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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Basin is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Basin has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Basin, MT

How much do homes in Basin, MT cost?

Median Sold Price

$574,000

$458/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$164,000(+40.0%)

Key Takeaway

Homes in Basin have sold for 40% more than they did a month ago.

Summary: The median home sold price in Basin was $574,000 in October 2024, up 40% from last month, and the median price per square foot was $458.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $410K-
N/A
2 -$574K
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Basin housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Basin, MT

How many homes are available in Basin, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43-25.0%

Summary: The Basin real estate market had 3 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 33
0.0%
3 00
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Basin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Basin, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Basin in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Basin, MT

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

Average Sale Time

Sep 2024Oct 2024CHANGE
55 Days24 Days-55.5%

Summary: Homes in Basin had an average of 24 days on market in Oct 2024, down by 55.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

Many homes in Basin are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Basin; 50% of homes were sold within 30 days, 50% 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 21 Days Ago

Newest Listings in Basin, MT

Nearby Markets to Basin, MT