Is 59714, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59714 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59714 was a Seller's Market.

Key Takeaway

59714 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 59714, MT

How much do homes in 59714, MT cost?

Median Sold Price

$539,000

$307/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+0.7%)

Key Takeaway

Homes in 59714 have sold for 0.7% more than they did a year ago.

Summary: The median home sold price in 59714 was $539,000 in October 2024, up 0.7% from last year, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $267.5K$269.9K
+0.9%
2 $385K$342.5K
-11.0%
3 $509K$520K
+2.2%
4 $670K$635K
-5.2%
5+ $753.5K$875K
+16.1%

Summary: 59714 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 16.1%.

Median Sold Price Compared To Nearby Zip Codes

59741
+16.4%
59752
+16.2%
59714
+0.7%
59715
0.2%

Housing Supply in 59714, MT

How many homes are available in 59714, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1551550.0%

Summary: The 59714 real estate market had 155 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 87
-12.5%
3 9092
+2.2%
4 2931
+6.9%
5+ 2825
-10.7%

Summary: The 59714 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 12.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 10.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2225+13.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59714, you may be able to get a good deal. 68% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 59714 in October 2024, up by 13.6% month-over-month. Of the 25 sold homes, 68% were sold under asking, 24% were sold at asking, and 8% were sold over asking.

Days on Market for 59714, MT

How long does it take to sell a home in 59714, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days36 Days+32.4%

Summary: Homes in 59714 had an average of 36 days on market in Oct 2024, up by 32.4% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59714 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in 59714; 52% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 4% 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 17 Days Ago

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