$1,484 Closing Credit*
$125,000
1,106 SqFt
2 Beds
•1 Full Bath
Craig Isenberg, Listing Office: Home Sweet Home Realty Group LLC
Is Shelby, 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, Shelby was a Buyer's Market.
Key Takeaway
Shelby is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shelby, MT
How much do homes in Shelby, MT cost?
Median Sold Price
$196,567
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$51,567(+35.6%)
Key Takeaway
Homes in Shelby have sold for 35.6% more than they did a year ago.
Summary: The median home sold price in Shelby was $196,567 in October 2024, up 35.6% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $70K | $72.5K | +3.6% |
| 2 Bedrooms | $75K | $85K | +13.3% |
| 3 Bedrooms | $156.5K | $192K | +22.7% |
| 4 Bedrooms | $192K | $238K | +24.0% |
| 5+ Bedrooms | $225K | $265K | +17.8% |
Summary: Shelby housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in Shelby, MT
How many homes are available in Shelby, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Shelby real estate market had 10 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Shelby housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Shelby in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for Shelby, MT
How long does it take to sell a home in Shelby, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 264 Days | 127 Days | -51.8% |
Summary: Homes in Shelby had an average of 127 days on market in Oct 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Shelby are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Shelby; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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.