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 October 2023

At the same time last year, Seeley Lake-Blackfoot Valley was a Seller'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

$560,000

$329/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,750(+7.0%)

Key Takeaway

Homes in Seeley Lake-Blackfoot Valley have sold for 7% more than they did a year ago.

Summary: The median home sold price in Seeley Lake-Blackfoot Valley was $560,000 in October 2024, up 7% from last year, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $485K$435K
-10.3%
2 $488.7K$494.9K
+1.3%
3 $525K$584.5K
+11.3%
4 $757.4K$560K
-26.1%
5+ $672.5K$3.5M
+431.6%

Summary: Seeley Lake-Blackfoot Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 431.6%.

Median Sold Price Compared To Nearby Cities

Seeley Lake-Blackfoot Valley
+7.0%
Seeley Lake
-3.1%

Housing Supply in Seeley Lake-Blackfoot Valley, MT

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5655-1.8%

Summary: The Seeley Lake-Blackfoot Valley real estate market had 55 homes for sale in October 2024, a 1.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1818
0.0%
3 2724
-11.1%
4 34
+33.3%
5+ 67
+16.7%

Summary: The Seeley Lake-Blackfoot Valley 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 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 2 homes were sold or pending in Seeley Lake-Blackfoot Valley in October 2024, down by 60.0% month-over-month. Of the 2 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

Oct 2023Oct 2024CHANGE
95 Days38 Days-60.0%

Summary: Homes in Seeley Lake-Blackfoot Valley had an average of 38 days on market in Oct 2024, down by 60% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Seeley Lake-Blackfoot Valley are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Seeley Lake-Blackfoot Valley; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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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