$8,788 Closing Credit*
$740,000
1,500 SqFt
3 Beds
•2 Full Baths
Joe Cummings, Listing Office: Engel & Völkers Western Frontier - Missoula
Is 59860, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 59860 was a Seller's Market.
Key Takeaway
59860 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 59860, MT
How much do homes in 59860, MT cost?
Median Sold Price
$525,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,500(+3.4%)
Key Takeaway
Homes in 59860 have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in 59860 was $525,000 in October 2024, up 3.4% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $467.5K | $265K | -43.3% |
| 2 Bedrooms | $291K | $343K | +17.9% |
| 3 Bedrooms | $500.4K | $560K | +11.9% |
| 4 Bedrooms | $650K | $635K | -2.3% |
| 5+ Bedrooms | $670K | $630K | -6.0% |
Summary: 59860 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.3%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Zip Codes
| 59922 | $765K | $850K | +11.1% |
| 59860 | $507.5K | $525K | +3.4% |
Housing Supply in 59860, MT
How many homes are available in 59860, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 118 | 115 | -2.5% |
Summary: The 59860 real estate market had 115 homes for sale in October 2024, a 2.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 47 | 48 | +2.1% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The 59860 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 59860, you may be able to get a good deal. 82.4% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in 59860 in October 2024, up by 6.3% month-over-month. Of the 17 sold homes, 82% were sold under asking, 18% were sold at asking, and 0% were sold over asking.
Days on Market for 59860, MT
How long does it take to sell a home in 59860, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 71 Days | 96 Days | +35.8% |
Summary: Homes in 59860 had an average of 96 days on market in Oct 2024, up by 35.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 59860 has remained consistent over time.
Summary: During October 2024, 17 homes were sold in 59860; 6% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 41% 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.