Tina Daugherty

Thompson Falls, MT 59873

Single-Family Homes

Broker


Thompson Falls, MT 59873

Sat Dec 21 2024
This week the median list price for Thompson Falls, MT 59873 is $547,500 with the market action index hovering around 30. This is less than last month's market action index of 35. Inventory has decreased to 15. Click here to stay informed with the Thompson Falls market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Thompson Falls, MT 59873

Sat Dec 21 2024
This week the median list price for Thompson Falls, MT 59873 is $547,500 with the market action index hovering around 30. This is less than last month's market action index of 35. Inventory has decreased to 15. Click here to stay informed with the Thompson Falls market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Thompson Falls market.
Median List Price $547,500
Median Price of New Listings $360,000
Per Square Foot $267
Average Days on Market 311
Median Days on Market 189
Price Decreased 47%
Price Increased 0%
Relisted 13%
Inventory 15
Median Rent
Market Action 30
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.

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
$1,200,000 2,296 N/A 1 1.8 43 0 0 21
$712,000 2,609 1 - 2.5 acres 3 2.4 37 0 0 567
$444,500 1,651 0.25 - 0.5 acre 3 2 9 0 0 178
$329,500 1,139 0.25 - 0.5 acre 2 1.5 99 1 1 171