Is 59487, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59487 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 59487 has remained a Seller's Market.

Key Takeaway

59487 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59487, MT

How much do homes in 59487, MT cost?

Median Sold Price

$198,700

$116/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$351,300(-63.9%)

Key Takeaway

Homes in 59487 have sold for 63.9% less than they did a month ago.

Summary: The median home sold price in 59487 was $198,700 in November 2024, down 63.9% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$198.7K
N/A
4 $550K-
N/A
5+ --
N/A

Summary: 59487 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 59487, MT

How many homes are available in 59487, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
550.0%

Summary: The 59487 real estate market had 5 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 22
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The 59487 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 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 59487, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 59487 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 59487, MT

How long does it take to sell a home in 59487, MT?

Average Sale Time

Oct 2024Nov 2024CHANGE
18 Days51 Days+186.1%

Summary: Homes in 59487 had an average of 51 days on market in Nov 2024, up by 186.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59487 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in 59487; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 18 Days Ago

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