Is 59634, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59634 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59634 was a Seller's Market.

Key Takeaway

59634 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59634, MT

How much do homes in 59634, MT cost?

Median Sold Price

$650,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+7.4%)

Key Takeaway

Homes in 59634 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 59634 was $650,000 in October 2024, up 7.4% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $367K$240K
-34.6%
2 $510.4K$470K
-7.9%
3 $599.9K$668.4K
+11.4%
4 $618.5K$644K
+4.1%
5+ $879K$797.5K
-9.3%

Summary: 59634 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.6%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

59634
+7.4%
59601
0.0%
59635
-3.4%

Housing Supply in 59634, MT

How many homes are available in 59634, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3842+10.5%

Summary: The 59634 real estate market had 42 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1112
+9.1%
4 1014
+40.0%
5+ 109
-10.0%

Summary: The 59634 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 increased by 9.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59634, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 59634 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for 59634, MT

How long does it take to sell a home in 59634, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
97 Days90 Days-6.9%

Summary: Homes in 59634 had an average of 90 days on market in Oct 2024, down by 6.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59634 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in 59634; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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 20 Days Ago

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