$10,000 Closing Credit*
$1,300,000
3,094 SqFt
3 Beds
•3 Full Baths, 1 Partial
Sue Ann Atkinson, Listing Office: PureWest Real Estate - Lakeside
Is Lakeside-Somers, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lakeside-Somers has remained a Buyer's Market.
Key Takeaway
Lakeside-Somers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lakeside-Somers, MT
How much do homes in Lakeside-Somers, MT cost?
Median Sold Price
$835,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$127,500(+18.0%)
Key Takeaway
Homes in Lakeside-Somers have sold for 18% more than they did a year ago.
Summary: The median home sold price in Lakeside-Somers was $835,000 in November 2024, up 18% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $650K | N/A |
| 2 Bedrooms | $495K | $405K | -18.2% |
| 3 Bedrooms | $650K | $845K | +30.0% |
| 4 Bedrooms | $812.5K | $799.9K | -1.6% |
| 5+ Bedrooms | $765K | $1.5M | +105.9% |
Summary: Lakeside-Somers housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 105.9%.
Housing Supply in Lakeside-Somers, MT
How many homes are available in Lakeside-Somers, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 59 | +1.7% |
Summary: The Lakeside-Somers real estate market had 59 homes for sale in November 2024, a 1.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 22 | 23 | +4.5% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Lakeside-Somers 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 increased by 33.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lakeside-Somers, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Lakeside-Somers in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Lakeside-Somers, MT
How long does it take to sell a home in Lakeside-Somers, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 124 Days | +75.5% |
Summary: Homes in Lakeside-Somers had an average of 124 days on market in Nov 2024, up by 75.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lakeside-Somers are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 8 homes were sold in Lakeside-Somers; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% 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.