Is 59715, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59715 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59715 was a Seller's Market.

Key Takeaway

59715 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59715, MT

How much do homes in 59715, MT cost?

Median Sold Price

$889,945

$408/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,495(+0.2%)

Key Takeaway

The sold price of homes in 59715 has remained the same since last year.

Summary: The median home sold price in 59715 was $889,945 in October 2024, up 0.2% from last year, and the median price per square foot was $408.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $578.7K$622.5K
+7.6%
2 $649.9K$599.9K
-7.7%
3 $871K$801K
-8.0%
4 $1.0M$1.1M
+16.0%
5+ $1.2M$1.1M
-8.4%

Summary: 59715 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Zip Codes

59047
+1.6%
59718
+1.1%
59714
+0.7%
59715
0.2%

Housing Supply in 59715, MT

How many homes are available in 59715, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2112120.5%

Summary: The 59715 real estate market had 212 homes for sale in October 2024, a 0.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1114
+27.3%
2 4948
-2.0%
3 7171
0.0%
4 4843
-10.4%
5+ 3236
+12.5%

Summary: The 59715 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3623-36.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59715, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 59715 in October 2024, down by 36.1% month-over-month. Of the 23 sold homes, 74% were sold under asking, 9% were sold at asking, and 17% were sold over asking.

Days on Market for 59715, MT

How long does it take to sell a home in 59715, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
69 Days47 Days-30.9%

Summary: Homes in 59715 had an average of 47 days on market in Oct 2024, down by 30.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59715 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 59715; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% 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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