Is Lake County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lake County was a Seller's Market.
Housing Prices in Lake County, MT
How much do homes in Lake County, MT cost?
Median Sold Price
$505,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lake County was $505,000 in June 2024, up 5.9% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $269.5K | -18.3% |
2 Bedrooms | $338K | $389.5K | +15.2% |
3 Bedrooms | $501K | $497K | -0.8% |
4 Bedrooms | $635K | $662.5K | +4.3% |
5+ Bedrooms | $680K | $697.5K | +2.6% |
Summary: Lake County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes increased by 15.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
Lake County | $477K | $505K | +5.9% |
Flathead County | $600.7K | $631K | +5.0% |
Missoula County | $525K | $550K | +4.8% |
Sanders County | $480K | $437K | -9.0% |
Housing Supply in Lake County, MT
How many homes are available in Lake County, MT?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
173 | 211 | +22.0% |
Summary: The Lake County real estate market had 211 homes for sale in June 2024, a 22.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 69 | 87 | +26.1% |
4 Bedrooms | 48 | 55 | +14.6% |
5+ Bedrooms | 21 | 28 | +33.3% |
Summary: The Lake County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18 | 21 | +16.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lake County in June 2024, up by 16.7% month-over-month. Of the 21 sold homes, 67% were sold under asking, 19% were sold at asking, and 14% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
81 Days | 94 Days | +16.1% |
Summary: Homes in Lake County had an average of 94 days on market in Jun 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During June 2024, 21 homes were sold in Lake County; 10% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 48% of homes were sold over 90 days.