Is 59920, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59920 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 59920 has remained a Seller's Market.

Key Takeaway

59920 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 59920, MT

How much do homes in 59920, MT cost?

Median Sold Price

$820,000

$443/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$226,500(+38.2%)

Key Takeaway

Homes in 59920 have sold for 38.2% more than they did a year ago.

Summary: The median home sold price in 59920 was $820,000 in October 2024, up 38.2% from last year, and the median price per square foot was $443.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$493.5K
+265.6%
2 $675K$537K
-20.4%
3 $580K$890K
+53.4%
4 $749.9K$1.1M
+49.4%
5+ $535K$1.1M
+105.6%

Summary: 59920 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 265.6%, 2 bedroom homes decreased by 20.4%, 3 bedroom homes increased by 53.4%, 4 bedroom homes increased by 49.4%, and 5+ bedroom homes increased by 105.6%.

Median Sold Price Compared To Nearby Zip Codes

59920
+38.2%
59922
+11.1%
59901
-3.6%

Housing Supply in 59920, MT

How many homes are available in 59920, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1516+6.7%

Summary: The 59920 real estate market had 16 homes for sale in October 2024, a 6.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 56
+20.0%
4 33
0.0%
5+ 33
0.0%

Summary: The 59920 housing inventory by bedroom type for October 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
03+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59920, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 59920 in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 59920, MT

How long does it take to sell a home in 59920, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
74 Days187 Days+152.7%

Summary: Homes in 59920 had an average of 187 days on market in Oct 2024, up by 152.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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 59920 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in 59920; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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

Newest Listings in 59920, MT

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