$4,275 Closing Credit*
$360,000
1,036 SqFt
2 Beds
•2 Full Baths, 1 Partial
Robin Wallace, Kelsey Lyn Fowler, Listing Office: Berkshire Hathaway HomeServices - Kalispell
Is Flathead Reservation, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Flathead Reservation was a Neutral Market.
Key Takeaway
Flathead Reservation is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Flathead Reservation, MT
How much do homes in Flathead Reservation, MT cost?
Median Sold Price
$497,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-0.4%)
Key Takeaway
The sold price of homes in Flathead Reservation has remained the same since last year.
Summary: The median home sold price in Flathead Reservation was $497,000 in November 2024, down 0.4% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $331K | $265K | -19.9% |
| 2 Bedrooms | $344K | $350K | +1.7% |
| 3 Bedrooms | $501K | $520K | +3.8% |
| 4 Bedrooms | $619K | $662.5K | +7.0% |
| 5+ Bedrooms | $560K | $722.5K | +29.0% |
Summary: Flathead Reservation housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 29%.
Median Sold Price Compared To Nearby Cities
| Polson | $525K | $525K | 0.0% |
| Flathead Reservation | $499K | $497K | -0.4% |
| Ronan | $403.9K | $377K | -6.7% |
Housing Supply in Flathead Reservation, MT
How many homes are available in Flathead Reservation, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 189 | 182 | -3.7% |
Summary: The Flathead Reservation real estate market had 182 homes for sale in November 2024, a 3.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 37 | 30 | -18.9% |
| 3 Bedrooms | 77 | 82 | +6.5% |
| 4 Bedrooms | 50 | 48 | -4.0% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Flathead Reservation housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flathead Reservation, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Flathead Reservation in November 2024, down by 4.3% month-over-month. Of the 22 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Flathead Reservation, MT
How long does it take to sell a home in Flathead Reservation, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 158 Days | 120 Days | -24.2% |
Summary: Homes in Flathead Reservation had an average of 120 days on market in Nov 2024, down by 24.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Flathead Reservation are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 22 homes were sold in Flathead Reservation; 5% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 59% 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.