Is Columbia Falls, 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, Columbia Falls was a Seller's Market.
Housing Prices in Columbia Falls, MT
How much do homes in Columbia Falls, MT cost?
Median Sold Price
$585,000
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Columbia Falls was $585,000 in May 2024, up 1.7% from last year, and the median price per square foot was $340.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $359K | $480K | +33.7% |
2 Bedrooms | $420K | $395K | -6.0% |
3 Bedrooms | $554.5K | $583K | +5.1% |
4 Bedrooms | $723K | $750K | +3.7% |
5+ Bedrooms | $942.5K | $997.5K | +5.8% |
Summary: Columbia Falls housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.7%, 2 bedroom homes decreased by 6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in Columbia Falls, MT
How many homes are available in Columbia Falls, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 91 | +23.0% |
Summary: The Columbia Falls real estate market had 91 homes for sale in May 2024, a 23.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 20 | 28 | +40.0% |
5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Columbia Falls housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Columbia Falls in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Columbia Falls, MT
How long does it take to sell a home in Columbia Falls, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 84 Days | +20.2% |
Summary: Homes in Columbia Falls had an average of 84 days on market in May 2024, up by 20.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Columbia Falls; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.