Is Corvallis, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Corvallis was a Seller's Market.
Housing Prices in Corvallis, MT
How much do homes in Corvallis, MT cost?
Median Sold Price
$695,950
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Corvallis was $695,950 in April 2024, up 1.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300.5K | $495.6K | +64.9% |
3 Bedrooms | $622.5K | $625K | 0.4% |
4 Bedrooms | $1.0M | $928.4K | -7.2% |
5+ Bedrooms | $1.1M | $1.0M | -9.4% |
Summary: Corvallis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 64.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
Victor | $650K | $679K | +4.5% |
Corvallis | $685K | $695.9K | +1.6% |
Hamilton | $524.9K | $510.9K | -2.7% |
Housing Supply in Corvallis, MT
How many homes are available in Corvallis, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 39 | +21.9% |
Summary: The Corvallis real estate market had 39 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 17 | 25 | +47.1% |
4 Bedrooms | 7 | 5 | -28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Corvallis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 47.1%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Corvallis in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Corvallis, MT
How long does it take to sell a home in Corvallis, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 104 Days | +41.2% |
Summary: Homes in Corvallis had an average of 104 days on market in Apr 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Corvallis; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.