Is 59917, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59917 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 59917 was a Seller's Market.

Key Takeaway

59917 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59917, MT

How much do homes in 59917, MT cost?

Median Sold Price

$317,950

$260/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$22,050(-6.5%)

Key Takeaway

Homes in 59917 have sold for 6.5% less than they did a month ago.

Summary: The median home sold price in 59917 was $317,950 in December 2024, down 6.5% from last month, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$349.9K
N/A
3 $339K$662.5K
+95.4%
4 $862.5K-
N/A
5+ -$286K
N/A

Summary: 59917 housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 95.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

59917
-6.5%
59930
-47.5%

Housing Supply in 59917, MT

How many homes are available in 59917, MT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4741-12.8%

Summary: The 59917 real estate market had 41 homes for sale in December 2024, a 12.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 46
+50.0%
2 55
0.0%
3 2115
-28.6%
4 119
-18.2%
5+ 66
0.0%

Summary: The 59917 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59917, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 59917 in December 2024, down by 55.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for 59917, MT

How long does it take to sell a home in 59917, MT?

Average Sale Time

Nov 2024Dec 2024CHANGE
93 Days90 Days-2.4%

Summary: Homes in 59917 had an average of 90 days on market in Dec 2024, down by 2.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59917 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 4 homes were sold in 59917; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

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