$3,551 Closing Credit*
$299,000
1,078 SqFt
2 Beds
Tina M Daugherty, Listing Office: Realty Northwest
Is Thompson Falls-West End, 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-West End was a Buyer's Market.
Key Takeaway
Thompson Falls-West End is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Thompson Falls-West End, MT
How much do homes in Thompson Falls-West End, MT cost?
Median Sold Price
$480,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,000(+4.6%)
Key Takeaway
Homes in Thompson Falls-West End have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Thompson Falls-West End was $480,000 in October 2024, up 4.6% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365K | $355K | -2.7% |
| 2 Bedrooms | $495K | $439K | -11.3% |
| 3 Bedrooms | $434K | $510K | +17.5% |
| 4 Bedrooms | $400K | $365K | -8.8% |
| 5+ Bedrooms | $710K | $1.7M | +143.0% |
Summary: Thompson Falls-West End housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 143%.
Median Sold Price Compared To Nearby Cities
| Thompson Falls | $366.5K | $440K | +20.1% |
| Thompson Falls-West End | $459K | $480K | +4.6% |
| Trout Creek | $632.5K | $542.5K | -14.2% |
Housing Supply in Thompson Falls-West End, MT
How many homes are available in Thompson Falls-West End, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 59 | -3.3% |
Summary: The Thompson Falls-West End real estate market had 59 homes for sale in October 2024, a 3.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 25 | 25 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Thompson Falls-West End housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson Falls-West End, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Thompson Falls-West End in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Thompson Falls-West End, MT
How long does it take to sell a home in Thompson Falls-West End, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 108 Days | 138 Days | +27.5% |
Summary: Homes in Thompson Falls-West End had an average of 138 days on market in Oct 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Thompson Falls-West End are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 9 homes were sold in Thompson Falls-West End; 11% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 56% 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.