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 December 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

$695,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$57,550(+9.0%)

Key Takeaway

Homes in 59804 have sold for 9% more than they did a year ago.

Summary: The median home sold price in 59804 was $695,000 in December 2024, up 9% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $540K$600K
+11.1%
3 $557.5K$538K
-3.5%
4 $798K$812K
+1.8%
5+ $845K$1.3M
+60.1%

Summary: 59804 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 60.1%.

Median Sold Price Compared To Nearby Zip Codes

59804
+9.0%
59801
+7.2%
59803
+5.8%
59808
+3.5%

Housing Supply in 59804, MT

How many homes are available in 59804, MT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2425+4.2%

Summary: The 59804 real estate market had 25 homes for sale in December 2024, a 4.2% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 67
+16.7%
4 89
+12.5%
5+ 66
0.0%

Summary: The 59804 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

2 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 59804, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 59804 in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Dec 2023Dec 2024CHANGE
84 Days65 Days-23.2%

Summary: Homes in 59804 had an average of 65 days on market in Dec 2024, down by 23.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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 59804 has remained consistent over time.

Summary: During December 2024, 2 homes were sold in 59804; 0% of homes were sold within 30 days, 100% 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 7 Days Ago

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