$195,000
5.09 Acres
Land
Deborah Warren, Listing Office: Century 21 Big Sky Real Estate (2844) - Plains
Is Plains, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Plains was a Neutral Market.
Key Takeaway
Plains is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Plains, MT
How much do homes in Plains, MT cost?
Median Sold Price
$389,500
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$115,000(-22.8%)
Key Takeaway
Homes in Plains have sold for 22.8% less than they did a year ago.
Summary: The median home sold price in Plains was $389,500 in November 2024, down 22.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $320K | $150K | -53.1% |
| 2 Bedrooms | $472.5K | $250K | -47.1% |
| 3 Bedrooms | $474.5K | $380K | -19.9% |
| 4 Bedrooms | $550K | $450K | -18.2% |
| 5+ Bedrooms | $957.5K | $501.5K | -47.6% |
Summary: Plains housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.1%, 2 bedroom homes decreased by 47.1%, 3 bedroom homes decreased by 19.9%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 47.6%.
Housing Supply in Plains, MT
How many homes are available in Plains, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Summary: The Plains real estate market had 22 homes for sale in November 2024, a 15.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Plains housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Plains, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Plains in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Plains, MT
How long does it take to sell a home in Plains, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 112 Days | 127 Days | +13.4% |
Summary: Homes in Plains had an average of 127 days on market in Nov 2024, up by 13.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Plains are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 2 homes were sold in Plains; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.