Is Ravalli 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, Ravalli County was a Seller's Market.
Housing Prices in Ravalli County, MT
How much do homes in Ravalli County, MT cost?
Median Sold Price
$595,000
$320/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ravalli County was $595,000 in May 2024, up 3% from last year, and the median price per square foot was $320.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340.2K | $391K | +14.9% |
2 Bedrooms | $400K | $419K | +4.8% |
3 Bedrooms | $585K | $579.7K | -0.9% |
4 Bedrooms | $753K | $765K | +1.6% |
5+ Bedrooms | $825K | $975K | +18.2% |
Summary: Ravalli County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 18.2%.
Median Sold Price Compared To Nearby Counties
Granite County | $352.5K | $420K | +19.2% |
Deer Lodge County | $259.9K | $285K | +9.7% |
Beaverhead County | $349.5K | $382K | +9.3% |
Missoula County | $530K | $549.3K | +3.6% |
Ravalli County | $577.8K | $595K | +3.0% |
Housing Supply in Ravalli County, MT
How many homes are available in Ravalli County, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
298 | 360 | +20.8% |
Summary: The Ravalli County real estate market had 360 homes for sale in May 2024, a 20.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 14 | +55.6% |
2 Bedrooms | 49 | 59 | +20.4% |
3 Bedrooms | 162 | 199 | +22.8% |
4 Bedrooms | 55 | 64 | +16.4% |
5+ Bedrooms | 23 | 24 | +4.3% |
Summary: The Ravalli County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 50 | +13.6% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Ravalli County in May 2024, up by 13.6% month-over-month. Of the 50 sold homes, 72% were sold under asking, 20% were sold at asking, and 8% were sold over asking.
Days on Market for Ravalli County, MT
How long does it take to sell a home in Ravalli County, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
74 Days | 90 Days | +21.2% |
Summary: Homes in Ravalli County had an average of 90 days on market in May 2024, up by 21.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Ravalli County; 20% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.