Is 59922, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59922 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59922 was a Seller's Market.

Key Takeaway

59922 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59922, MT

How much do homes in 59922, MT cost?

Median Sold Price

$850,000

$349/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$85,000(+11.1%)

Key Takeaway

Homes in 59922 have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in 59922 was $850,000 in October 2024, up 11.1% from last year, and the median price per square foot was $349.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$650K
N/A
2 $700K$428K
-38.9%
3 $659K$837.5K
+27.1%
4 $875K$775K
-11.4%
5+ $5.8M$2.1M
-63.2%

Summary: 59922 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 38.9%, 3 bedroom homes increased by 27.1%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 63.2%.

Median Sold Price Compared To Nearby Zip Codes

59920
+38.2%
59922
+11.1%

Housing Supply in 59922, MT

How many homes are available in 59922, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4645-2.2%

Summary: The 59922 real estate market had 45 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 1921
+10.5%
4 1312
-7.7%
5+ 86
-25.0%

Summary: The 59922 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 10.5%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59922, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 59922 in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for 59922, MT

How long does it take to sell a home in 59922, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
66 Days41 Days-37.9%

Summary: Homes in 59922 had an average of 41 days on market in Oct 2024, down by 37.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were 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 59922 has remained consistent over time.

Summary: During October 2024, 3 homes were sold in 59922; 33% of homes were sold within 30 days, 67% 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 13 Days Ago

Newest Listings in 59922, MT

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