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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59487 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 59487 was a Seller's Market.

Key Takeaway

59487 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 59487, MT

How much do homes in 59487, MT cost?

Median Sold Price

$550,000

$125/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$174,800(-24.1%)

Key Takeaway

Homes in 59487 have sold for 24.1% less than they did a month ago.

Summary: The median home sold price in 59487 was $550,000 in October 2024, down 24.1% from last month, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $724.8K-
N/A
4 -$550K
N/A
5+ --
N/A

Summary: 59487 housing prices by bedroom type for October 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

Sep 2024Oct 2024CHANGE
56+20.0%

Summary: The 59487 real estate market had 6 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 12
+100.0%
5+ 22
0.0%

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

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 1 homes were sold or pending in 59487 in October 2024, the same as the previous month. Of the 1 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

Sep 2024Oct 2024CHANGE
34 Days18 Days-47.1%

Summary: Homes in 59487 had an average of 18 days on market in Oct 2024, down by 47.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 1 homes were sold in 59487; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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