$245,000
26.00 Acres
Land
Kelly Parks, Listing Office: Paris Gibson Realty
Is Sun River Valley, 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, Sun River Valley was a Seller's Market.
Key Takeaway
Sun River Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sun River Valley, MT
How much do homes in Sun River Valley, MT cost?
Median Sold Price
$485,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$147,750(+43.7%)
Key Takeaway
Homes in Sun River Valley have sold for 43.7% more than they did a year ago.
Summary: The median home sold price in Sun River Valley was $485,500 in October 2024, up 43.7% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $1.1M | +360.0% |
| 2 Bedrooms | $107K | $172K | +60.7% |
| 3 Bedrooms | $414.5K | $269.5K | -35.0% |
| 4 Bedrooms | $348K | $572.5K | +64.5% |
| 5+ Bedrooms | $420K | $895K | +113.1% |
Summary: Sun River Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 360%, 2 bedroom homes increased by 60.7%, 3 bedroom homes decreased by 35%, 4 bedroom homes increased by 64.5%, and 5+ bedroom homes increased by 113.1%.
Housing Supply in Sun River Valley, MT
How many homes are available in Sun River Valley, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Sun River Valley real estate market had 12 homes for sale in October 2024, a 20.0% 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 | 0 | -100.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Sun River 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 decreased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sun River Valley, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Sun River Valley in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sun River Valley, MT
How long does it take to sell a home in Sun River Valley, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 18 Days | -57.1% |
Summary: Homes in Sun River Valley had an average of 18 days on market in Oct 2024, down by 57.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sun River Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Sun River Valley; 100% of homes were sold within 30 days, 0% 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.