Is Townsend West, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Townsend West is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Townsend West was a Seller's Market.

Key Takeaway

Townsend West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Townsend West, MT

How much do homes in Townsend West, MT cost?

Median Sold Price

$660,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$93,000(+16.4%)

Key Takeaway

Homes in Townsend West have sold for 16.4% more than they did a year ago.

Summary: The median home sold price in Townsend West was $660,000 in December 2024, up 16.4% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $174.9K$378.9K
+116.6%
2 $390K$289.3K
-25.8%
3 $547.5K$614.5K
+12.2%
4 $710K$717K
+1.0%
5+ $726K$716K
-1.4%

Summary: Townsend West housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 116.6%, 2 bedroom homes decreased by 25.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1.4%.

Housing Supply in Townsend West, MT

How many homes are available in Townsend West, MT?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3233+3.1%

Summary: The Townsend West real estate market had 33 homes for sale in December 2024, a 3.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 1518
+20.0%
4 1112
+9.1%
5+ 32
-33.3%

Summary: The Townsend West housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Townsend West, 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 Townsend West in December 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 Townsend West, MT

How long does it take to sell a home in Townsend West, MT?

Average Sale Time

Dec 2023Dec 2024CHANGE
153 Days220 Days+43.2%

Summary: Homes in Townsend West had an average of 220 days on market in Dec 2024, up by 43.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Townsend West are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 2 homes were sold in Townsend West; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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