Is Mineral 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, Mineral County was a Seller's Market.
Housing Prices in Mineral County, MT
How much do homes in Mineral County, MT cost?
Median Sold Price
$432,500
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mineral County was $432,500 in May 2024, up 0.1% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | $200K | -44.4% |
2 Bedrooms | $347.5K | $415K | +19.4% |
3 Bedrooms | $484.2K | $425K | -12.2% |
4 Bedrooms | $457.7K | $487.5K | +6.5% |
5+ Bedrooms | $1.2M | $1.6M | +32.8% |
Summary: Mineral County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 19.4%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 32.8%.
Median Sold Price Compared To Nearby Counties
Missoula County | $530K | $549.3K | +3.6% |
Mineral County | $431.9K | $432.5K | 0.1% |
Sanders County | $480K | $450K | -6.3% |
Housing Supply in Mineral County, MT
How many homes are available in Mineral County, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 41 | +10.8% |
Summary: The Mineral County real estate market had 41 homes for sale in May 2024, a 10.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 9 | 7 | -22.2% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mineral County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Mineral County in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Mineral County, MT
How long does it take to sell a home in Mineral County, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 42 Days | +18.6% |
Summary: Homes in Mineral County had an average of 42 days on market in May 2024, up by 18.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Mineral County; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.