Is Flathead County, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flathead County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Flathead County was a Seller's Market.

Key Takeaway

Flathead County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Flathead County, MT

How much do homes in Flathead County, MT cost?

Median Sold Price

$635,906

$352/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,089(+2.1%)

Key Takeaway

Homes in Flathead County have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Flathead County was $635,906 in October 2024, up 2.1% from last year, and the median price per square foot was $352.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $415K$403K
-2.9%
2 $490.2K$467.3K
-4.7%
3 $585K$588.9K
+0.7%
4 $769.2K$829.6K
+7.9%
5+ $1.0M$990K
-7.9%

Summary: Flathead County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 7.9%.

Median Sold Price Compared To Nearby Counties

Lincoln County
+14.0%
Flathead County
+2.1%
Lake County
+1.0%
Pondera County
-2.0%

Housing Supply in Flathead County, MT

How many homes are available in Flathead County, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,0701,064-0.6%

Summary: The Flathead County real estate market had 1,064 homes for sale in October 2024, a 0.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3441
+20.6%
2 158157
-0.6%
3 449436
-2.9%
4 270269
-0.4%
5+ 159161
+1.3%

Summary: The Flathead County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.6%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 1.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
153137-10.5%

Asking Price vs. Sold Price

93 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flathead County, you may be able to get a good deal. 67.9% of homes here sold below asking price last month.

Summary: A total of 137 homes were sold or pending in Flathead County in October 2024, down by 10.5% month-over-month. Of the 137 sold homes, 68% were sold under asking, 18% were sold at asking, and 14% were sold over asking.

Days on Market for Flathead County, MT

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

Average Sale Time

Oct 2023Oct 2024CHANGE
95 Days105 Days+9.7%

Summary: Homes in Flathead County had an average of 105 days on market in Oct 2024, up by 9.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

71 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Flathead County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 137 homes were sold in Flathead County; 12% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 52% 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 20 Days Ago

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