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 November 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

$404,875

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,825(-1.2%)

Key Takeaway

Homes in 59601 have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in 59601 was $404,875 in November 2024, down 1.2% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $221K$255.5K
+15.6%
2 $296K$315K
+6.4%
3 $399.9K$409K
+2.3%
4 $469K$480K
+2.3%
5+ $622.5K$597.5K
-4.0%

Summary: 59601 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 4%.

Housing Supply in 59601, MT

How many homes are available in 59601, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
131133+1.5%

Summary: The 59601 real estate market had 133 homes for sale in November 2024, a 1.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 3130
-3.2%
3 5460
+11.1%
4 3533
-5.7%
5+ 98
-11.1%

Summary: The 59601 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 decreased by 3.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2629+11.5%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 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. 58.6% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in 59601 in November 2024, up by 11.5% month-over-month. Of the 29 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
48 Days45 Days-6.7%

Summary: Homes in 59601 had an average of 45 days on market in Nov 2024, down by 6.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

3 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 November 2024, 29 homes were sold in 59601; 34% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 10% 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 23 Days Ago

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