Is 59804, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59804 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59804 was a Seller's Market.

Key Takeaway

59804 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59804, MT

How much do homes in 59804, MT cost?

Median Sold Price

$667,006

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,556(+4.6%)

Key Takeaway

Homes in 59804 have sold for 4.6% more than they did a year ago.

Summary: The median home sold price in 59804 was $667,006 in October 2024, up 4.6% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $498.5K$600K
+20.4%
3 $545K$545K
0.0%
4 $774K$812K
+4.9%
5+ $850K$1.3M
+59.1%

Summary: 59804 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 59.1%.

Median Sold Price Compared To Nearby Zip Codes

59834
+11.6%
59803
+10.1%
59801
+7.0%
59808
+4.7%
59804
+4.6%

Housing Supply in 59804, MT

How many homes are available in 59804, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3125-19.4%

Summary: The 59804 real estate market had 25 homes for sale in October 2024, a 19.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 22
0.0%
3 74
-42.9%
4 1310
-23.1%
5+ 77
0.0%

Summary: The 59804 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 remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59804, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 59804 in October 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 59804, MT

How long does it take to sell a home in 59804, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
88 Days9 Days-89.2%

Summary: Homes in 59804 had an average of 9 days on market in Oct 2024, down by 89.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59804 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 59804; 100% of homes were sold within 30 days, 0% 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 22 Days Ago

Newest Listings in 59804, MT

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