Is Lolo, 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, Lolo has remained a Seller's Market.
Key Takeaway
Lolo is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lolo, MT
How much do homes in Lolo, MT cost?
Median Sold Price
$598,250
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lolo have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Lolo was $598,250 in March 2024, up 8.3% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $434.5K | - | N/A |
| 2 Bedrooms | $442.5K | $556K | +25.6% |
| 3 Bedrooms | $525K | $559K | +6.5% |
| 4 Bedrooms | $652.5K | $598.2K | -8.3% |
| 5+ Bedrooms | $784.5K | $820K | +4.5% |
Summary: Lolo 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 increased by 25.6%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
| Lolo | $552.5K | $598.2K | +8.3% |
| Missoula | $540.7K | $560.2K | +3.6% |
| Florence | $654.9K | $650K | -0.8% |
| Frenchtown-Wye | $665.5K | $612.5K | -8.0% |
Housing Supply in Lolo, MT
How many homes are available in Lolo, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 47 | +27.0% |
Summary: The Lolo real estate market had 47 homes for sale in March 2024, a 27.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Lolo 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lolo, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Lolo in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Lolo, MT
How long does it take to sell a home in Lolo, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 96 Days | +23.6% |
Summary: Homes in Lolo had an average of 96 days on market in Mar 2024, up by 23.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lolo are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in Lolo; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% 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.