Is Lakeside-Somers, 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, Lakeside-Somers was a Seller's Market.
Key Takeaway
Lakeside-Somers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakeside-Somers, MT
How much do homes in Lakeside-Somers, MT cost?
Median Sold Price
$707,500
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lakeside-Somers have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Lakeside-Somers was $707,500 in March 2024, down 11.9% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $694K | $405K | -41.6% |
| 3 Bedrooms | $680.2K | $650K | -4.4% |
| 4 Bedrooms | $875K | $775K | -11.4% |
| 5+ Bedrooms | $1.2M | $855K | -30.9% |
Summary: Lakeside-Somers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 41.6%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 30.9%.
Housing Supply in Lakeside-Somers, MT
How many homes are available in Lakeside-Somers, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 52 | +10.6% |
Summary: The Lakeside-Somers real estate market had 52 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 12 | 18 | +50.0% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lakeside-Somers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeside-Somers, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Lakeside-Somers in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Lakeside-Somers, MT
How long does it take to sell a home in Lakeside-Somers, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 92 Days | 70 Days | -23.5% |
Summary: Homes in Lakeside-Somers had an average of 70 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lakeside-Somers are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Lakeside-Somers; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.