Is 59632, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59632 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 59632 was a Buyer's Market.

Key Takeaway

59632 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59632, MT

How much do homes in 59632, MT cost?

Median Sold Price

$335,000

$215/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$155,000(-31.6%)

Key Takeaway

Homes in 59632 have sold for 31.6% less than they did a month ago.

Summary: The median home sold price in 59632 was $335,000 in October 2024, down 31.6% from last month, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $490K$280K
-42.9%
3 -$415K
N/A
4 --
N/A
5+ -$335K
N/A

Summary: 59632 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 decreased by 42.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

59631
+40.0%
59632
-31.6%

Housing Supply in 59632, MT

How many homes are available in 59632, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89+12.5%

Summary: The 59632 real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 24
+100.0%
4 11
0.0%
5+ 11
0.0%

Summary: The 59632 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 decreased by 25%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 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 59632, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 59632 in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 59632, MT

How long does it take to sell a home in 59632, MT?

Average Sale Time

Sep 2024Oct 2024CHANGE
36 Days166 Days+363.0%

Summary: Homes in 59632 had an average of 166 days on market in Oct 2024, up by 363% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59632 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 59632; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 59632, MT

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