$275,000
1.02 Acres
Land
Tina M Daugherty, Listing Office: Realty Northwest
Is Thompson Falls, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Thompson Falls was a Seller's Market.
Key Takeaway
Thompson Falls is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Thompson Falls, MT
How much do homes in Thompson Falls, MT cost?
Median Sold Price
$173,250
$109/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$109,250(-38.7%)
Key Takeaway
Homes in Thompson Falls have sold for 38.7% less than they did a month ago.
Summary: The median home sold price in Thompson Falls was $173,250 in November 2024, down 38.7% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212.5K | $140K | -34.1% |
| 3 Bedrooms | $315K | - | N/A |
| 4 Bedrooms | - | $206.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Thompson Falls 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 decreased by 34.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Thompson Falls, MT
How many homes are available in Thompson Falls, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The Thompson Falls real estate market had 20 homes for sale in November 2024, a 11.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Thompson Falls 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
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 Thompson Falls, 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 Thompson Falls in November 2024, down by 50.0% 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 Thompson Falls, MT
How long does it take to sell a home in Thompson Falls, MT?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 114 Days | 49 Days | -57.1% |
Summary: Homes in Thompson Falls had an average of 49 days on market in Nov 2024, down by 57.1% 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 Thompson Falls are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Thompson Falls; 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.