Is 59758, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59758 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 59758 was a Neutral Market.

Key Takeaway

59758 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59758, MT

How much do homes in 59758, MT cost?

Median Sold Price

$520,000

$289/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$147,500(-22.1%)

Key Takeaway

Homes in 59758 have sold for 22.1% less than they did a month ago.

Summary: The median home sold price in 59758 was $520,000 in October 2024, down 22.1% from last month, and the median price per square foot was $289.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $225K$270K
+20.0%
2 --
N/A
3 $610K$596.5K
-2.2%
4 $810K-
N/A
5+ --
N/A

Summary: 59758 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 59758, MT

How many homes are available in 59758, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2423-4.2%

Summary: The 59758 real estate market had 23 homes for sale in October 2024, a 4.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 34
+33.3%
3 98
-11.1%
4 54
-20.0%
5+ 56
+20.0%

Summary: The 59758 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

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 59758, 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 59758 in October 2024, up by 25.0% 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 59758, MT

How long does it take to sell a home in 59758, MT?

Average Sale Time

Sep 2024Oct 2024CHANGE
107 Days163 Days+51.8%

Summary: Homes in 59758 had an average of 163 days on market in Oct 2024, up by 51.8% compared to last month.

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 59758 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 59758; 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 17 Days Ago

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