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 November 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

$642,134

$354/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,841(+3.7%)

Key Takeaway

Homes in Flathead County have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Flathead County was $642,134 in November 2024, up 3.7% from last year, and the median price per square foot was $354.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $415K$400K
-3.6%
2 $493.2K$465K
-5.7%
3 $585K$588.1K
0.5%
4 $749.9K$871K
+16.1%
5+ $1.0M$1.0M
+6.0%

Summary: Flathead County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Counties

Lincoln County
+20.8%
Flathead County
+3.7%
Pondera County
+1.1%
Lake County
-0.6%

Housing Supply in Flathead County, MT

How many homes are available in Flathead County, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
968938-3.1%

Summary: The Flathead County real estate market had 938 homes for sale in November 2024, a 3.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3938
-2.6%
2 147143
-2.7%
3 406396
-2.5%
4 234226
-3.4%
5+ 142135
-4.9%

Summary: The Flathead County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.6%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 4.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
142109-23.2%

Asking Price vs. Sold Price

80 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

14 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. 73.4% of homes here sold below asking price last month.

Summary: A total of 109 homes were sold or pending in Flathead County in November 2024, down by 23.2% month-over-month. Of the 109 sold homes, 73% were sold under asking, 14% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
88 Days117 Days+33.6%

Summary: Homes in Flathead County had an average of 117 days on market in Nov 2024, up by 33.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

60 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 November 2024, 109 homes were sold in Flathead County; 8% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 55% 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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