14.9% less than they did a year ago.
Summary: The median home sold price in 59917 was $532,000 in April 2024, down 14.9% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $215K | -21.8% |
| 2 Bedrooms | $433.7K | $409.5K | -5.6% |
| 3 Bedrooms | $665.5K | $599.9K | -9.9% |
| 4 Bedrooms | $824.5K | $627.2K | -23.9% |
| 5+ Bedrooms | $650K | $710K | +9.2% |
Summary: 59917 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.8%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Zip Codes
| 59930 | $538.9K | $491.5K | -8.8% |
| 59917 | $625K | $532K | -14.9% |
Housing Supply in 59917, MT
How many homes are available in 59917, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 53 | +17.8% |
Summary: The 59917 real estate market had 53 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 17 | 23 | +35.3% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 59917 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 59917, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 59917 in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for 59917, MT
How long does it take to sell a home in 59917, MT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 71 Days | 51 Days | -27.6% |
Summary: Homes in 59917 had an average of 51 days on market in Apr 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 59917 has remained consistent over time.
Summary: During April 2024, 4 homes were sold in 59917; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.