Is Trego, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Trego is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Trego was a Neutral Market.

Key Takeaway

Trego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Trego, MT

How much do homes in Trego, MT cost?

Median Sold Price

$665,000

$254/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,835,000(-73.4%)

Key Takeaway

Homes in Trego have sold for 73.4% less than they did a month ago.

Summary: The median home sold price in Trego was $665,000 in October 2024, down 73.4% from last month, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$665K
N/A
2 --
N/A
3 --
N/A
4 -$682K
N/A
5+ $2.5M-
N/A

Summary: Trego housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Trego, MT

How many homes are available in Trego, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
65-16.7%

Summary: The Trego real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 00
0.0%
4 33
0.0%
5+ 10
-100.0%

Summary: The Trego housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Trego, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Trego in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Trego, MT

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

Average Sale Time

Sep 2024Oct 2024CHANGE
134 Days122 Days-8.5%

Summary: Homes in Trego had an average of 122 days on market in Oct 2024, down by 8.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Trego; 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 14 Days Ago

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