Is Flathead Reservation, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$372,500
$155/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Flathead Reservation have sold for 29% less than they did a month ago.
Summary: The median home sold price in Flathead Reservation was $372,500 in May 2024, down 29% from last month, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $525K | $535K | +1.9% |
| 4 Bedrooms | - | $210K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Flathead Reservation housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 1.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Flathead Reservation, MT
How many homes are available in Flathead Reservation, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 15 | +36.4% |
Summary: The Flathead Reservation real estate market had 15 homes for sale in May 2024, a 36.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 5 | 7 | +40.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Flathead Reservation housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flathead Reservation, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Flathead Reservation in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2024 | May 2024 | CHANGE |
|---|---|---|
| 328 Days | 53 Days | -83.8% |
Summary: Homes in Flathead Reservation had an average of 53 days on market in May 2024, down by 83.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Flathead Reservation are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Flathead Reservation; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.