$7,897 Closing Credit*
$665,000
1,264 SqFt
2 Beds
•2 Full Baths
Nan Wise, Sandy Johnson, Listing Office: P3 & Associates, Inc.
Is Columbia Falls, 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, Columbia Falls was a Seller's Market.
Key Takeaway
Columbia Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Columbia Falls, MT
How much do homes in Columbia Falls, MT cost?
Median Sold Price
$595,000
$350/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$1,750(-0.3%)
Key Takeaway
The sold price of homes in Columbia Falls has remained the same since last year.
Summary: The median home sold price in Columbia Falls was $595,000 in October 2024, down 0.3% from last year, and the median price per square foot was $350.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $359K | $622K | +73.3% |
| 2 Bedrooms | $401K | $380K | -5.2% |
| 3 Bedrooms | $560K | $598K | +6.8% |
| 4 Bedrooms | $767K | $649K | -15.4% |
| 5+ Bedrooms | $800K | $1.0M | +25.5% |
Summary: Columbia Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.3%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 25.5%.
Housing Supply in Columbia Falls, MT
How many homes are available in Columbia Falls, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 109 | 0.0% |
Summary: The Columbia Falls real estate market had 109 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 49 | 49 | 0.0% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Columbia Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Columbia Falls, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Columbia Falls in October 2024, up by 45.5% month-over-month. Of the 16 sold homes, 81% were sold under asking, 6% were sold at asking, and 13% were sold over asking.
Days on Market for Columbia Falls, MT
How long does it take to sell a home in Columbia Falls, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 97 Days | 92 Days | -5.0% |
Summary: Homes in Columbia Falls had an average of 92 days on market in Oct 2024, down by 5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Columbia Falls are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 16 homes were sold in Columbia Falls; 0% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 69% 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 (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.