Is 59474, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59474 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59474 was a Buyer's Market.

Key Takeaway

59474 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59474, MT

How much do homes in 59474, MT cost?

Median Sold Price

$196,567

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,567(+35.6%)

Key Takeaway

Homes in 59474 have sold for 35.6% more than they did a year ago.

Summary: The median home sold price in 59474 was $196,567 in October 2024, up 35.6% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $70K$72.5K
+3.6%
2 $75K$85K
+13.3%
3 $156.5K$192K
+22.7%
4 $192K$238K
+24.0%
5+ $225K$265K
+17.8%

Summary: 59474 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Zip Codes

59474
+35.6%
59425
-20.5%

Housing Supply in 59474, MT

How many homes are available in 59474, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
10100.0%

Summary: The 59474 real estate market had 10 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 12
+100.0%
4 44
0.0%
5+ 22
0.0%

Summary: The 59474 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59474, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 59474 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for 59474, MT

How long does it take to sell a home in 59474, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
264 Days127 Days-51.8%

Summary: Homes in 59474 had an average of 127 days on market in Oct 2024, down by 51.8% compared to last year.

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 59474 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 59474; 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 14 Days Ago

Newest Listings in 59474, MT

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