$5,332 Closing Credit*
$449,000
1,158 SqFt
3 Beds
•1 Full Bath
Max Coleman, Listing Office: EXIT Realty Bitterroot Valley South
Is 59840, 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, 59840 was a Seller's Market.
Key Takeaway
59840 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 59840, MT
How much do homes in 59840, MT cost?
Median Sold Price
$499,000
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,812(+2.0%)
Key Takeaway
Homes in 59840 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 59840 was $499,000 in November 2024, up 2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $4.5K | - | N/A |
| 2 Bedrooms | $372.5K | $374.5K | 0.5% |
| 3 Bedrooms | $521K | $503.5K | -3.4% |
| 4 Bedrooms | $747K | $647.2K | -13.4% |
| 5+ Bedrooms | $1.4M | $1.3M | -12.4% |
Summary: 59840 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 13.4%, and 5+ bedroom homes decreased by 12.4%.
Median Sold Price Compared To Nearby Zip Codes
| 59829 | $460K | $486.5K | +5.8% |
| 59840 | $489.1K | $499K | +2.0% |
Housing Supply in 59840, MT
How many homes are available in 59840, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 103 | 0.0% |
Summary: The 59840 real estate market had 103 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 20 | 23 | +15.0% |
| 3 Bedrooms | 59 | 56 | -5.1% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 59840 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 increased by 15%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 59840, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in 59840 in November 2024, down by 28.6% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for 59840, MT
How long does it take to sell a home in 59840, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 123 Days | 115 Days | -7.0% |
Summary: Homes in 59840 had an average of 115 days on market in Nov 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 59840 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 10 homes were sold in 59840; 10% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 60% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.