Is 59859, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59859 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59859 was a Seller's Market.

Key Takeaway

59859 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59859, MT

How much do homes in 59859, MT cost?

Median Sold Price

$384,750

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$94,750(-19.8%)

Key Takeaway

Homes in 59859 have sold for 19.8% less than they did a year ago.

Summary: The median home sold price in 59859 was $384,750 in October 2024, down 19.8% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $320K$150K
-53.1%
2 $407K$258.9K
-36.4%
3 $460K$380K
-17.4%
4 $577K$450K
-22.0%
5+ $957.5K$501.5K
-47.6%

Summary: 59859 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.1%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 17.4%, 4 bedroom homes decreased by 22%, and 5+ bedroom homes decreased by 47.6%.

Housing Supply in 59859, MT

How many homes are available in 59859, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2928-3.4%

Summary: The 59859 real estate market had 28 homes for sale in October 2024, a 3.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 108
-20.0%
3 1213
+8.3%
4 12
+100.0%
5+ 31
-66.7%

Summary: The 59859 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
53-40.0%

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 59859, 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 59859 in October 2024, down by 40.0% 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 59859, MT

How long does it take to sell a home in 59859, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
59 Days77 Days+29.9%

Summary: Homes in 59859 had an average of 77 days on market in Oct 2024, up by 29.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 59859 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in 59859; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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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