Is Missoula 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, Missoula County has remained a Seller's Market.
Housing Prices in Missoula County, MT
How much do homes in Missoula County, MT cost?
Median Sold Price
$563,750
$304/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Missoula County was $563,750 in April 2024, up 3.3% from last year, and the median price per square foot was $304.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286K | $300.5K | +5.1% |
2 Bedrooms | $393.8K | $415K | +5.4% |
3 Bedrooms | $530.1K | $550K | +3.7% |
4 Bedrooms | $625K | $675K | +8.0% |
5+ Bedrooms | $730K | $750.5K | +2.8% |
Summary: Missoula County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Counties
Lake County | $475K | $535K | +12.6% |
Mineral County | $421K | $440K | +4.5% |
Missoula County | $545.5K | $563.7K | +3.3% |
Powell County | $264.4K | $268.5K | +1.5% |
Housing Supply in Missoula County, MT
How many homes are available in Missoula County, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
354 | 436 | +23.2% |
Summary: The Missoula County real estate market had 436 homes for sale in April 2024, a 23.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 13 | +18.2% |
2 Bedrooms | 68 | 84 | +23.5% |
3 Bedrooms | 144 | 180 | +25.0% |
4 Bedrooms | 80 | 99 | +23.8% |
5+ Bedrooms | 51 | 60 | +17.6% |
Summary: The Missoula County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 79 | +12.9% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Missoula County in April 2024, up by 12.9% month-over-month. Of the 79 sold homes, 47% were sold under asking, 32% were sold at asking, and 22% were sold over asking.
Days on Market for Missoula County, MT
How long does it take to sell a home in Missoula County, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 88 Days | +5.7% |
Summary: Homes in Missoula County had an average of 88 days on market in Apr 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During April 2024, 79 homes were sold in Missoula County; 29% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.