Is Missoula 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, Missoula County has remained a Seller's Market.
Housing Prices in Missoula County, MT
How much do homes in Missoula County, MT cost?
Median Sold Price
$549,334
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Missoula County was $549,334 in May 2024, up 3.6% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $285K | -13.6% |
2 Bedrooms | $376.1K | $400K | +6.3% |
3 Bedrooms | $520K | $534.9K | +2.9% |
4 Bedrooms | $617.6K | $674.9K | +9.3% |
5+ Bedrooms | $735K | $773K | +5.2% |
Summary: Missoula County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Counties
Granite County | $352.5K | $420K | +19.2% |
Powell County | $245K | $268.5K | +9.6% |
Lake County | $477K | $510.6K | +7.1% |
Missoula County | $530K | $549.3K | +3.6% |
Mineral County | $431.9K | $432.5K | 0.1% |
Housing Supply in Missoula County, MT
How many homes are available in Missoula County, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
461 | 573 | +24.3% |
Summary: The Missoula County real estate market had 573 homes for sale in May 2024, a 24.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 18 | +38.5% |
2 Bedrooms | 92 | 114 | +23.9% |
3 Bedrooms | 196 | 236 | +20.4% |
4 Bedrooms | 103 | 130 | +26.2% |
5+ Bedrooms | 57 | 75 | +31.6% |
Summary: The Missoula County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.5%, 2 bedroom homes increased by 23.9%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 31.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
84 | 107 | +27.4% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in Missoula County in May 2024, up by 27.4% month-over-month. Of the 107 sold homes, 52% were sold under asking, 27% were sold at asking, and 21% were sold over asking.
Days on Market for Missoula County, MT
How long does it take to sell a home in Missoula County, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 64 Days | -16.8% |
Summary: Homes in Missoula County had an average of 64 days on market in May 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During May 2024, 107 homes were sold in Missoula County; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.