$2,363 Closing Credit*
$199,000
1,254 SqFt
3 Beds
•1 Full Bath
Kim Hofstad, Listing Office: 1st Choice Realty LLC
Is Conrad, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Conrad has remained a Seller's Market.
Key Takeaway
Conrad is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Conrad, MT
How much do homes in Conrad, MT cost?
Median Sold Price
$176,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$47,000(-21.1%)
Key Takeaway
Homes in Conrad have sold for 21.1% less than they did a year ago.
Summary: The median home sold price in Conrad was $176,000 in October 2024, down 21.1% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $142K | N/A |
| 2 Bedrooms | $129K | $135K | +4.7% |
| 3 Bedrooms | $169K | $190K | +12.4% |
| 4 Bedrooms | $275K | $270.6K | -1.6% |
| 5+ Bedrooms | $312K | $328.7K | +5.4% |
Summary: Conrad 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 increased by 4.7%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Conrad, MT
How many homes are available in Conrad, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Conrad real estate market had 13 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Conrad 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Conrad, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Conrad in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Conrad, MT
How long does it take to sell a home in Conrad, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 152 Days | 63 Days | -58.6% |
Summary: Homes in Conrad had an average of 63 days on market in Oct 2024, down by 58.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Conrad has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Conrad; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% 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.