$349,000
31.93 Acres
Land
Kristie Heinemann, Listing Office: Montana Life Real Estate
Is Townsend, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Townsend was a Seller's Market.
Key Takeaway
Townsend is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Townsend, MT
How much do homes in Townsend, MT cost?
Median Sold Price
$418,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,000(+7.5%)
Key Takeaway
Homes in Townsend have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Townsend was $418,000 in November 2024, up 7.5% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $230K | -23.1% |
| 2 Bedrooms | $322.5K | $305K | -5.4% |
| 3 Bedrooms | $389K | $444K | +14.1% |
| 4 Bedrooms | $417.5K | $575K | +37.7% |
| 5+ Bedrooms | $522K | $775K | +48.5% |
Summary: Townsend housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 37.7%, and 5+ bedroom homes increased by 48.5%.
Median Sold Price Compared To Nearby Cities
| Townsend West | $569K | $640K | +12.5% |
| Townsend | $389K | $418K | +7.5% |
| Townsend East | $381K | $375K | -1.6% |
Housing Supply in Townsend, MT
How many homes are available in Townsend, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The Townsend real estate market had 39 homes for sale in November 2024, a 11.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Townsend 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 19%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 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 Townsend, 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 Townsend in November 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 Townsend, MT
How long does it take to sell a home in Townsend, MT?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 43 Days | -49.4% |
Summary: Homes in Townsend had an average of 43 days on market in Nov 2024, down by 49.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Townsend has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Townsend; 0% of homes were sold within 30 days, 100% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.