Is 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, Somers was a Seller's Market.
Housing Prices in Somers, MT
How much do homes in Somers, MT cost?
Median Sold Price
$675,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Somers was $675,000 in May 2024, down 8.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $650K | $250K | -61.5% |
3 Bedrooms | $660K | $667.5K | +1.1% |
4 Bedrooms | $850K | $700K | -17.6% |
5+ Bedrooms | $932.5K | $675K | -27.6% |
Summary: 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 61.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
Lakeside | $765K | $775K | +1.3% |
Bigfork | $747.4K | $738.5K | -1.2% |
Lakeside-Somers | $786.5K | $775K | -1.5% |
Creston-Bigfork | $739.7K | $720K | -2.7% |
Somers | $740K | $675K | -8.8% |
Housing Supply in Somers, MT
How many homes are available in Somers, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 14 | +27.3% |
Summary: The Somers real estate market had 14 homes for sale in May 2024, a 27.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 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 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Somers in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Somers, MT
How long does it take to sell a home in Somers, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 25 Days | -60.6% |
Summary: Homes in Somers had an average of 25 days on market in May 2024, down by 60.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Somers; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.