$5,926 Closing Credit*
$499,000
2,132 SqFt
3 Beds
•2 Full Baths
Robert LaBrie, Listing Office: Premier Group LLC
Is River Road, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, River Road has remained a Seller's Market.
Key Takeaway
River Road is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in River Road, MT
How much do homes in River Road, MT cost?
Median Sold Price
$457,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$16,500(+3.7%)
Key Takeaway
Homes in River Road have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in River Road was $457,000 in October 2024, up 3.7% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | - | N/A |
| 2 Bedrooms | $379.5K | $425K | +12.0% |
| 3 Bedrooms | $462.7K | $422.5K | -8.7% |
| 4 Bedrooms | $531K | $520K | -2.1% |
| 5+ Bedrooms | $915K | $812K | -11.3% |
Summary: River Road housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Neighborhoods
| River Road | $440.5K | $457K | +3.7% |
| Captain John Mullan | $520K | $537.2K | +3.3% |
| Franklin to the Fort | $418.7K | $415.5K | -0.8% |
Housing Supply in River Road, MT
How many homes are available in River Road, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Summary: The River Road real estate market had 18 homes for sale in October 2024, a 28.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The River Road housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
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 River Road, 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 River Road in October 2024, up by 300.0% month-over-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 River Road, MT
How long does it take to sell a home in River Road, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 70 Days | +48.1% |
Summary: Homes in River Road had an average of 70 days on market in Oct 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in River Road has remained consistent over time.
Summary: During October 2024, 4 homes were sold in River Road; 0% of homes were sold within 30 days, 75% 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.