Is 59601, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59601 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 59601 has remained a Seller's Market.

Key Takeaway

59601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59601, MT

How much do homes in 59601, MT cost?

Median Sold Price

$405,000

$234/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 59601 has remained the same since last year.

Summary: The median home sold price in 59601 was $405,000 in October 2024, the same as last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $221K$255.5K
+15.6%
2 $300K$315K
+5.0%
3 $399K$407.5K
+2.1%
4 $468K$482.5K
+3.1%
5+ $615K$600K
-2.4%

Summary: 59601 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Zip Codes

59634
+7.4%
59601
0.0%

Housing Supply in 59601, MT

How many homes are available in 59601, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
131139+6.1%

Summary: The 59601 real estate market had 139 homes for sale in October 2024, a 6.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 53
-40.0%
2 2832
+14.3%
3 5057
+14.0%
4 3638
+5.6%
5+ 129
-25.0%

Summary: The 59601 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2624-7.7%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59601, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in 59601 in October 2024, down by 7.7% month-over-month. Of the 24 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for 59601, MT

How long does it take to sell a home in 59601, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
45 Days82 Days+81.0%

Summary: Homes in 59601 had an average of 82 days on market in Oct 2024, up by 81% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 59601 has remained consistent over time.

Summary: During October 2024, 24 homes were sold in 59601; 13% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 33% 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 21 Days Ago

Newest Listings in 59601, MT

Nearby Markets to 59601, MT