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. Click here to stay informed with the Noxon market!

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.

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. Click here to stay informed with the Noxon market!

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

Never miss important changes in the Noxon market.
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