$1,425 Closing Credit*
$120,000
1,790 SqFt
4 Beds
•1 Full Bath, 1 Partial
Jared Andrew English, Listing Office: Congress Realty
Is Shelby, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Shelby has remained a Seller'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
$197,500
$100/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$3,635(-1.8%)
Key Takeaway
Homes in Shelby have sold for 1.8% less than they did a month ago.
Summary: The median home sold price in Shelby was $197,500 in November 2024, down 1.8% from last month, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $85K | $120K | +41.2% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $201.1K | - | N/A |
| 5+ Bedrooms | $250K | $275K | +10.0% |
Summary: Shelby housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 10%.
Housing Supply in Shelby, MT
How many homes are available in Shelby, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Summary: The Shelby real estate market had 10 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Shelby housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shelby, 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 Shelby in November 2024, down by 33.3% 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 Shelby, MT
How long does it take to sell a home in Shelby, MT?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 127 Days | 30 Days | -76.4% |
Summary: Homes in Shelby had an average of 30 days on market in Nov 2024, down by 76.4% compared to last month.
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
Key Takeaway
Many homes in Shelby are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Shelby; 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.
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.