Tina Daugherty
Heron, MT 59844
Single-Family Homes
Broker
Heron, MT 59844
Wed Jan 22 2025
This week the median list price for Heron, MT 59844 is $950,000 with the market action index hovering around 20. This is less than last month's market action index of 23. Inventory has increased to 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $950,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $423 | |
| Average Days on Market | 90 | |
| Median Days on Market | 98 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 20 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,350,000 | 4,269 | 5 - 10 acres | 4 | 3.5 | 11 | 0 | 0 | 147 |
| $1,072,500 | 1,886 | 10 - 20 acres | 3 | 2 | 44 | 0 | 0 | 84 |
| $857,450 | 2,418 | N/A | 2 | 1.3 | 27 | 0 | 0 | 147 |
| $372,000 | 1,522 | 10 - 20 acres | 2 | 1.3 | 32 | 0 | 0 | 10 |