Is 59858, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59858 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 59858 has remained a Seller's Market.

Key Takeaway

59858 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59858, MT

How much do homes in 59858, MT cost?

Median Sold Price

$557,500

$401/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$536,250(-49.0%)

Key Takeaway

Homes in 59858 have sold for 49% less than they did a month ago.

Summary: The median home sold price in 59858 was $557,500 in October 2024, down 49% from last month, and the median price per square foot was $401.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$680K
N/A
2 $979.5K$405K
-58.7%
3 $1.7M$435K
-74.6%
4 --
N/A
5+ $477.5K-
N/A

Summary: 59858 housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 58.7%, 3 bedroom homes decreased by 74.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 59858, MT

How many homes are available in 59858, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
23230.0%

Summary: The 59858 real estate market had 23 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 65
-16.7%
3 54
-20.0%
4 45
+25.0%
5+ 66
0.0%

Summary: The 59858 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59858, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 59858 in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for 59858, MT

How long does it take to sell a home in 59858, MT?

Average Sale Time

Sep 2024Oct 2024CHANGE
103 Days98 Days-5.5%

Summary: Homes in 59858 had an average of 98 days on market in Oct 2024, down by 5.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 59858 has remained consistent over time.

Summary: During October 2024, 4 homes were sold in 59858; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 21 Days Ago

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