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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Powell County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Powell County was a Neutral Market.

Key Takeaway

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

Housing Prices in Powell County, MT

How much do homes in Powell County, MT cost?

Median Sold Price

$268,500

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$16,550(+6.6%)

Key Takeaway

Homes in Powell County have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Powell County was $268,500 in March 2024, up 6.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $196.2K$217.5K
+10.8%
2 $245K$240.5K
-1.8%
3 $241.5K$308K
+27.5%
4 $415K$346K
-16.6%
5+ $424.7K$255K
-40.0%

Summary: Powell County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes decreased by 40%.

Median Sold Price Compared To Nearby Counties

Deer Lodge County
+12.5%
Powell County
+6.6%
Missoula County
+2.9%
Lewis and Clark County
0.4%

Housing Supply in Powell County, MT

How many homes are available in Powell County, MT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3630-16.7%

Summary: The Powell County real estate market had 30 homes for sale in March 2024, a 16.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 43
-25.0%
2 1310
-23.1%
3 1212
0.0%
4 64
-33.3%
5+ 11
0.0%

Summary: The Powell County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Powell County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Powell County in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Powell County, MT

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

Average Sale Time

Mar 2023Mar 2024CHANGE
8 Days113 Days+1209.6%

Summary: Homes in Powell County had an average of 113 days on market in Mar 2024, up by 1209.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Powell County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 2 homes were sold in Powell County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 Powell County, MT

Nearby Markets to Powell County, MT

What housing markets are near Powell County, MT?