Is Columbia Falls, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Columbia Falls was a Seller's Market.
Key Takeaway
Columbia Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Columbia Falls, MT
How much do homes in Columbia Falls, MT cost?
Median Sold Price
$594,000
$336/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Columbia Falls have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Columbia Falls was $594,000 in April 2024, up 2.6% from last year, and the median price per square foot was $336.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359K | - | N/A |
| 2 Bedrooms | $425K | $387.5K | -8.8% |
| 3 Bedrooms | $572K | $593K | +3.7% |
| 4 Bedrooms | $690K | $750K | +8.7% |
| 5+ Bedrooms | $942.5K | $835K | -11.4% |
Summary: Columbia Falls housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 11.4%.
Housing Supply in Columbia Falls, MT
How many homes are available in Columbia Falls, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 75 | +21.0% |
Summary: The Columbia Falls real estate market had 75 homes for sale in April 2024, a 21.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 23 | 26 | +13.0% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Columbia Falls housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Falls, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Columbia Falls in April 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 0% were sold at asking, and 27% were sold over asking.
Days on Market for Columbia Falls, MT
How long does it take to sell a home in Columbia Falls, MT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 111 Days | 106 Days | -4.5% |
Summary: Homes in Columbia Falls had an average of 106 days on market in Apr 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Columbia Falls has remained consistent over time.
Summary: During April 2024, 11 homes were sold in Columbia Falls; 18% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 27% 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.