Is Kalispell, 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 has remained a Seller's Market.
Key Takeaway
Kalispell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalispell, MT
How much do homes in Kalispell, MT cost?
Median Sold Price
$545,000
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kalispell have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Kalispell was $545,000 in March 2024, down 2.3% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $302K | -5.6% |
| 2 Bedrooms | $385.3K | $390.5K | +1.3% |
| 3 Bedrooms | $515.7K | $523.5K | +1.5% |
| 4 Bedrooms | $682.5K | $670K | -1.8% |
| 5+ Bedrooms | $875K | $874.5K | -0.1% |
Summary: Kalispell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Kalispell | $557.9K | $545K | -2.3% |
| Lakeside-Somers | $803K | $707.5K | -11.9% |
Housing Supply in Kalispell, MT
How many homes are available in Kalispell, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 290 | 333 | +14.8% |
Summary: The Kalispell real estate market had 333 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 40 | 48 | +20.0% |
| 3 Bedrooms | 134 | 150 | +11.9% |
| 4 Bedrooms | 69 | 79 | +14.5% |
| 5+ Bedrooms | 45 | 52 | +15.6% |
Summary: The Kalispell housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 60 | +36.4% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalispell, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Kalispell in March 2024, up by 36.4% month-over-month. Of the 60 sold homes, 63% were sold under asking, 23% were sold at asking, and 13% were sold over asking.
Days on Market for Kalispell, MT
How long does it take to sell a home in Kalispell, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 122 Days | 129 Days | +5.4% |
Summary: Homes in Kalispell had an average of 129 days on market in Mar 2024, up by 5.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kalispell are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 60 homes were sold in Kalispell; 8% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 55% 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.