Is Flathead Reservation, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Flathead Reservation has remained a Buyer's Market.
Key Takeaway
Flathead Reservation is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Flathead Reservation, MT
How much do homes in Flathead Reservation, MT cost?
Median Sold Price
$525,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Flathead Reservation have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Flathead Reservation was $525,000 in April 2024, up 10.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262.5K | $310K | +18.1% |
| 2 Bedrooms | $306.5K | $384K | +25.3% |
| 3 Bedrooms | $450K | $512K | +13.8% |
| 4 Bedrooms | $747K | $740K | -0.9% |
| 5+ Bedrooms | $768.5K | $620K | -19.3% |
Summary: Flathead Reservation housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Cities
| Ronan | $294.7K | $425K | +44.2% |
| Flathead Reservation | $476.3K | $525K | +10.2% |
| Polson | $515K | $523.7K | +1.7% |
Housing Supply in Flathead Reservation, MT
How many homes are available in Flathead Reservation, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 118 | 143 | +21.2% |
Summary: The Flathead Reservation real estate market had 143 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 24 | 25 | +4.2% |
| 3 Bedrooms | 46 | 59 | +28.3% |
| 4 Bedrooms | 27 | 36 | +33.3% |
| 5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Flathead Reservation housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 15 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flathead Reservation, expect to pay close to the asking price. 46.7% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Flathead Reservation in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for Flathead Reservation, MT
How long does it take to sell a home in Flathead Reservation, MT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 74 Days | 92 Days | +23.9% |
Summary: Homes in Flathead Reservation had an average of 92 days on market in Apr 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Flathead Reservation has remained consistent over time.
Summary: During April 2024, 15 homes were sold in Flathead Reservation; 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© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.