Is Seeley Lake-Blackfoot Valley, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seeley Lake-Blackfoot Valley is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Seeley Lake-Blackfoot Valley has remained a Buyer's Market.

Key Takeaway

Seeley Lake-Blackfoot Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Seeley Lake-Blackfoot Valley, MT

How much do homes in Seeley Lake-Blackfoot Valley, MT cost?

Median Sold Price

$579,000

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$68,250(+13.4%)

Key Takeaway

Homes in Seeley Lake-Blackfoot Valley have sold for 13.4% more than they did a year ago.

Summary: The median home sold price in Seeley Lake-Blackfoot Valley was $579,000 in November 2024, up 13.4% from last year, and the median price per square foot was $330.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $485K$435K
-10.3%
2 $490K$585K
+19.4%
3 $525K$584.5K
+11.3%
4 $764.8K$560K
-26.8%
5+ $672.5K$3.5M
+431.6%

Summary: Seeley Lake-Blackfoot Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes increased by 431.6%.

Housing Supply in Seeley Lake-Blackfoot Valley, MT

How many homes are available in Seeley Lake-Blackfoot Valley, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
50500.0%

Summary: The Seeley Lake-Blackfoot Valley real estate market had 50 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1616
0.0%
3 2322
-4.3%
4 44
0.0%
5+ 66
0.0%

Summary: The Seeley Lake-Blackfoot Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seeley Lake-Blackfoot Valley, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Seeley Lake-Blackfoot Valley in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Seeley Lake-Blackfoot Valley, MT

How long does it take to sell a home in Seeley Lake-Blackfoot Valley, MT?

Average Sale Time

Nov 2023Nov 2024CHANGE
80 Days72 Days-10.4%

Summary: Homes in Seeley Lake-Blackfoot Valley had an average of 72 days on market in Nov 2024, down by 10.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Seeley Lake-Blackfoot Valley are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in Seeley Lake-Blackfoot Valley; 25% of homes were sold within 30 days, 25% 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 17 Days Ago

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