Is Deer Lodge County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Deer Lodge County was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137K | $265K | +93.4% |
2 Bedrooms | $210K | $200K | -4.8% |
3 Bedrooms | $282.5K | $317.5K | +12.4% |
4 Bedrooms | $337.5K | $372K | +10.2% |
5+ Bedrooms | $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 | $250K | $286K | +14.4% |
Beaverhead County | $339.7K | $371.2K | +9.3% |
Silver Bow County | $255.6K | $270.2K | +5.7% |
Jefferson County | $534.5K | $489.9K | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
63 | 56 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 12 | 9 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 6 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
118 Days | 143 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
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.