Is Powell 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, Powell County was a Neutral Market.
Key Takeaway
Powell County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powell County, MT
How much do homes in Powell County, MT cost?
Median Sold Price
$268,500
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Powell County have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Powell County was $268,500 in May 2024, up 9.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $149.5K | $310K | +107.4% |
| 2 Bedrooms | $210K | $239K | +13.8% |
| 3 Bedrooms | $245K | $293.5K | +19.8% |
| 4 Bedrooms | $415K | $398K | -4.1% |
| 5+ Bedrooms | $424.7K | $255K | -40.0% |
Summary: Powell County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.4%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 40%.
Median Sold Price Compared To Nearby Counties
| Granite County | $352.5K | $420K | +19.2% |
| Deer Lodge County | $259.9K | $285K | +9.7% |
| Powell County | $245K | $268.5K | +9.6% |
| Missoula County | $530K | $549.3K | +3.6% |
| Lewis and Clark County | $436.6K | $446K | +2.2% |
Housing Supply in Powell County, MT
How many homes are available in Powell County, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 39 | 0.0% |
Summary: The Powell County real estate market had 39 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 19 | 17 | -10.5% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Powell County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Powell County, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Powell County in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Powell County, MT
How long does it take to sell a home in Powell County, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 55 Days | -38.5% |
Summary: Homes in Powell County had an average of 55 days on market in May 2024, down by 38.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powell County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Powell County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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.