Tina Daugherty
Noxon, MT 59853
Single-Family Homes
Broker
Noxon, MT 59853
Sun Sep 15 2024
This week the median list price for Noxon, MT 59853 is $689,500 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has held steady at or around 14.
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 been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.
Real-Time Market Profile
| Median List Price | $689,500 | |
| Median Price of New Listings | $1,699,000 | |
| Per Square Foot | $358 | |
| Average Days on Market | 154 | |
| Median Days on Market | 105 | |
| Price Decreased | 43% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 14 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,699,000 | 2,722 | N/A | 3 | 2 | 30 | 1 | 0 | 35 |
| $950,000 | 2,687 | 1 - 2.5 acres | 3 | 2 | 16 | 0 | 0 | 427 |
| $609,500 | 1,963 | 5 - 10 acres | 3 | 2 | 31 | 0 | 0 | 115 |
| $327,500 | 1,092 | 0.5 - 1 acre | 2 | 1 | 2 | 0 | 1 | 66 |