Is Missoula 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, Missoula County has remained a Seller's Market.
Housing Prices in Missoula County, MT
How much do homes in Missoula County, MT cost?
Median Sold Price
$560,400
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Missoula County was $560,400 in March 2024, up 2.9% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286K | $300.5K | +5.1% |
2 Bedrooms | $392.9K | $415K | +5.6% |
3 Bedrooms | $530K | $545.3K | +2.9% |
4 Bedrooms | $625K | $665K | +6.4% |
5+ Bedrooms | $745K | $749K | 0.5% |
Summary: Missoula County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Counties
Powell County | $251.9K | $268.5K | +6.6% |
Lake County | $501.6K | $523.7K | +4.4% |
Missoula County | $544.7K | $560.4K | +2.9% |
Mineral County | $441.2K | $425K | -3.7% |
Housing Supply in Missoula County, MT
How many homes are available in Missoula County, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
317 | 366 | +15.5% |
Summary: The Missoula County real estate market had 366 homes for sale in March 2024, a 15.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 58 | 73 | +25.9% |
3 Bedrooms | 130 | 147 | +13.1% |
4 Bedrooms | 75 | 85 | +13.3% |
5+ Bedrooms | 43 | 49 | +14.0% |
Summary: The Missoula County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 14%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 71 | +10.9% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 71 homes were sold or pending in Missoula County in March 2024, up by 10.9% month-over-month. Of the 71 sold homes, 69% were sold under asking, 14% were sold at asking, and 17% were sold over asking.
Days on Market for Missoula County, MT
How long does it take to sell a home in Missoula County, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 125 Days | +51.5% |
Summary: Homes in Missoula County had an average of 125 days on market in Mar 2024, up by 51.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
40 Homes Were Sold
Over 90 Days
Summary: During March 2024, 71 homes were sold in Missoula County; 18% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.