$6,353 Closing Credit*
$535,000
1,387 SqFt
2 Beds
•2 Full Baths
Duane Meuchel, Listing Office: Elliott Realty
Is Trout Creek, 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, Trout Creek was a Neutral Market.
Key Takeaway
Trout Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Trout Creek, MT
How much do homes in Trout Creek, MT cost?
Median Sold Price
$542,500
$316/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$90,000(-14.2%)
Key Takeaway
Homes in Trout Creek have sold for 14.2% less than they did a year ago.
Summary: The median home sold price in Trout Creek was $542,500 in October 2024, down 14.2% from last year, and the median price per square foot was $316.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $375K | $270K | -28.0% |
| 2 Bedrooms | $703.7K | $459.5K | -34.7% |
| 3 Bedrooms | $670K | $542.5K | -19.0% |
| 4 Bedrooms | $400K | $1.6M | +309.4% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Trout Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28%, 2 bedroom homes decreased by 34.7%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 309.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Thompson Falls-West End | $459K | $480K | +4.6% |
| Trout Creek | $632.5K | $542.5K | -14.2% |
Housing Supply in Trout Creek, MT
How many homes are available in Trout Creek, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Trout Creek real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 8 | 7 | -12.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Trout Creek 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 decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 Trout Creek, 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 Trout Creek in October 2024, up by 100.0% 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 Trout Creek, MT
How long does it take to sell a home in Trout Creek, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 163 Days | 139 Days | -14.7% |
Summary: Homes in Trout Creek had an average of 139 days on market in Oct 2024, down by 14.7% 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
Key Takeaway
Most homes in Trout Creek are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in Trout Creek; 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.
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.