Is Thompson Falls-West End, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Thompson Falls-West End has remained a Buyer's Market.
Key Takeaway
Thompson Falls-West End is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Thompson Falls-West End, MT
How much do homes in Thompson Falls-West End, MT cost?
Median Sold Price
$707,500
$296/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Thompson Falls-West End have sold for 26.3% more than they did a month ago.
Summary: The median home sold price in Thompson Falls-West End was $707,500 in March 2024, up 26.3% from last month, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $439K | N/A |
| 3 Bedrooms | $560K | $770K | +37.5% |
| 4 Bedrooms | $365K | - | N/A |
| 5+ Bedrooms | $1.4M | - | N/A |
Summary: Thompson Falls-West End housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 37.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thompson Falls-West End | $560K | $707.5K | +26.3% |
| Trout Creek | $1.4M | $604.5K | -58.3% |
Housing Supply in Thompson Falls-West End, MT
How many homes are available in Thompson Falls-West End, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The Thompson Falls-West End real estate market had 43 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Thompson Falls-West End housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson Falls-West End, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Thompson Falls-West End in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Thompson Falls-West End, MT
How long does it take to sell a home in Thompson Falls-West End, MT?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 149 Days | 156 Days | +5.0% |
Summary: Homes in Thompson Falls-West End had an average of 156 days on market in Mar 2024, up by 5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Thompson Falls-West End are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Thompson Falls-West End; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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.