Is Kalispell, 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, Kalispell has remained a Seller's Market.
Housing Prices in Kalispell, MT
How much do homes in Kalispell, MT cost?
Median Sold Price
$541,628
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kalispell was $541,628 in May 2024, up 0.5% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $306K | -2.9% |
2 Bedrooms | $360K | $390K | +8.3% |
3 Bedrooms | $499K | $518.6K | +3.9% |
4 Bedrooms | $655K | $675K | +3.1% |
5+ Bedrooms | $834K | $880K | +5.5% |
Summary: Kalispell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
Kalispell | $538.8K | $541.6K | 0.5% |
Lakeside-Somers | $786.5K | $775K | -1.5% |
Housing Supply in Kalispell, MT
How many homes are available in Kalispell, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
369 | 459 | +24.4% |
Summary: The Kalispell real estate market had 459 homes for sale in May 2024, a 24.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 10 | +42.9% |
2 Bedrooms | 53 | 64 | +20.8% |
3 Bedrooms | 176 | 213 | +21.0% |
4 Bedrooms | 88 | 118 | +34.1% |
5+ Bedrooms | 45 | 54 | +20.0% |
Summary: The Kalispell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 34.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 79 | +33.9% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Kalispell in May 2024, up by 33.9% month-over-month. Of the 79 sold homes, 59% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Kalispell, MT
How long does it take to sell a home in Kalispell, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
92 Days | 101 Days | +10.2% |
Summary: Homes in Kalispell had an average of 101 days on market in May 2024, up by 10.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Summary: During May 2024, 79 homes were sold in Kalispell; 5% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.