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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59920 is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

59920 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59920, MT

How much do homes in 59920, MT cost?

Median Sold Price

$820,000

$455/sqft

Based on all homes sold in the last 12 months.

Difference Since November 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 November 2024, up 38.2% from last year, and the median price per square foot was $455.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$493.5K
N/A
2 $650K$674K
+3.7%
3 $581.5K$820K
+41.0%
4 $676.9K$1.1M
+65.4%
5+ $535K$1.1M
+105.6%

Summary: 59920 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 increased by 3.7%, 3 bedroom homes increased by 41%, 4 bedroom homes increased by 65.4%, and 5+ bedroom homes increased by 105.6%.

Median Sold Price Compared To Nearby Zip Codes

59920
+38.2%
59922
+9.5%
59901
-2.5%

Housing Supply in 59920, MT

How many homes are available in 59920, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1310-23.1%

Summary: The 59920 real estate market had 10 homes for sale in November 2024, a 23.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 53
-40.0%
4 33
0.0%
5+ 11
0.0%

Summary: The 59920 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 decreased by 25%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was 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. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 59920 in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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

Nov 2023Nov 2024CHANGE
168 Days46 Days-72.6%

Summary: Homes in 59920 had an average of 46 days on market in Nov 2024, down by 72.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 59920 has remained consistent over time.

Summary: During November 2024, 1 homes were sold in 59920; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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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