Is Townsend, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Townsend has remained a Buyer's Market.
Housing Prices in Townsend, MT
How much do homes in Townsend, MT cost?
Median Sold Price
$389,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Townsend was $389,000 in March 2024, down 0.4% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312K | $230K | -26.3% |
2 Bedrooms | $325K | $310K | -4.6% |
3 Bedrooms | $399K | $389K | -2.5% |
4 Bedrooms | $635K | $417.5K | -34.3% |
5+ Bedrooms | $699K | $495K | -29.2% |
Summary: Townsend housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.3%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 34.3%, and 5+ bedroom homes decreased by 29.2%.
Median Sold Price Compared To Nearby Cities
Townsend | $390.7K | $389K | -0.4% |
Townsend East | $395K | $374.5K | -5.2% |
Townsend West | $627.5K | $584K | -6.9% |
Housing Supply in Townsend, MT
How many homes are available in Townsend, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 32 | +14.3% |
Summary: The Townsend real estate market had 32 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 10 | 11 | +10.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Townsend 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 25%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Townsend in March 2024, down by 50.0% 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 Townsend, MT
How long does it take to sell a home in Townsend, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
105 Days | 33 Days | -68.1% |
Summary: Homes in Townsend had an average of 33 days on market in Mar 2024, down by 68.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Townsend; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.