Is Lakeside-Somers, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakeside-Somers is a buyer's market

Buyer's
Market

Difference Since September 2023

Since last year, Lakeside-Somers has remained a Buyer'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

$835,000

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$122,500(+17.2%)

Key Takeaway

Homes in Lakeside-Somers have sold for 17.2% more than they did a year ago.

Summary: The median home sold price in Lakeside-Somers was $835,000 in September 2024, up 17.2% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$650K
N/A
2 $600K$428K
-28.7%
3 $639K$847.5K
+32.6%
4 $840K$780K
-7.1%
5+ $765K$1.5M
+105.9%

Summary: Lakeside-Somers housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.7%, 3 bedroom homes increased by 32.6%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 105.9%.

Median Sold Price Compared To Nearby Cities

Lakeside
+18.5%
Lakeside-Somers
+17.2%
Somers
+13.9%
Kalispell
-1.8%

Housing Supply in Lakeside-Somers, MT

How many homes are available in Lakeside-Somers, MT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8683-3.5%

Summary: The Lakeside-Somers real estate market had 83 homes for sale in September 2024, a 3.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 21
-50.0%
2 65
-16.7%
3 3128
-9.7%
4 3131
0.0%
5+ 1618
+12.5%

Summary: The Lakeside-Somers housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakeside-Somers, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Lakeside-Somers in September 2024, down by 18.2% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% 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

Sep 2023Sep 2024CHANGE
48 Days94 Days+95.8%

Summary: Homes in Lakeside-Somers had an average of 94 days on market in Sep 2024, up by 95.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lakeside-Somers has remained consistent over time.

Summary: During September 2024, 9 homes were sold in Lakeside-Somers; 0% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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