Is Townsend East, 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 East has remained a Buyer's Market.
Housing Prices in Townsend East, MT
How much do homes in Townsend East, MT cost?
Median Sold Price
$374,500
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Townsend East was $374,500 in March 2024, down 5.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305.5K | $230K | -24.7% |
2 Bedrooms | $322.5K | $297K | -7.9% |
3 Bedrooms | $437K | $389K | -11.0% |
4 Bedrooms | $635K | $420K | -33.9% |
5+ Bedrooms | $627K | $395K | -37.0% |
Summary: Townsend East housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.7%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 11%, 4 bedroom homes decreased by 33.9%, and 5+ bedroom homes decreased by 37%.
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 East, MT
How many homes are available in Townsend East, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 29 | +11.5% |
Summary: The Townsend East real estate market had 29 homes for sale in March 2024, a 11.5% 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 | 9 | 10 | +11.1% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Townsend East 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 11.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
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 East 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 East, MT
How long does it take to sell a home in Townsend East, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
94 Days | 33 Days | -64.4% |
Summary: Homes in Townsend East had an average of 33 days on market in Mar 2024, down by 64.4% 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 East; 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.