Is 59725, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59725 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 59725 was a Seller's Market.

Key Takeaway

59725 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59725, MT

How much do homes in 59725, MT cost?

Median Sold Price

$376,200

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,200(+1.7%)

Key Takeaway

Homes in 59725 have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in 59725 was $376,200 in November 2024, up 1.7% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$199K
N/A
2 $201.5K$303K
+50.4%
3 $363K$372.4K
+2.6%
4 $407.6K$465K
+14.1%
5+ $450K$580K
+28.9%

Summary: 59725 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 28.9%.

Housing Supply in 59725, MT

How many homes are available in 59725, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4340-7.0%

Summary: The 59725 real estate market had 40 homes for sale in November 2024, a 7.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 33
0.0%
3 2117
-19.0%
4 1113
+18.2%
5+ 65
-16.7%

Summary: The 59725 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

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 59725, 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 59725 in November 2024, up by 50.0% 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 59725, MT

How long does it take to sell a home in 59725, MT?

Average Sale Time

Nov 2023Nov 2024CHANGE
112 Days39 Days-65.3%

Summary: Homes in 59725 had an average of 39 days on market in Nov 2024, down by 65.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 59725 has remained consistent over time.

Summary: During November 2024, 3 homes were sold in 59725; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 59725, MT

Nearby Markets to 59725, MT