Is Lewis and Clark County, 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, Lewis and Clark County has remained a Seller's Market.
Housing Prices in Lewis and Clark County, MT
How much do homes in Lewis and Clark County, MT cost?
Median Sold Price
$446,031
$249/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lewis and Clark County was $446,031 in May 2024, up 2.2% from last year, and the median price per square foot was $249.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $244.5K | +16.5% |
2 Bedrooms | $300K | $343.7K | +14.6% |
3 Bedrooms | $425K | $428.8K | +0.9% |
4 Bedrooms | $490K | $500.5K | +2.1% |
5+ Bedrooms | $595K | $665K | +11.8% |
Summary: Lewis and Clark County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Counties
Meagher County | $282.5K | $385K | +36.3% |
Teton County | $245K | $280K | +14.3% |
Powell County | $245K | $268.5K | +9.6% |
Cascade County | $290.1K | $317K | +9.3% |
Lewis and Clark County | $436.6K | $446K | +2.2% |
Housing Supply in Lewis and Clark County, MT
How many homes are available in Lewis and Clark County, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
335 | 400 | +19.4% |
Summary: The Lewis and Clark County real estate market had 400 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 10 | +150.0% |
2 Bedrooms | 52 | 54 | +3.8% |
3 Bedrooms | 144 | 173 | +20.1% |
4 Bedrooms | 89 | 104 | +16.9% |
5+ Bedrooms | 46 | 59 | +28.3% |
Summary: The Lewis and Clark County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 28.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 80 | +25.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Lewis and Clark County in May 2024, up by 25.0% month-over-month. Of the 80 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for Lewis and Clark County, MT
How long does it take to sell a home in Lewis and Clark County, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 76 Days | +34.5% |
Summary: Homes in Lewis and Clark County had an average of 76 days on market in May 2024, up by 34.5% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Summary: During May 2024, 80 homes were sold in Lewis and Clark County; 33% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.