Is Lake County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lake County was a Neutral Market.
Housing Prices in Lake County, MT
How much do homes in Lake County, MT cost?
Median Sold Price
$523,750
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lake County was $523,750 in March 2024, up 4.4% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $292K | +6.2% |
2 Bedrooms | $400K | $331.5K | -17.1% |
3 Bedrooms | $506.7K | $525K | +3.6% |
4 Bedrooms | $749K | $662K | -11.6% |
5+ Bedrooms | $794.5K | $630K | -20.7% |
Summary: Lake County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.2%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 11.6%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Counties
Sanders County | $417.5K | $459K | +9.9% |
Lake County | $501.6K | $523.7K | +4.4% |
Missoula County | $544.7K | $560.4K | +2.9% |
Flathead County | $627.3K | $629.4K | 0.3% |
Housing Supply in Lake County, MT
How many homes are available in Lake County, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 129 | +26.5% |
Summary: The Lake County real estate market had 129 homes for sale in March 2024, a 26.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 15 | 25 | +66.7% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 27 | 32 | +18.5% |
5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Lake County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Lake County in March 2024, up by 62.5% month-over-month. Of the 13 sold homes, 92% were sold under asking, 8% were sold at asking, and 0% were sold over asking.
Days on Market for Lake County, MT
How long does it take to sell a home in Lake County, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
116 Days | 137 Days | +18.5% |
Summary: Homes in Lake County had an average of 137 days on market in Mar 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Lake County; 8% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 69% of homes were sold over 90 days.