Is Mineral County, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral County is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Mineral County has remained a Buyer's Market.

Key Takeaway

Mineral County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mineral County, MT

How much do homes in Mineral County, MT cost?

Median Sold Price

$455,000

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,550(+6.4%)

Key Takeaway

Homes in Mineral County have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Mineral County was $455,000 in November 2024, up 6.4% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $425K$257.5K
-39.4%
2 $400K$400K
0.0%
3 $445K$515.9K
+15.9%
4 $429.9K$525K
+22.1%
5+ $1.3M$750K
-43.1%

Summary: Mineral County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.4%, 2 bedroom homes did not change, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 43.1%.

Median Sold Price Compared To Nearby Counties

Mineral County
+6.4%
Missoula County
+3.0%
Sanders County
-4.8%

Housing Supply in Mineral County, MT

How many homes are available in Mineral County, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4851+6.3%

Summary: The Mineral County real estate market had 51 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 32
-33.3%
2 1011
+10.0%
3 2829
+3.6%
4 35
+66.7%
5+ 44
0.0%

Summary: The Mineral County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mineral County in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Mineral County, MT

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

Average Sale Time

Nov 2023Nov 2024CHANGE
83 Days197 Days+138.2%

Summary: Homes in Mineral County had an average of 197 days on market in Nov 2024, up by 138.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mineral County has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Mineral County; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in Mineral County, MT

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