Is Mineral County, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Mineral County was a Seller's Market.

Key Takeaway

Mineral County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mineral County, MT

How much do homes in Mineral County, MT cost?

Median Sold Price

$427,450

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$22,550(-5.0%)

Key Takeaway

Homes in Mineral County have sold for 5% less than they did a year ago.

Summary: The median home sold price in Mineral County was $427,450 in February 2024, down 5% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $360K$345K
-4.2%
2 $385K$402.5K
+4.5%
3 $547.5K$425K
-22.4%
4 $450K$429.9K
-4.5%
5+ $2.2M$1.6M
-27.0%

Summary: Mineral County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.2%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 27%.

Median Sold Price Compared To Nearby Counties

Missoula County
+3.3%
Mineral County
-5.0%

Housing Supply in Mineral County, MT

How many homes are available in Mineral County, MT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2223+4.5%

Summary: The Mineral County real estate market had 23 homes for sale in February 2024, a 4.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 44
0.0%
2 56
+20.0%
3 810
+25.0%
4 32
-33.3%
5+ 21
-50.0%

Summary: The Mineral County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 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 Mineral County, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Mineral County in February 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mineral County, MT

How long does it take to sell a home in Mineral County, MT?

Average Sale Time

Feb 2023Feb 2024CHANGE
152 Days10 Days-93.4%

Summary: Homes in Mineral County had an average of 10 days on market in Feb 2024, down by 93.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mineral County are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 1 homes were sold in Mineral County; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Mineral County, MT

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