Is Ravalli County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ravalli County was a Seller's Market.
Key Takeaway
Ravalli County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ravalli County, MT
How much do homes in Ravalli County, MT cost?
Median Sold Price
$595,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ravalli County have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Ravalli County was $595,000 in March 2024, up 1.7% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $360K | $391K | +8.6% |
| 2 Bedrooms | $400K | $424K | +6.0% |
| 3 Bedrooms | $578.7K | $594.3K | +2.7% |
| 4 Bedrooms | $748.5K | $765K | +2.2% |
| 5+ Bedrooms | $825K | $990K | +20.0% |
Summary: Ravalli County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 20%.
Median Sold Price Compared To Nearby Counties
| Deer Lodge County | $255K | $287K | +12.5% |
| Beaverhead County | $349K | $372.5K | +6.7% |
| Missoula County | $544.7K | $560.4K | +2.9% |
| Ravalli County | $585K | $595K | +1.7% |
Housing Supply in Ravalli County, MT
How many homes are available in Ravalli County, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 198 | 243 | +22.7% |
Summary: The Ravalli County real estate market had 243 homes for sale in March 2024, a 22.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 10 | +100.0% |
| 2 Bedrooms | 31 | 38 | +22.6% |
| 3 Bedrooms | 109 | 131 | +20.2% |
| 4 Bedrooms | 39 | 48 | +23.1% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Ravalli County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ravalli County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Ravalli County in March 2024, up by 7.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Ravalli County, MT
How long does it take to sell a home in Ravalli County, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 105 Days | 118 Days | +12.4% |
Summary: Homes in Ravalli County had an average of 118 days on market in Mar 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ravalli County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 28 homes were sold in Ravalli County; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.