$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 Lake County, 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, Lake County was a Neutral Market.
Key Takeaway
Lake County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lake County, MT
How much do homes in Lake County, MT cost?
Median Sold Price
$497,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,983(-0.6%)
Key Takeaway
Homes in Lake County have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Lake County was $497,000 in November 2024, down 0.6% 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 | $375K | $265K | -29.3% |
| 2 Bedrooms | $338K | $358K | +5.9% |
| 3 Bedrooms | $505K | $510K | +1.0% |
| 4 Bedrooms | $614.5K | $662.5K | +7.8% |
| 5+ Bedrooms | $565K | $810.5K | +43.5% |
Summary: Lake County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 43.5%.
Median Sold Price Compared To Nearby Counties
| Flathead County | $619.2K | $642.1K | +3.7% |
| Missoula County | $543K | $559.3K | +3.0% |
| Lake County | $499.9K | $497K | -0.6% |
| Sanders County | $459K | $437K | -4.8% |
Housing Supply in Lake County, MT
How many homes are available in Lake County, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 189 | -3.6% |
Summary: The Lake County real estate market had 189 homes for sale in November 2024, a 3.6% 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 | 39 | 32 | -17.9% |
| 3 Bedrooms | 76 | 81 | +6.6% |
| 4 Bedrooms | 56 | 54 | -3.6% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The Lake County 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 17.9%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake County, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Lake County in November 2024, the same as the previous month. Of the 23 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Lake County, MT
How long does it take to sell a home in Lake County, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 155 Days | 115 Days | -25.9% |
Summary: Homes in Lake County had an average of 115 days on market in Nov 2024, down by 25.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lake County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 23 homes were sold in Lake County; 9% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 57% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.