Is Missoula, 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, Missoula has remained a Seller's Market.
Housing Prices in Missoula, MT
How much do homes in Missoula, MT cost?
Median Sold Price
$562,800
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Missoula was $562,800 in April 2024, up 3.3% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $282K | -1.1% |
2 Bedrooms | $387.9K | $400K | +3.1% |
3 Bedrooms | $530.3K | $550.8K | +3.9% |
4 Bedrooms | $624.9K | $680K | +8.8% |
5+ Bedrooms | $728.7K | $760K | +4.3% |
Summary: Missoula housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
Lolo | $547.5K | $596.5K | +8.9% |
Missoula | $544.8K | $562.8K | +3.3% |
Frenchtown-Wye | $665.5K | $610K | -8.3% |
Housing Supply in Missoula, MT
How many homes are available in Missoula, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
269 | 325 | +20.8% |
Summary: The Missoula real estate market had 325 homes for sale in April 2024, a 20.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 53 | 65 | +22.6% |
3 Bedrooms | 106 | 128 | +20.8% |
4 Bedrooms | 60 | 77 | +28.3% |
5+ Bedrooms | 43 | 47 | +9.3% |
Summary: The Missoula housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 63 | +6.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Missoula in April 2024, up by 6.8% month-over-month. Of the 63 sold homes, 44% were sold under asking, 32% were sold at asking, and 24% were sold over asking.
Days on Market for Missoula, MT
How long does it take to sell a home in Missoula, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 84 Days | +2.1% |
Summary: Homes in Missoula had an average of 84 days on market in Apr 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 63 homes were sold in Missoula; 30% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.