Is Libby, 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, Libby was a Neutral Market.
Housing Prices in Libby, MT
How much do homes in Libby, MT cost?
Median Sold Price
$335,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Libby was $335,000 in April 2024, up 9.8% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $195K | $80K | -59.0% |
2 Bedrooms | $245.5K | $280K | +14.1% |
3 Bedrooms | $330K | $386K | +17.0% |
4 Bedrooms | $356.5K | $351.7K | -1.3% |
5+ Bedrooms | $370K | $236.1K | -36.2% |
Summary: Libby housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 36.2%.
Housing Supply in Libby, MT
How many homes are available in Libby, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 69 | +13.1% |
Summary: The Libby real estate market had 69 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 14 | 15 | +7.1% |
3 Bedrooms | 27 | 29 | +7.4% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Libby housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Libby in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Libby, MT
How long does it take to sell a home in Libby, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
249 Days | 104 Days | -58.1% |
Summary: Homes in Libby had an average of 104 days on market in Apr 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Libby; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.