Is Frenchtown-Wye, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Frenchtown-Wye has remained a Seller's Market.
Key Takeaway
Frenchtown-Wye is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frenchtown-Wye, MT
How much do homes in Frenchtown-Wye, MT cost?
Median Sold Price
$612,500
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frenchtown-Wye have sold for 8% less than they did a year ago.
Summary: The median home sold price in Frenchtown-Wye was $612,500 in March 2024, down 8% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527K | - | N/A |
| 2 Bedrooms | $725K | $564.9K | -22.1% |
| 3 Bedrooms | $619.3K | $546.5K | -11.7% |
| 4 Bedrooms | $680.5K | $671.3K | -1.3% |
| 5+ Bedrooms | $676.5K | $777.5K | +14.9% |
Summary: Frenchtown-Wye housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.1%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 14.9%.
Housing Supply in Frenchtown-Wye, MT
How many homes are available in Frenchtown-Wye, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 35 | +20.7% |
Summary: The Frenchtown-Wye real estate market had 35 homes for sale in March 2024, a 20.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 8 | 12 | +50.0% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Frenchtown-Wye housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Frenchtown-Wye, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Frenchtown-Wye in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Frenchtown-Wye, MT
How long does it take to sell a home in Frenchtown-Wye, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 90 Days | 161 Days | +79.3% |
Summary: Homes in Frenchtown-Wye had an average of 161 days on market in Mar 2024, up by 79.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Frenchtown-Wye are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Frenchtown-Wye; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% 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.