Is 59937, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 59937 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 59937 was a Seller's Market.

Key Takeaway

59937 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 59937, MT

How much do homes in 59937, MT cost?

Median Sold Price

$925,000

$510/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$59,750(+6.9%)

Key Takeaway

Homes in 59937 have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in 59937 was $925,000 in October 2024, up 6.9% from last year, and the median price per square foot was $510.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $447.5K$465K
+3.9%
2 $577K$570K
-1.2%
3 $854.7K$875K
+2.4%
4 $1.4M$1.3M
-7.1%
5+ $2.5M$2.7M
+8.0%

Summary: 59937 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 8%.

Housing Supply in 59937, MT

How many homes are available in 59937, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
269268-0.4%

Summary: The 59937 real estate market had 268 homes for sale in October 2024, a 0.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1824
+33.3%
2 5046
-8.0%
3 9586
-9.5%
4 6971
+2.9%
5+ 3741
+10.8%

Summary: The 59937 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 10.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4323-46.5%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 59937, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 59937 in October 2024, down by 46.5% month-over-month. Of the 23 sold homes, 65% were sold under asking, 26% were sold at asking, and 9% were sold over asking.

Days on Market for 59937, MT

How long does it take to sell a home in 59937, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
136 Days106 Days-22.1%

Summary: Homes in 59937 had an average of 106 days on market in Oct 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 59937 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 23 homes were sold in 59937; 13% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 48% 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 17 Days Ago

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