$8,016 Closing Credit*
$675,000
Charlie Eubank, Listing Office: Small Dog Realty
Is Park County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Park County has remained a Seller's Market.
Key Takeaway
Park County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Park County, MT
How much do homes in Park County, MT cost?
Median Sold Price
$545,000
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+6.9%)
Key Takeaway
Homes in Park County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Park County was $545,000 in October 2024, up 6.9% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329K | $384.5K | +16.9% |
| 2 Bedrooms | $354.5K | $375K | +5.8% |
| 3 Bedrooms | $532.5K | $545K | +2.3% |
| 4 Bedrooms | $615K | $690K | +12.2% |
| 5+ Bedrooms | $669.5K | $935K | +39.7% |
Summary: Park County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 39.7%.
Median Sold Price Compared To Nearby Counties
| Stillwater County | $442.5K | $589.9K | +33.3% |
| Park County | $510K | $545K | +6.9% |
| Gallatin County | $692.6K | $701.7K | +1.3% |
Housing Supply in Park County, MT
How many homes are available in Park County, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 108 | -3.6% |
Summary: The Park County real estate market had 108 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 25 | 28 | +12.0% |
| 3 Bedrooms | 48 | 45 | -6.3% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Park County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Park County, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Park County in October 2024, up by 4.8% month-over-month. Of the 22 sold homes, 68% were sold under asking, 14% were sold at asking, and 18% were sold over asking.
Days on Market for Park County, MT
How long does it take to sell a home in Park County, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 63 Days | +33.3% |
Summary: Homes in Park County had an average of 63 days on market in Oct 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Park County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 22 homes were sold in Park County; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% 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 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.
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.