$3,551 Closing Credit*
$299,000
1,200 SqFt
2 Beds
•1 Full Bath, 1 Partial
Justin Joyner, Listing Office: Montana Land Buyer Realty
Is City Center, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, City Center was a Seller's Market.
Key Takeaway
City Center is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in City Center, MT
How much do homes in City Center, MT cost?
Median Sold Price
$173,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$21,500(-11.1%)
Key Takeaway
Homes in City Center have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in City Center was $173,000 in October 2024, down 11.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $78K | -57.6% |
| 2 Bedrooms | $157.5K | $130.2K | -17.3% |
| 3 Bedrooms | $230K | $195K | -15.2% |
| 4 Bedrooms | $315K | $239K | -24.1% |
| 5+ Bedrooms | $330K | $380K | +15.2% |
Summary: City Center housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.6%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes increased by 15.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Silver Bow Park | $243K | $260K | +7.0% |
| Montana Tech / W. Platinum St. | $245K | $250K | +2.0% |
| Cobban St. / Oregon Ave. | $242K | $224K | -7.4% |
| City Center | $194.5K | $173K | -11.1% |
Housing Supply in City Center, MT
How many homes are available in City Center, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The City Center real estate market had 44 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The City Center 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 increased by 15.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in City Center, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in City Center in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for City Center, MT
How long does it take to sell a home in City Center, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 84 Days | +65.1% |
Summary: Homes in City Center had an average of 84 days on market in Oct 2024, up by 65.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in City Center are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in City Center; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.