Is Flathead Reservation, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Flathead Reservation has remained a Buyer's Market.
Housing Prices in Flathead Reservation, MT
How much do homes in Flathead Reservation, MT cost?
Median Sold Price
$525,000
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Flathead Reservation was $525,000 in April 2024, up 10.2% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.5K | $310K | +18.1% |
2 Bedrooms | $306.5K | $384K | +25.3% |
3 Bedrooms | $450K | $512K | +13.8% |
4 Bedrooms | $747K | $740K | -0.9% |
5+ Bedrooms | $768.5K | $620K | -19.3% |
Summary: Flathead Reservation housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.1%, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 19.3%.
Median Sold Price Compared To Nearby Cities
Ronan | $294.7K | $425K | +44.2% |
Flathead Reservation | $476.3K | $525K | +10.2% |
Polson | $515K | $523.7K | +1.7% |
Housing Supply in Flathead Reservation, MT
How many homes are available in Flathead Reservation, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 143 | +21.2% |
Summary: The Flathead Reservation real estate market had 143 homes for sale in April 2024, a 21.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 24 | 25 | +4.2% |
3 Bedrooms | 46 | 59 | +28.3% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 19 | 19 | 0.0% |
Summary: The Flathead Reservation housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 28.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 15 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Flathead Reservation in April 2024, up by 25.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 47% were sold at asking, and 20% were sold over asking.
Days on Market for Flathead Reservation, MT
How long does it take to sell a home in Flathead Reservation, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 92 Days | +23.9% |
Summary: Homes in Flathead Reservation had an average of 92 days on market in Apr 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Flathead Reservation; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.