Is Lewis and Clark County, 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, Lewis and Clark County has remained a Seller's Market.
Key Takeaway
Lewis and Clark County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lewis and Clark County, MT
How much do homes in Lewis and Clark County, MT cost?
Median Sold Price
$450,000
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Lewis and Clark County has remained the same since last year.
Summary: The median home sold price in Lewis and Clark County was $450,000 in March 2024, up 0.4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $250K | +8.2% |
| 2 Bedrooms | $315K | $355.9K | +13.0% |
| 3 Bedrooms | $440K | $438K | -0.4% |
| 4 Bedrooms | $490K | $495K | +1.0% |
| 5+ Bedrooms | $600K | $630K | +5.0% |
Summary: Lewis and Clark County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 13%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Counties
| Meagher County | $262K | $375K | +43.1% |
| Teton County | $245K | $279.5K | +14.1% |
| Cascade County | $297.2K | $318.6K | +7.2% |
| Powell County | $251.9K | $268.5K | +6.6% |
| Lewis and Clark County | $448.1K | $450K | 0.4% |
Housing Supply in Lewis and Clark County, MT
How many homes are available in Lewis and Clark County, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 237 | 251 | +5.9% |
Summary: The Lewis and Clark County real estate market had 251 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 36 | 31 | -13.9% |
| 3 Bedrooms | 92 | 104 | +13.0% |
| 4 Bedrooms | 69 | 73 | +5.8% |
| 5+ Bedrooms | 37 | 41 | +10.8% |
Summary: The Lewis and Clark County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lewis and Clark County, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.
Summary: A total of 47 homes were sold or pending in Lewis and Clark County in March 2024, down by 6.0% month-over-month. Of the 47 sold homes, 55% were sold under asking, 32% were sold at asking, and 13% were sold over asking.
Days on Market for Lewis and Clark County, MT
How long does it take to sell a home in Lewis and Clark County, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 74 Days | 65 Days | -12.2% |
Summary: Homes in Lewis and Clark County had an average of 65 days on market in Mar 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lewis and Clark County has remained consistent over time.
Summary: During March 2024, 47 homes were sold in Lewis and Clark County; 32% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 28% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.