Tina Daugherty
Heron, MT 59844
Single-Family Homes
Broker
Heron, MT 59844
Sun Sep 15 2024
This week the median list price for Heron, MT 59844 is $957,450 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has increased to 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $957,450 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $383 | |
| Average Days on Market | 125 | |
| Median Days on Market | 105 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 8 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,675,000 | 4,330 | N/A | 4 | 3.5 | 24 | 0 | 0 | 217 |
| $1,250,000 | 3,445 | 5 - 10 acres | 3 | 3.3 | 13 | 0 | 0 | 14 |
| $657,450 | 1,926 | 10 - 20 acres | 2 | 1 | 29 | 0 | 0 | 105 |
| $397,500 | 953 | 10 - 20 acres | 1 | 1.3 | 14 | 0 | 0 | 164 |