Is Farviews / Pattee Canyon, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Farviews / Pattee Canyon is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Farviews / Pattee Canyon has remained a Seller's Market.

Key Takeaway

Farviews / Pattee Canyon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Farviews / Pattee Canyon, MT

How much do homes in Farviews / Pattee Canyon, MT cost?

Median Sold Price

$777,500

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$37,500(+5.1%)

Key Takeaway

Homes in Farviews / Pattee Canyon have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Farviews / Pattee Canyon was $777,500 in October 2024, up 5.1% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $525K$796.2K
+51.7%
3 $630K$605K
-4.0%
4 $754.5K$777.5K
+3.0%
5+ $1.3M$1.1M
-18.5%

Summary: Farviews / Pattee Canyon 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 51.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 18.5%.

Housing Supply in Farviews / Pattee Canyon, MT

How many homes are available in Farviews / Pattee Canyon, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1619+18.8%

Summary: The Farviews / Pattee Canyon real estate market had 19 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 47
+75.0%
4 88
0.0%
5+ 22
0.0%

Summary: The Farviews / Pattee Canyon 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 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Farviews / Pattee Canyon, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Farviews / Pattee Canyon in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Farviews / Pattee Canyon, MT

How long does it take to sell a home in Farviews / Pattee Canyon, MT?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days122 Days+512.5%

Summary: Homes in Farviews / Pattee Canyon had an average of 122 days on market in Oct 2024, up by 512.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Farviews / Pattee Canyon; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% 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 22 Days Ago

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