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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flathead County is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Flathead County, MT

How much do homes in Flathead County, MT cost?

Median Sold Price

$629,928

$351/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$1,083(+0.2%)

Key Takeaway

The sold price of homes in Flathead County has remained the same since last year.

Summary: The median home sold price in Flathead County was $629,928 in February 2024, up 0.2% from last year, and the median price per square foot was $351.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $457.4K$377.5K
-17.5%
2 $499K$495K
-0.8%
3 $588.8K$599.2K
+1.8%
4 $809.5K$771.6K
-4.7%
5+ $1.1M$917.5K
-18.4%

Summary: Flathead County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 18.4%.

Median Sold Price Compared To Nearby Counties

Glacier County
+12.5%
Pondera County
+7.6%
Lake County
+2.6%
Flathead County
0.2%
Lincoln County
-18.9%

Housing Supply in Flathead County, MT

How many homes are available in Flathead County, MT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
616676+9.7%

Summary: The Flathead County real estate market had 676 homes for sale in February 2024, a 9.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 3234
+6.3%
2 96112
+16.7%
3 232260
+12.1%
4 163167
+2.5%
5+ 93103
+10.8%

Summary: The Flathead County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
6975+8.7%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flathead County, you may be able to get a good deal. 62.7% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Flathead County in February 2024, up by 8.7% month-over-month. Of the 75 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% were sold over asking.

Days on Market for Flathead County, MT

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

Average Sale Time

Feb 2023Feb 2024CHANGE
111 Days121 Days+9.0%

Summary: Homes in Flathead County had an average of 121 days on market in Feb 2024, up by 9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

46 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 75 homes were sold in Flathead County; 15% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 61% 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 27 Days Ago

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