Is Flathead County, 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, Flathead County was a Seller's Market.
Key Takeaway
Flathead County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Flathead County, MT
How much do homes in Flathead County, MT cost?
Median Sold Price
$630,019
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Flathead County have sold for 4% more than they did a year ago.
Summary: The median home sold price in Flathead County was $630,019 in May 2024, up 4% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $457.5K | $390K | -14.8% |
| 2 Bedrooms | $482K | $485K | +0.6% |
| 3 Bedrooms | $568K | $595K | +4.8% |
| 4 Bedrooms | $772K | $793.1K | +2.7% |
| 5+ Bedrooms | $1.0M | $1.0M | +7.5% |
Summary: Flathead County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.8%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Counties
| Lake County | $477K | $510.6K | +7.1% |
| Flathead County | $606K | $630K | +4.0% |
| Pondera County | $202K | $208.7K | +3.3% |
| Lincoln County | $415K | $355K | -14.5% |
Housing Supply in Flathead County, MT
How many homes are available in Flathead County, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 829 | 1,033 | +24.6% |
Summary: The Flathead County real estate market had 1,033 homes for sale in May 2024, a 24.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 36 | 46 | +27.8% |
| 2 Bedrooms | 127 | 157 | +23.6% |
| 3 Bedrooms | 340 | 419 | +23.2% |
| 4 Bedrooms | 206 | 265 | +28.6% |
| 5+ Bedrooms | 120 | 146 | +21.7% |
Summary: The Flathead County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.8%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 113 | 127 | +12.4% |
Asking Price vs. Sold Price
76 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flathead County, you may be able to get a good deal. 59.8% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Flathead County in May 2024, up by 12.4% month-over-month. Of the 127 sold homes, 60% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for Flathead County, MT
How long does it take to sell a home in Flathead County, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 93 Days | 107 Days | +14.9% |
Summary: Homes in Flathead County had an average of 107 days on market in May 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
70 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Flathead County has remained consistent over time.
Summary: During May 2024, 127 homes were sold in Flathead County; 8% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 37% 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.