Single-Family Homes
Tue Nov 19 2024
This week the median list price for Columbia Falls, MT is $983,750 with the market action index hovering around 34. This is an increase over last month's market action index of 32. Inventory has decreased to 78.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Median List Price | $983,750 | |
Median Price of New Listings | $839,000 | |
Per Square Foot | $414 | |
Average Days on Market | 140 | |
Median Days on Market | 112 | |
Price Decreased | 47% | |
Price Increased | 3% | |
Relisted | 8% | |
Inventory | 78 | |
Median Rent | ||
Market Action | 34 | |
Slight Seller's Advantage |
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$2,295,000 | 3,033 | 10 - 20 acres | 4 | 3 | 21 | 2 | 1 | 154 |
$1,249,000 | 2,844 | 2.5 - 5 acres | 4 | 3 | 17 | 0 | 2 | 63 |
$830,000 | 2,258 | 2.5 - 5 acres | 4 | 2 | 25 | 4 | 3 | 108 |
$498,500 | 1,810 | 1 - 2.5 acres | 3 | 2 | 44 | 2 | 3 | 80 |