Is Park 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, Park County has remained a Seller's Market.
Housing Prices in Park County, MT
How much do homes in Park County, MT cost?
Median Sold Price
$509,000
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Park County was $509,000 in March 2024, down 3.2% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $369K | -23.1% |
2 Bedrooms | $349K | $368.5K | +5.6% |
3 Bedrooms | $525K | $520K | -1.0% |
4 Bedrooms | $599K | $615K | +2.7% |
5+ Bedrooms | $792K | $749K | -5.4% |
Summary: Park County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Counties
Gallatin County | $687K | $713.2K | +3.8% |
Park County | $526K | $509K | -3.2% |
Housing Supply in Park County, MT
How many homes are available in Park County, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
63 | 71 | +12.7% |
Summary: The Park County real estate market had 71 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 15 | 18 | +20.0% |
3 Bedrooms | 23 | 29 | +26.1% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Park County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 26.1%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Park County in March 2024, up by 150.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 35 Days | -56.2% |
Summary: Homes in Park County had an average of 35 days on market in Mar 2024, down by 56.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Park County; 53% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.