$3,300,000
Studio
Christopher Funston, Adam Hertz, Listing Office: ERA Lambros Real Estate Missoula
Is 59801, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 59801 was a Seller's Market.
Key Takeaway
59801 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 59801, MT
How much do homes in 59801, MT cost?
Median Sold Price
$515,000
$332/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+3.0%)
Key Takeaway
Homes in 59801 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 59801 was $515,000 in November 2024, up 3% from last year, and the median price per square foot was $332.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $337K | +3.7% |
| 2 Bedrooms | $425K | $440K | +3.5% |
| 3 Bedrooms | $477K | $525K | +10.1% |
| 4 Bedrooms | $610K | $625K | +2.5% |
| 5+ Bedrooms | $751K | $679.8K | -9.5% |
Summary: 59801 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 9.5%.
Housing Supply in 59801, MT
How many homes are available in 59801, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 113 | 105 | -7.1% |
Summary: The 59801 real estate market had 105 homes for sale in November 2024, a 7.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 26 | 18 | -30.8% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The 59801 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 4.8%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 16 | -42.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59801, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in 59801 in November 2024, down by 42.9% month-over-month. Of the 16 sold homes, 81% were sold under asking, 6% were sold at asking, and 13% were sold over asking.
Days on Market for 59801, MT
How long does it take to sell a home in 59801, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 73 Days | +21.6% |
Summary: Homes in 59801 had an average of 73 days on market in Nov 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 59801 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 16 homes were sold in 59801; 19% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 44% 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.