Is Cascade County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cascade County has remained a Seller's Market.
Key Takeaway
Cascade County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cascade County, MT
How much do homes in Cascade County, MT cost?
Median Sold Price
$318,514
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Cascade County have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Cascade County was $318,514 in June 2024, up 8.1% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $163K | +5.2% |
| 2 Bedrooms | $192.5K | $219K | +13.8% |
| 3 Bedrooms | $280K | $305.1K | +9.0% |
| 4 Bedrooms | $312K | $346.7K | +11.1% |
| 5+ Bedrooms | $425K | $426.5K | 0.4% |
Summary: Cascade County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Counties
| Teton County | $250K | $280K | +12.0% |
| Cascade County | $294.6K | $318.5K | +8.1% |
| Chouteau County | $219K | $229K | +4.6% |
| Lewis and Clark County | $430.5K | $445K | +3.4% |
Housing Supply in Cascade County, MT
How many homes are available in Cascade County, MT?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 334 | 366 | +9.6% |
Summary: The Cascade County real estate market had 366 homes for sale in June 2024, a 9.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 56 | 67 | +19.6% |
| 3 Bedrooms | 109 | 108 | -0.9% |
| 4 Bedrooms | 103 | 108 | +4.9% |
| 5+ Bedrooms | 53 | 68 | +28.3% |
Summary: The Cascade County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 19.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 28.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 75 | 86 | +14.7% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cascade County, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.
Summary: A total of 86 homes were sold or pending in Cascade County in June 2024, up by 14.7% month-over-month. Of the 86 sold homes, 47% were sold under asking, 23% were sold at asking, and 30% were sold over asking.
Days on Market for Cascade County, MT
How long does it take to sell a home in Cascade County, MT?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 44 Days | 49 Days | +10.3% |
Summary: Homes in Cascade County had an average of 49 days on market in Jun 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cascade County has remained consistent over time.
Summary: During June 2024, 86 homes were sold in Cascade County; 37% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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.