Is Helena, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Helena has remained a Seller's Market.
Housing Prices in Helena, MT
How much do homes in Helena, MT cost?
Median Sold Price
$449,983
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Helena was $449,983 in February 2024, up 2% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239K | $318K | +33.1% |
2 Bedrooms | $317.5K | $347.5K | +9.4% |
3 Bedrooms | $428K | $439.4K | +2.7% |
4 Bedrooms | $485K | $489.9K | +1.0% |
5+ Bedrooms | $582.5K | $615K | +5.6% |
Summary: Helena housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.1%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5.6%.
Housing Supply in Helena, MT
How many homes are available in Helena, MT?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
164 | 171 | +4.3% |
Summary: The Helena real estate market had 171 homes for sale in February 2024, a 4.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 23 | 27 | +17.4% |
3 Bedrooms | 59 | 64 | +8.5% |
4 Bedrooms | 41 | 41 | 0.0% |
5+ Bedrooms | 40 | 37 | -7.5% |
Summary: The Helena housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 8.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 35 | -10.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Helena in February 2024, down by 10.3% month-over-month. Of the 35 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% were sold over asking.
Days on Market for Helena, MT
How long does it take to sell a home in Helena, MT?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
71 Days | 76 Days | +6.9% |
Summary: Homes in Helena had an average of 76 days on market in Feb 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During February 2024, 35 homes were sold in Helena; 23% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.