Is 59602, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59602 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 59602 has remained a Seller's Market.

Key Takeaway

59602 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59602, MT

How much do homes in 59602, MT cost?

Median Sold Price

$517,000

$267/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,000(+6.4%)

Key Takeaway

Homes in 59602 have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in 59602 was $517,000 in October 2024, up 6.4% from last year, and the median price per square foot was $267.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $340K$291.1K
-14.4%
2 $357.2K$338K
-5.4%
3 $452K$460K
+1.8%
4 $531.7K$575K
+8.1%
5+ $605K$672.5K
+11.2%

Summary: 59602 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.4%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Zip Codes

59602
+6.4%
59601
0.0%
59635
-3.4%

Housing Supply in 59602, MT

How many homes are available in 59602, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
148158+6.8%

Summary: The 59602 real estate market had 158 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 77
0.0%
3 6670
+6.1%
4 3943
+10.3%
5+ 3636
0.0%

Summary: The 59602 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2633+26.9%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59602, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in 59602 in October 2024, up by 26.9% month-over-month. Of the 33 sold homes, 64% were sold under asking, 15% were sold at asking, and 21% were sold over asking.

Days on Market for 59602, MT

How long does it take to sell a home in 59602, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
82 Days102 Days+24.8%

Summary: Homes in 59602 had an average of 102 days on market in Oct 2024, up by 24.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 59602 has remained consistent over time.

Summary: During October 2024, 33 homes were sold in 59602; 15% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 30% 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 4 Days Ago

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