Is 59872, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59872 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 59872 was a Seller's Market.

Key Takeaway

59872 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59872, MT

How much do homes in 59872, MT cost?

Median Sold Price

$437,500

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$67,500(+18.2%)

Key Takeaway

Homes in 59872 have sold for 18.2% more than they did a year ago.

Summary: The median home sold price in 59872 was $437,500 in November 2024, up 18.2% from last year, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $405K$342K
-15.6%
3 $358.5K$415K
+15.8%
4 $285K$432K
+51.6%
5+ $1.2M$690K
-44.8%

Summary: 59872 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 decreased by 15.6%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 51.6%, and 5+ bedroom homes decreased by 44.8%.

Median Sold Price Compared To Nearby Zip Codes

59872
+18.2%
59859
-22.9%

Housing Supply in 59872, MT

How many homes are available in 59872, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2527+8.0%

Summary: The 59872 real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1718
+5.9%
4 23
+50.0%
5+ 11
0.0%

Summary: The 59872 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 remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59872, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in 59872 in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 59872, MT

How long does it take to sell a home in 59872, MT?

Average Sale Time

Nov 2023Nov 2024CHANGE
83 Days453 Days+445.8%

Summary: Homes in 59872 had an average of 453 days on market in Nov 2024, up by 445.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59872 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in 59872; 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 23 Days Ago

Newest Listings in 59872, MT

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