Is Townsend, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Townsend has remained a Buyer's Market.
Key Takeaway
Townsend is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Townsend, MT
How much do homes in Townsend, MT cost?
Median Sold Price
$389,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Townsend have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Townsend was $389,500 in November 2023, down 2.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.7K | $299K | -14.5% |
| 2 Bedrooms | $325K | $322.5K | -0.8% |
| 3 Bedrooms | $436.5K | $389K | -10.9% |
| 4 Bedrooms | $522.5K | $420K | -19.6% |
| 5+ Bedrooms | $485K | $522K | +7.6% |
Summary: Townsend housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Townsend East | $391.2K | $388K | -0.8% |
| Townsend | $399.5K | $389.5K | -2.5% |
| Townsend West | $599K | $572K | -4.5% |
Housing Supply in Townsend, MT
How many homes are available in Townsend, MT?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 37 | 37 | 0.0% |
Summary: The Townsend real estate market had 37 homes for sale in November 2023, the same as October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Townsend housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 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 Townsend, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Townsend in November 2023, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Townsend, MT
How long does it take to sell a home in Townsend, MT?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 118 Days | 85 Days | -28.3% |
Summary: Homes in Townsend had an average of 85 days on market in Nov 2023, down by 28.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Townsend has remained consistent over time.
Summary: During November 2023, 5 homes were sold in Townsend; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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© 2023 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© 2023 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.