$325,000
7.29 Acres
Land
Charity Therriault, Listing Office: Clearwater Montana Properties - Philipsburg
Is Philipsburg, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Philipsburg has remained a Seller's Market.
Key Takeaway
Philipsburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Philipsburg, MT
How much do homes in Philipsburg, MT cost?
Median Sold Price
$557,500
$401/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$536,250(-49.0%)
Key Takeaway
Homes in Philipsburg have sold for 49% less than they did a month ago.
Summary: The median home sold price in Philipsburg was $557,500 in October 2024, down 49% from last month, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $680K | N/A |
| 2 Bedrooms | $979.5K | $405K | -58.7% |
| 3 Bedrooms | $1.7M | $435K | -74.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $477.5K | - | N/A |
Summary: Philipsburg housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 58.7%, 3 bedroom homes decreased by 74.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Philipsburg, MT
How many homes are available in Philipsburg, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Philipsburg real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Philipsburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Philipsburg, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Philipsburg in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Philipsburg, MT
How long does it take to sell a home in Philipsburg, MT?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 103 Days | 98 Days | -5.5% |
Summary: Homes in Philipsburg had an average of 98 days on market in Oct 2024, down by 5.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Philipsburg has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Philipsburg; 25% of homes were sold within 30 days, 50% 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.
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.