Is Lakeside-Somers, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lakeside-Somers was a Seller's Market.
Housing Prices in Lakeside-Somers, MT
How much do homes in Lakeside-Somers, MT cost?
Median Sold Price
$775,000
$344/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lakeside-Somers was $775,000 in May 2024, down 1.5% from last year, and the median price per square foot was $344.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $710K | $428K | -39.7% |
3 Bedrooms | $600K | $775K | +29.2% |
4 Bedrooms | $895K | $752K | -16.0% |
5+ Bedrooms | $857.5K | $1.1M | +39.1% |
Summary: Lakeside-Somers housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.7%, 3 bedroom homes increased by 29.2%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 39.1%.
Housing Supply in Lakeside-Somers, MT
How many homes are available in Lakeside-Somers, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 71 | +12.7% |
Summary: The Lakeside-Somers real estate market had 71 homes for sale in May 2024, a 12.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 26 | 32 | +23.1% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Lakeside-Somers housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lakeside-Somers in May 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Lakeside-Somers, MT
How long does it take to sell a home in Lakeside-Somers, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
101 Days | 48 Days | -52.4% |
Summary: Homes in Lakeside-Somers had an average of 48 days on market in May 2024, down by 52.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Lakeside-Somers; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.