Is Deer Lodge County, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Deer Lodge County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Deer Lodge County was a Seller's Market.

Key Takeaway

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

Housing Prices in Deer Lodge County, MT

How much do homes in Deer Lodge County, MT cost?

Median Sold Price

$287,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$32,000(+12.5%)

Key Takeaway

Homes in Deer Lodge County have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Deer Lodge County was $287,000 in March 2024, up 12.5% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $141K$322.5K
+128.7%
2 $202K$228.7K
+13.2%
3 $290K$305K
+5.2%
4 $321.5K$372K
+15.7%
5+ $296.7K$467.5K
+57.5%

Summary: Deer Lodge County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 128.7%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 57.5%.

Median Sold Price Compared To Nearby Counties

Deer Lodge County
+12.5%
Beaverhead County
+6.7%
Silver Bow County
+6.1%
Jefferson County
-6.5%

Housing Supply in Deer Lodge County, MT

How many homes are available in Deer Lodge County, MT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5563+14.5%

Summary: The Deer Lodge County real estate market had 63 homes for sale in March 2024, a 14.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 45
+25.0%
2 1717
0.0%
3 1719
+11.8%
4 812
+50.0%
5+ 910
+11.1%

Summary: The Deer Lodge County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Deer Lodge County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Deer Lodge County in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Deer Lodge County, MT

How long does it take to sell a home in Deer Lodge County, MT?

Average Sale Time

Mar 2023Mar 2024CHANGE
42 Days58 Days+37.6%

Summary: Homes in Deer Lodge County had an average of 58 days on market in Mar 2024, up by 37.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 5 homes were sold in Deer Lodge County; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 18 Days Ago

Newest Listings in Deer Lodge County, MT

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