Is Helena, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Helena has remained a Seller's Market.
Key Takeaway
Helena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Helena, MT
How much do homes in Helena, MT cost?
Median Sold Price
$445,531
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Helena have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Helena was $445,531 in May 2024, up 2.6% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $225K | +17.8% |
| 2 Bedrooms | $301.7K | $346.2K | +14.7% |
| 3 Bedrooms | $416.5K | $430K | +3.2% |
| 4 Bedrooms | $490K | $495K | +1.0% |
| 5+ Bedrooms | $590K | $660K | +11.9% |
Summary: Helena housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.8%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
| Helena | $434.2K | $445.5K | +2.6% |
| Clancy | $635K | $548.4K | -13.6% |
Housing Supply in Helena, MT
How many homes are available in Helena, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 250 | 296 | +18.4% |
Summary: The Helena real estate market had 296 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 9 | +125.0% |
| 2 Bedrooms | 40 | 42 | +5.0% |
| 3 Bedrooms | 102 | 116 | +13.7% |
| 4 Bedrooms | 64 | 82 | +28.1% |
| 5+ Bedrooms | 40 | 47 | +17.5% |
Summary: The Helena housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 125%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 17.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 60 | +13.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Helena, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.
Summary: A total of 60 homes were sold or pending in Helena in May 2024, up by 13.2% month-over-month. Of the 60 sold homes, 48% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market for Helena, MT
How long does it take to sell a home in Helena, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 79 Days | +43.9% |
Summary: Homes in Helena had an average of 79 days on market in May 2024, up by 43.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Helena has remained consistent over time.
Summary: During May 2024, 60 homes were sold in Helena; 32% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 23% 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.