Is Great Falls, 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, Great Falls has remained a Seller's Market.
Housing Prices in Great Falls, MT
How much do homes in Great Falls, MT cost?
Median Sold Price
$317,250
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Great Falls was $317,250 in March 2024, up 7.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $148.9K | +12.0% |
2 Bedrooms | $193.5K | $220K | +13.7% |
3 Bedrooms | $275.6K | $305.6K | +10.9% |
4 Bedrooms | $308K | $337.7K | +9.6% |
5+ Bedrooms | $408.7K | $425K | +4.0% |
Summary: Great Falls housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 4%.
Housing Supply in Great Falls, MT
How many homes are available in Great Falls, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
203 | 222 | +9.4% |
Summary: The Great Falls real estate market had 222 homes for sale in March 2024, a 9.4% 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 | 42 | 44 | +4.8% |
3 Bedrooms | 56 | 64 | +14.3% |
4 Bedrooms | 61 | 68 | +11.5% |
5+ Bedrooms | 43 | 45 | +4.7% |
Summary: The Great Falls 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 4.8%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 57 | +16.3% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 57 homes were sold or pending in Great Falls in March 2024, up by 16.3% month-over-month. Of the 57 sold homes, 58% were sold under asking, 19% were sold at asking, and 23% were sold over asking.
Days on Market for Great Falls, MT
How long does it take to sell a home in Great Falls, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
69 Days | 76 Days | +9.6% |
Summary: Homes in Great Falls had an average of 76 days on market in Mar 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During March 2024, 57 homes were sold in Great Falls; 30% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.