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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Powell County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Powell County was a Neutral Market.

Key Takeaway

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

Housing Prices in Powell County, MT

How much do homes in Powell County, MT cost?

Median Sold Price

$290,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+10.5%)

Key Takeaway

Homes in Powell County have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Powell County was $290,000 in November 2024, up 10.5% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $168.7K$290K
+71.9%
2 $239K$227.2K
-4.9%
3 $308K$315K
+2.3%
4 $324.5K$416.2K
+28.3%
5+ $377.5K$457K
+21.1%

Summary: Powell County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 71.9%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 21.1%.

Median Sold Price Compared To Nearby Counties

Powell County
+10.5%
Deer Lodge County
+7.9%
Missoula County
+3.0%
Lewis and Clark County
+2.6%

Housing Supply in Powell County, MT

How many homes are available in Powell County, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
40400.0%

Summary: The Powell County real estate market had 40 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 1312
-7.7%
3 1615
-6.3%
4 55
0.0%
5+ 45
+25.0%

Summary: The Powell County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Powell County, 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 Powell County in November 2024, the same as the previous 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 Powell County, MT

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

Average Sale Time

Nov 2023Nov 2024CHANGE
76 Days97 Days+27.0%

Summary: Homes in Powell County had an average of 97 days on market in Nov 2024, up by 27% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Powell County; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 Powell County, MT

Nearby Markets to Powell County, MT

What housing markets are near Powell County, MT?