$189,900
1.00 Acres
Land
Cindy Zaluski, Listing Office: Engel & Völkers Western Frontier - Stevensville
Is Lolo, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Lolo was a Seller's Market.
Key Takeaway
Lolo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lolo, MT
How much do homes in Lolo, MT cost?
Median Sold Price
$592,500
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+1.3%)
Key Takeaway
Homes in Lolo have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Lolo was $592,500 in October 2024, up 1.3% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.5K | $243K | -46.3% |
| 2 Bedrooms | $498.5K | $405K | -18.8% |
| 3 Bedrooms | $534.9K | $520K | -2.8% |
| 4 Bedrooms | $625K | $662.5K | +6.0% |
| 5+ Bedrooms | $740K | $1.2M | +68.9% |
Summary: Lolo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.3%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 68.9%.
Median Sold Price Compared To Nearby Cities
| Florence | $655K | $685K | +4.6% |
| Missoula | $531.2K | $552.6K | +4.0% |
| Lolo | $585K | $592.5K | +1.3% |
| Frenchtown-Wye | $625K | $615K | -1.6% |
Housing Supply in Lolo, MT
How many homes are available in Lolo, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 62 | -11.4% |
Summary: The Lolo real estate market had 62 homes for sale in October 2024, a 11.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 21 | 20 | -4.8% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The Lolo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 4 | -80.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lolo, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Lolo in October 2024, down by 80.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Lolo, MT
How long does it take to sell a home in Lolo, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 84 Days | 34 Days | -59.1% |
Summary: Homes in Lolo had an average of 34 days on market in Oct 2024, down by 59.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lolo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Lolo; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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.