Is Frenchtown-Wye, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Frenchtown-Wye has remained a Seller's Market.
Housing Prices in Frenchtown-Wye, MT
How much do homes in Frenchtown-Wye, MT cost?
Median Sold Price
$610,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Frenchtown-Wye was $610,000 in May 2024, down 3.2% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $527K | - | N/A |
2 Bedrooms | $595K | $540K | -9.2% |
3 Bedrooms | $562.5K | $565K | 0.4% |
4 Bedrooms | $697.5K | $669.8K | -4.0% |
5+ Bedrooms | $701.5K | $786K | +12.0% |
Summary: Frenchtown-Wye housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.2%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 12%.
Housing Supply in Frenchtown-Wye, MT
How many homes are available in Frenchtown-Wye, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 39 | +18.2% |
Summary: The Frenchtown-Wye real estate market had 39 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Frenchtown-Wye housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Frenchtown-Wye in May 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.
Days on Market for Frenchtown-Wye, MT
How long does it take to sell a home in Frenchtown-Wye, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
127 Days | 102 Days | -19.6% |
Summary: Homes in Frenchtown-Wye had an average of 102 days on market in May 2024, down by 19.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Frenchtown-Wye; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.