Is 59828, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59828 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 59828 has remained a Buyer's Market.

Key Takeaway

59828 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59828, MT

How much do homes in 59828, MT cost?

Median Sold Price

$599,500

$332/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$180,500(-23.1%)

Key Takeaway

Homes in 59828 have sold for 23.1% less than they did a year ago.

Summary: The median home sold price in 59828 was $599,500 in October 2024, down 23.1% from last year, and the median price per square foot was $332.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$292.5K
N/A
2 $450K$650.6K
+44.6%
3 $676.6K$580K
-14.3%
4 $957.5K$813.5K
-15.0%
5+ $1.0M$960K
-11.3%

Summary: 59828 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 44.6%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 11.3%.

Median Sold Price Compared To Nearby Zip Codes

59875
+14.7%
59840
+1.9%
59870
-2.4%
59828
-23.1%

Housing Supply in 59828, MT

How many homes are available in 59828, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4342-2.3%

Summary: The 59828 real estate market had 42 homes for sale in October 2024, a 2.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 44
0.0%
3 2725
-7.4%
4 66
0.0%
5+ 55
0.0%

Summary: The 59828 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

2 Homes Were 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 59828, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 59828 in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 59828, MT

How long does it take to sell a home in 59828, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days111 Days+336.6%

Summary: Homes in 59828 had an average of 111 days on market in Oct 2024, up by 336.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59828 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 59828; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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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