Is Lake County, 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, Lake County has remained a Buyer's Market.
Housing Prices in Lake County, MT
How much do homes in Lake County, MT cost?
Median Sold Price
$535,000
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake County was $535,000 in April 2024, up 12.6% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $310K | +12.7% |
2 Bedrooms | $350K | $362K | +3.4% |
3 Bedrooms | $450K | $522.5K | +16.1% |
4 Bedrooms | $745K | $740K | -0.7% |
5+ Bedrooms | $794.5K | $630K | -20.7% |
Summary: Lake County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 16.1%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 20.7%.
Median Sold Price Compared To Nearby Counties
Lake County | $475K | $535K | +12.6% |
Missoula County | $545.5K | $563.7K | +3.3% |
Flathead County | $619.2K | $630.7K | +1.9% |
Sanders County | $459.5K | $450K | -2.1% |
Housing Supply in Lake County, MT
How many homes are available in Lake County, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
124 | 147 | +18.5% |
Summary: The Lake County real estate market had 147 homes for sale in April 2024, a 18.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 24 | 25 | +4.2% |
3 Bedrooms | 47 | 59 | +25.5% |
4 Bedrooms | 30 | 40 | +33.3% |
5+ Bedrooms | 20 | 19 | -5.0% |
Summary: The Lake County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lake County in April 2024, up by 7.1% 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 Lake County, MT
How long does it take to sell a home in Lake County, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 92 Days | +23.9% |
Summary: Homes in Lake County 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
Summary: During April 2024, 15 homes were sold in Lake County; 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.