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 October 2023

At the same time last year, 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

$567,500

$304/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,500(-0.4%)

Key Takeaway

The sold price of homes in 59917 has remained the same since last year.

Summary: The median home sold price in 59917 was $567,500 in October 2024, down 0.4% from last year, and the median price per square foot was $304.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $212.5K$460K
+116.5%
2 $360K$420K
+16.7%
3 $702.5K$572.5K
-18.5%
4 $537.5K$735K
+36.7%
5+ $597.5K$850K
+42.3%

Summary: 59917 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 18.5%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 42.3%.

Housing Supply in 59917, MT

How many homes are available in 59917, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6870+2.9%

Summary: The 59917 real estate market had 70 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 86
-25.0%
2 79
+28.6%
3 3232
0.0%
4 1314
+7.7%
5+ 89
+12.5%

Summary: The 59917 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

5 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 59917, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 59917 in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
92 Days69 Days-24.7%

Summary: Homes in 59917 had an average of 69 days on market in Oct 2024, down by 24.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 59917 has remained consistent over time.

Summary: During October 2024, 5 homes were sold in 59917; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

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