$8,182 Closing Credit*
$689,000
1,680 SqFt
3 Beds
•2 Full Baths
Shayna Leigh Rupp, Listing Office: Double Black Diamond Real Estate
Is Ravalli County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ravalli County was a Seller's Market.
Key Takeaway
Ravalli County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ravalli County, MT
How much do homes in Ravalli County, MT cost?
Median Sold Price
$582,100
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$3,448(+0.6%)
Key Takeaway
Homes in Ravalli County have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Ravalli County was $582,100 in October 2024, up 0.6% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382K | $424.5K | +11.1% |
| 2 Bedrooms | $419K | $399.9K | -4.5% |
| 3 Bedrooms | $578K | $576.4K | -0.3% |
| 4 Bedrooms | $769K | $710K | -7.7% |
| 5+ Bedrooms | $915K | $900K | -1.6% |
Summary: Ravalli County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Deer Lodge County | $263.5K | $292K | +10.8% |
| Missoula County | $537.6K | $559.4K | +4.0% |
| Beaverhead County | $361.7K | $375.6K | +3.8% |
| Ravalli County | $578.6K | $582.1K | +0.6% |
| Granite County | $453.7K | $435K | -4.1% |
Housing Supply in Ravalli County, MT
How many homes are available in Ravalli County, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 337 | 330 | -2.1% |
Summary: The Ravalli County real estate market had 330 homes for sale in October 2024, a 2.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 15 | +15.4% |
| 2 Bedrooms | 59 | 58 | -1.7% |
| 3 Bedrooms | 179 | 173 | -3.4% |
| 4 Bedrooms | 58 | 56 | -3.4% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Ravalli County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 49 | -16.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 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. 63.3% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Ravalli County in October 2024, down by 16.9% month-over-month. Of the 49 sold homes, 63% were sold under asking, 24% were sold at asking, and 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 88 Days | -2.7% |
Summary: Homes in Ravalli County had an average of 88 days on market in Oct 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ravalli County has remained consistent over time.
Summary: During October 2024, 49 homes were sold in Ravalli County; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% 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.