Is Kalispell Southwest, 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, Kalispell Southwest has remained a Buyer's Market.
Key Takeaway
Kalispell Southwest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kalispell Southwest, MT
How much do homes in Kalispell Southwest, MT cost?
Median Sold Price
$605,000
$386/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kalispell Southwest have sold for 6.9% less than they did a year ago.
Summary: The median home sold price in Kalispell Southwest was $605,000 in March 2024, down 6.9% from last year, and the median price per square foot was $386.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $598.5K | +286.1% |
| 2 Bedrooms | $567.5K | $462.5K | -18.5% |
| 3 Bedrooms | $640K | $639.5K | -0.1% |
| 4 Bedrooms | $724.7K | $604K | -16.7% |
| 5+ Bedrooms | $1.4M | $707.5K | -51.6% |
Summary: Kalispell Southwest housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 286.1%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 51.6%.
Median Sold Price Compared To Nearby Cities
| Kalispell Southwest | $650K | $605K | -6.9% |
| Lakeside-Somers | $803K | $707.5K | -11.9% |
| Kalispell Northwest | $896K | $740K | -17.4% |
Housing Supply in Kalispell Southwest, MT
How many homes are available in Kalispell Southwest, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 23 | +35.3% |
Summary: The Kalispell Southwest real estate market had 23 homes for sale in March 2024, a 35.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 7 | 10 | +42.9% |
| 4 Bedrooms | 1 | 4 | +300.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Kalispell Southwest housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 300%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalispell Southwest, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Kalispell Southwest in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kalispell Southwest, MT
How long does it take to sell a home in Kalispell Southwest, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 163 Days | 167 Days | +2.1% |
Summary: Homes in Kalispell Southwest had an average of 167 days on market in Mar 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kalispell Southwest has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Kalispell Southwest; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.