Is Creston-Bigfork, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Creston-Bigfork was a Seller's Market.
Key Takeaway
Creston-Bigfork is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Creston-Bigfork, MT
How much do homes in Creston-Bigfork, MT cost?
Median Sold Price
$720,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Creston-Bigfork have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Creston-Bigfork was $720,000 in May 2024, down 2.7% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $495K | $345K | -30.3% |
| 2 Bedrooms | $635K | $545K | -14.2% |
| 3 Bedrooms | $747.4K | $717.2K | -4.0% |
| 4 Bedrooms | $822.5K | $911K | +10.8% |
| 5+ Bedrooms | $1.1M | $1.1M | -5.4% |
Summary: Creston-Bigfork housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.3%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Bad Rock-Columbia Heights | $769K | $765K | -0.5% |
| Bigfork | $747.4K | $738.5K | -1.2% |
| Lakeside-Somers | $786.5K | $775K | -1.5% |
| Creston-Bigfork | $739.7K | $720K | -2.7% |
| Somers | $740K | $675K | -8.8% |
Housing Supply in Creston-Bigfork, MT
How many homes are available in Creston-Bigfork, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 100 | 116 | +16.0% |
Summary: The Creston-Bigfork real estate market had 116 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 17 | 18 | +5.9% |
| 3 Bedrooms | 38 | 41 | +7.9% |
| 4 Bedrooms | 22 | 32 | +45.5% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Creston-Bigfork housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 14 | -33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Creston-Bigfork, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Creston-Bigfork in May 2024, down by 33.3% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% were sold over asking.
Days on Market for Creston-Bigfork, MT
How long does it take to sell a home in Creston-Bigfork, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 112 Days | 71 Days | -36.7% |
Summary: Homes in Creston-Bigfork had an average of 71 days on market in May 2024, down by 36.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Creston-Bigfork has remained consistent over time.
Summary: During May 2024, 14 homes were sold in Creston-Bigfork; 14% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 21% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.