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 February 2023

At the same time last year, Deer Lodge County was a Neutral 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

$286,000

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$36,000(+14.4%)

Key Takeaway

Homes in Deer Lodge County have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in Deer Lodge County was $286,000 in February 2024, up 14.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $137K$265K
+93.4%
2 $210K$200K
-4.8%
3 $282.5K$317.5K
+12.4%
4 $337.5K$372K
+10.2%
5+ $450.7K$405K
-10.1%

Summary: Deer Lodge County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.4%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 10.1%.

Median Sold Price Compared To Nearby Counties

Deer Lodge County
+14.4%
Beaverhead County
+9.3%
Silver Bow County
+5.7%
Jefferson County
-8.3%

Housing Supply in Deer Lodge County, MT

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

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6356-11.1%

Summary: The Deer Lodge County real estate market had 56 homes for sale in February 2024, a 11.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 64
-33.3%
2 2017
-15.0%
3 1517
+13.3%
4 109
-10.0%
5+ 129
-25.0%

Summary: The Deer Lodge County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were 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. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Deer Lodge County in February 2024, down by 45.5% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
118 Days143 Days+21.3%

Summary: Homes in Deer Lodge County had an average of 143 days on market in Feb 2024, up by 21.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Deer Lodge County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 6 homes were sold in Deer Lodge County; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 83% 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 28 Days Ago

Newest Listings in Deer Lodge County, MT

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What housing markets are near Deer Lodge County, MT?