Is Park County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Park County was a Seller's Market.
Housing Prices in Park County, MT
How much do homes in Park County, MT cost?
Median Sold Price
$518,500
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Park County was $518,500 in June 2024, down 2.2% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $482.5K | $432K | -10.5% |
2 Bedrooms | $350K | $362K | +3.4% |
3 Bedrooms | $545K | $533.7K | -2.1% |
4 Bedrooms | $592K | $690K | +16.6% |
5+ Bedrooms | $816K | $640K | -21.6% |
Summary: Park County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 16.6%, and 5+ bedroom homes decreased by 21.6%.
Median Sold Price Compared To Nearby Counties
Sweet Grass County | $330K | $400K | +21.2% |
Gallatin County | $670.3K | $719.9K | +7.4% |
Park County | $530K | $518.5K | -2.2% |
Housing Supply in Park County, MT
How many homes are available in Park County, MT?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
116 | 132 | +13.8% |
Summary: The Park County real estate market had 132 homes for sale in June 2024, a 13.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 11 | +10.0% |
2 Bedrooms | 31 | 29 | -6.5% |
3 Bedrooms | 42 | 43 | +2.4% |
4 Bedrooms | 22 | 31 | +40.9% |
5+ Bedrooms | 11 | 18 | +63.6% |
Summary: The Park County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 63.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Park County in June 2024, down by 27.8% month-over-month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
75 Days | 54 Days | -28.1% |
Summary: Homes in Park County had an average of 54 days on market in Jun 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 13 homes were sold in Park County; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.