Is 59912, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59912 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 59912 was a Seller's Market.

Key Takeaway

59912 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59912, MT

How much do homes in 59912, MT cost?

Median Sold Price

$589,000

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,375(-1.6%)

Key Takeaway

Homes in 59912 have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in 59912 was $589,000 in November 2024, down 1.6% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $359K$382K
+6.4%
2 $401K$380K
-5.2%
3 $575K$587.5K
+2.2%
4 $762.2K$649K
-14.9%
5+ $747.5K$1.1M
+56.5%

Summary: 59912 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 56.5%.

Housing Supply in 59912, MT

How many homes are available in 59912, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9894-4.1%

Summary: The 59912 real estate market had 94 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 1314
+7.7%
3 4442
-4.5%
4 2425
+4.2%
5+ 1311
-15.4%

Summary: The 59912 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
174-76.5%

Asking Price vs. Sold Price

4 Homes Were 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 59912, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 59912 in November 2024, down by 76.5% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 59912, MT

How long does it take to sell a home in 59912, MT?

Average Sale Time

Nov 2023Nov 2024CHANGE
76 Days139 Days+81.1%

Summary: Homes in 59912 had an average of 139 days on market in Nov 2024, up by 81.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59912 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in 59912; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% 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 18 Days Ago

Newest Listings in 59912, MT

Nearby Markets to 59912, MT