Is Libby, 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, Libby was a Seller's Market.
Housing Prices in Libby, MT
How much do homes in Libby, MT cost?
Median Sold Price
$340,000
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Libby was $340,000 in March 2024, up 15.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $222.5K | $80K | -64.0% |
2 Bedrooms | $241K | $280K | +16.2% |
3 Bedrooms | $327.5K | $397.4K | +21.4% |
4 Bedrooms | $356.5K | $353.5K | -0.8% |
5+ Bedrooms | $370K | $345K | -6.8% |
Summary: Libby housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 6.8%.
Housing Supply in Libby, MT
How many homes are available in Libby, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 60 | +3.4% |
Summary: The Libby real estate market had 60 homes for sale in March 2024, a 3.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 29 | 27 | -6.9% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Libby housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Libby in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Libby, MT
How long does it take to sell a home in Libby, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
116 Days | 208 Days | +79.1% |
Summary: Homes in Libby had an average of 208 days on market in Mar 2024, up by 79.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Libby; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 89% of homes were sold over 90 days.