Is Lakeside-Somers, 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, Lakeside-Somers was a Neutral Market.
Housing Prices in Lakeside-Somers, MT
How much do homes in Lakeside-Somers, MT cost?
Median Sold Price
$707,500
$348/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lakeside-Somers was $707,500 in April 2024, down 11.3% from last year, and the median price per square foot was $348.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $680K | $428K | -37.1% |
3 Bedrooms | $652K | $679.5K | +4.2% |
4 Bedrooms | $890K | $729K | -18.1% |
5+ Bedrooms | $1.0M | $985K | -5.1% |
Summary: Lakeside-Somers 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 37.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 18.1%, and 5+ bedroom homes decreased by 5.1%.
Housing Supply in Lakeside-Somers, MT
How many homes are available in Lakeside-Somers, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 61 | +29.8% |
Summary: The Lakeside-Somers real estate market had 61 homes for sale in April 2024, a 29.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 17 | 26 | +52.9% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Lakeside-Somers 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 decreased by 25%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 52.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lakeside-Somers in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Lakeside-Somers, MT
How long does it take to sell a home in Lakeside-Somers, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
159 Days | 97 Days | -39.1% |
Summary: Homes in Lakeside-Somers had an average of 97 days on market in Apr 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Lakeside-Somers; 17% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.