$2,601 Closing Credit*
$219,000
1,230 SqFt
2 Beds
•1 Full Bath
Trudy Berge, Charlie Scott, Listing Office: HomeSmart Realty Partners
Is Hot Springs, 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, Hot Springs was a Seller's Market.
Key Takeaway
Hot Springs 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 Hot Springs, MT
How much do homes in Hot Springs, MT cost?
Median Sold Price
$263,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,500(+1.7%)
Key Takeaway
Homes in Hot Springs have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Hot Springs was $263,500 in November 2024, up 1.7% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $90K | $300K | +233.3% |
| 2 Bedrooms | $482.5K | $263.5K | -45.4% |
| 3 Bedrooms | $280K | $165.8K | -40.8% |
| 4 Bedrooms | $259K | $449K | +73.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: Hot Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 233.3%, 2 bedroom homes decreased by 45.4%, 3 bedroom homes decreased by 40.8%, 4 bedroom homes increased by 73.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Flathead Reservation | $259K | $280K | +8.1% |
| Hot Springs | $259K | $263.5K | +1.7% |
Housing Supply in Hot Springs, MT
How many homes are available in Hot Springs, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Summary: The Hot Springs real estate market had 7 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hot Springs housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 0 | 1 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hot Springs, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Hot Springs in November 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Hot Springs, MT
How long does it take to sell a home in Hot Springs, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 113 Days | +25.6% |
Summary: Homes in Hot Springs had an average of 113 days on market in Nov 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Hot Springs are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in Hot Springs; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.