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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Park County is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Park County, MT

How much do homes in Park County, MT cost?

Median Sold Price

$509,500

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,500(-2.0%)

Key Takeaway

Homes in Park County have sold for 2% less than they did a year ago.

Summary: The median home sold price in Park County was $509,500 in February 2024, down 2% from last year, and the median price per square foot was $300.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $480K$369K
-23.1%
2 $350K$401K
+14.6%
3 $537.5K$532.5K
-0.9%
4 $599K$615K
+2.7%
5+ $792K$749K
-5.4%

Summary: Park County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 5.4%.

Median Sold Price Compared To Nearby Counties

Gallatin County
+3.2%
Park County
-2.0%

Housing Supply in Park County, MT

How many homes are available in Park County, MT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6154-11.5%

Summary: The Park County real estate market had 54 homes for sale in February 2024, a 11.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 43
-25.0%
2 1712
-29.4%
3 2422
-8.3%
4 1112
+9.1%
5+ 55
0.0%

Summary: The Park County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
116-45.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Park County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Park County in February 2024, down by 45.5% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Park County, MT

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

Average Sale Time

Feb 2023Feb 2024CHANGE
64 Days98 Days+53.0%

Summary: Homes in Park County had an average of 98 days on market in Feb 2024, up by 53% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 6 homes were sold in Park County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

Newest Listings in Park County, MT

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