$3,551 Closing Credit*
$299,000
1,078 SqFt
2 Beds
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 October 2023
At the same time last year, Thompson Falls was a Buyer's Market.
Key Takeaway
Thompson Falls is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thompson Falls, MT
How much do homes in Thompson Falls, MT cost?
Median Sold Price
$440,000
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$73,500(+20.1%)
Key Takeaway
Homes in Thompson Falls have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in Thompson Falls was $440,000 in October 2024, up 20.1% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $287.5K | +95.6% |
| 2 Bedrooms | $450K | $264.5K | -41.2% |
| 3 Bedrooms | $350K | $477.5K | +36.4% |
| 4 Bedrooms | $400K | $290K | -27.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Thompson Falls housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.6%, 2 bedroom homes decreased by 41.2%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 27.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thompson Falls | $366.5K | $440K | +20.1% |
| Thompson Falls-West End | $459K | $480K | +4.6% |
Housing Supply in Thompson Falls, MT
How many homes are available in Thompson Falls, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Thompson Falls real estate market had 22 homes for sale in October 2024, a 12.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Thompson Falls housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 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 4 homes were sold or pending in Thompson Falls in October 2024, down by 33.3% month-over-month. Of the 4 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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 114 Days | +77.1% |
Summary: Homes in Thompson Falls had an average of 114 days on market in Oct 2024, up by 77.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Thompson Falls has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Thompson Falls; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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.