Is 59011, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59011 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 59011 has remained a Seller's Market.

Key Takeaway

59011 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59011, MT

How much do homes in 59011, MT cost?

Median Sold Price

$475,000

$205/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$1,425,000(-75.0%)

Key Takeaway

Homes in 59011 have sold for 75% less than they did a month ago.

Summary: The median home sold price in 59011 was $475,000 in December 2024, down 75% from last month, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 $1.9M$215K
-88.7%
3 $1.9M$475K
-75.0%
4 -$900K
N/A
5+ $360K-
N/A

Summary: 59011 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 88.7%, 3 bedroom homes decreased by 75%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 59011, MT

How many homes are available in 59011, MT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1714-17.6%

Summary: The 59011 real estate market had 14 homes for sale in December 2024, a 17.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 65
-16.7%
4 66
0.0%
5+ 10
-100.0%

Summary: The 59011 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59011, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 59011 in December 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 59011, MT

How long does it take to sell a home in 59011, MT?

Average Sale Time

Nov 2024Dec 2024CHANGE
310 Days149 Days-51.9%

Summary: Homes in 59011 had an average of 149 days on market in Dec 2024, down by 51.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59011 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 3 homes were sold in 59011; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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