Is 59801, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, 59801 has remained a Seller's Market.
Key Takeaway
59801 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 59801, MT
How much do homes in 59801, MT cost?
Median Sold Price
$500,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 59801 have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in 59801 was $500,000 in May 2024, up 6.3% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $278.5K | $316K | +13.5% |
| 2 Bedrooms | $385K | $425K | +10.4% |
| 3 Bedrooms | $444K | $500K | +12.6% |
| 4 Bedrooms | $563.7K | $625K | +10.9% |
| 5+ Bedrooms | $683.6K | $780K | +14.1% |
Summary: 59801 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 14.1%.
Housing Supply in 59801, MT
How many homes are available in 59801, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 121 | +34.4% |
Summary: The 59801 real estate market had 121 homes for sale in May 2024, a 34.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 29 | 39 | +34.5% |
| 3 Bedrooms | 36 | 43 | +19.4% |
| 4 Bedrooms | 9 | 21 | +133.3% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 59801 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 23 | +43.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59801, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 59801 in May 2024, up by 43.8% month-over-month. Of the 23 sold homes, 57% were sold under asking, 26% were sold at asking, and 17% were sold over asking.
Days on Market for 59801, MT
How long does it take to sell a home in 59801, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 115 Days | 36 Days | -68.2% |
Summary: Homes in 59801 had an average of 36 days on market in May 2024, down by 68.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 59801 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in 59801; 48% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 9% 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.