Is Lolo, 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, Lolo has remained a Seller's Market.
Housing Prices in Lolo, MT
How much do homes in Lolo, MT cost?
Median Sold Price
$596,500
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lolo was $596,500 in April 2024, up 8.9% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $434.5K | - | N/A |
2 Bedrooms | $430K | $556K | +29.3% |
3 Bedrooms | $525K | $563K | +7.2% |
4 Bedrooms | $620K | $596.5K | -3.8% |
5+ Bedrooms | $725K | $840K | +15.9% |
Summary: Lolo 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 29.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
Lolo | $547.5K | $596.5K | +8.9% |
Alberton | $473.5K | $498K | +5.2% |
Missoula | $544.8K | $562.8K | +3.3% |
Florence | $654.9K | $644.5K | -1.6% |
Frenchtown-Wye | $665.5K | $610K | -8.3% |
Housing Supply in Lolo, MT
How many homes are available in Lolo, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 51 | +13.3% |
Summary: The Lolo real estate market had 51 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Lolo 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 200%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lolo in April 2024, up by 11.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Lolo, MT
How long does it take to sell a home in Lolo, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
100 Days | 88 Days | -12.3% |
Summary: Homes in Lolo had an average of 88 days on market in Apr 2024, down by 12.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Lolo; 10% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.