$3,432 Closing Credit*
$289,000
2,160 SqFt
3 Beds
•1 Full Bath
Gary Shea, Listing Office: Century 21 Shea Realty
Is 59711, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 59711 was a Seller's Market.
Key Takeaway
59711 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 59711, MT
How much do homes in 59711, MT cost?
Median Sold Price
$292,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,500(+10.8%)
Key Takeaway
Homes in 59711 have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in 59711 was $292,000 in October 2024, up 10.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167.5K | $248.5K | +48.4% |
| 2 Bedrooms | $199.5K | $240K | +20.3% |
| 3 Bedrooms | $288.5K | $332.6K | +15.3% |
| 4 Bedrooms | $337.5K | $411.1K | +21.8% |
| 5+ Bedrooms | $450K | $617.5K | +37.2% |
Summary: 59711 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.4%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 37.2%.
Housing Supply in 59711, MT
How many homes are available in 59711, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 100 | 101 | +1.0% |
Summary: The 59711 real estate market had 101 homes for sale in October 2024, a 1.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 24 | 26 | +8.3% |
| 3 Bedrooms | 28 | 28 | 0.0% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The 59711 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 59711, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in 59711 in October 2024, up by 150.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.
Days on Market for 59711, MT
How long does it take to sell a home in 59711, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 66 Days | 77 Days | +17.2% |
Summary: Homes in 59711 had an average of 77 days on market in Oct 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 59711 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 15 homes were sold in 59711; 33% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.