$5,332 Closing Credit*
$449,000
1,158 SqFt
3 Beds
•1 Full Bath
Max Coleman, Listing Office: EXIT Realty Bitterroot Valley South
Is Ravalli County, 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, Ravalli County was a Seller's Market.
Key Takeaway
Ravalli County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ravalli County, MT
How much do homes in Ravalli County, MT cost?
Median Sold Price
$584,093
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,353(+0.8%)
Key Takeaway
Homes in Ravalli County have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Ravalli County was $584,093 in November 2024, up 0.8% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $391K | $424.5K | +8.6% |
| 2 Bedrooms | $415.1K | $399.9K | -3.7% |
| 3 Bedrooms | $575K | $582.4K | +1.3% |
| 4 Bedrooms | $767K | $717.5K | -6.5% |
| 5+ Bedrooms | $907.5K | $1.1M | +26.2% |
Summary: Ravalli County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 26.2%.
Median Sold Price Compared To Nearby Counties
| Deer Lodge County | $265K | $286K | +7.9% |
| Missoula County | $543K | $559.3K | +3.0% |
| Beaverhead County | $361.7K | $372.5K | +3.0% |
| Ravalli County | $579.7K | $584K | +0.8% |
Housing Supply in Ravalli County, MT
How many homes are available in Ravalli County, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 315 | 306 | -2.9% |
Summary: The Ravalli County real estate market had 306 homes for sale in November 2024, a 2.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 55 | 61 | +10.9% |
| 3 Bedrooms | 166 | 150 | -9.6% |
| 4 Bedrooms | 52 | 52 | 0.0% |
| 5+ Bedrooms | 28 | 30 | +7.1% |
Summary: The Ravalli County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 31 | -39.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ravalli County, you may be able to get a good deal. 67.7% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Ravalli County in November 2024, down by 39.2% month-over-month. Of the 31 sold homes, 68% were sold under asking, 19% were sold at asking, and 13% were sold over asking.
Days on Market for Ravalli County, MT
How long does it take to sell a home in Ravalli County, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 113 Days | 86 Days | -23.8% |
Summary: Homes in Ravalli County had an average of 86 days on market in Nov 2024, down by 23.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ravalli County has remained consistent over time.
Summary: During November 2024, 31 homes were sold in Ravalli County; 13% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 39% 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.