Is Hamilton, 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, Hamilton was a Seller's Market.
Housing Prices in Hamilton, MT
How much do homes in Hamilton, MT cost?
Median Sold Price
$511,975
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hamilton was $511,975 in May 2024, up 4.6% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $243.5K | - | N/A |
2 Bedrooms | $365K | $399K | +9.3% |
3 Bedrooms | $522.9K | $516.2K | -1.3% |
4 Bedrooms | $800K | $690K | -13.8% |
5+ Bedrooms | $1.4M | $1.5M | +11.5% |
Summary: Hamilton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
Hamilton | $489.5K | $511.9K | +4.6% |
Corvallis | $729.1K | $693.9K | -4.8% |
Housing Supply in Hamilton, MT
How many homes are available in Hamilton, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
106 | 127 | +19.8% |
Summary: The Hamilton real estate market had 127 homes for sale in May 2024, a 19.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 23 | 32 | +39.1% |
3 Bedrooms | 57 | 66 | +15.8% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Hamilton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Hamilton in May 2024, the same as the previous month. Of the 16 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.
Days on Market for Hamilton, MT
How long does it take to sell a home in Hamilton, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 63 Days | +28.5% |
Summary: Homes in Hamilton had an average of 63 days on market in May 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Hamilton; 25% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.