Is Helena, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Helena is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Helena is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Helena, MT

How much do homes in Helena, MT cost?

Median Sold Price

$448,633

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$17,951(+4.2%)

Key Takeaway

Homes in Helena have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Helena was $448,633 in September 2024, up 4.2% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $225K$289K
+28.4%
2 $311K$326.9K
+5.1%
3 $415.8K$430K
+3.4%
4 $489.9K$518.5K
+5.8%
5+ $614K$629K
+2.4%

Summary: Helena housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.4%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Cities

Clancy
+21.3%
Helena
+4.2%

Housing Supply in Helena, MT

How many homes are available in Helena, MT?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
335303-9.6%

Summary: The Helena real estate market had 303 homes for sale in September 2024, a 9.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 98
-11.1%
2 4337
-14.0%
3 139122
-12.2%
4 8077
-3.8%
5+ 6459
-7.8%

Summary: The Helena housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 7.8%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
9648-50.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Helena, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Helena in September 2024, down by 50.0% month-over-month. Of the 48 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% were sold over asking.

Days on Market for Helena, MT

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

Average Sale Time

Sep 2023Sep 2024CHANGE
40 Days70 Days+73.5%

Summary: Homes in Helena had an average of 70 days on market in Sep 2024, up by 73.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Helena has remained consistent over time.

Summary: During September 2024, 48 homes were sold in Helena; 13% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 27% 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 29 Days Ago

Newest Listings in Helena, MT

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