Is Thompson Falls-West End, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Thompson Falls-West End has remained a Buyer's Market.
Key Takeaway
Thompson Falls-West End is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Thompson Falls-West End, MT
How much do homes in Thompson Falls-West End, MT cost?
Median Sold Price
$512,000
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Thompson Falls-West End have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Thompson Falls-West End was $512,000 in May 2024, up 5.6% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $382K | $375K | -1.8% |
| 2 Bedrooms | $382.5K | $480K | +25.5% |
| 3 Bedrooms | $592.5K | $567.5K | -4.2% |
| 4 Bedrooms | $596K | $467.5K | -21.6% |
| 5+ Bedrooms | $890K | $1.0M | +21.3% |
Summary: Thompson Falls-West End housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 21.6%, and 5+ bedroom homes increased by 21.3%.
Housing Supply in Thompson Falls-West End, MT
How many homes are available in Thompson Falls-West End, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 62 | +24.0% |
Summary: The Thompson Falls-West End real estate market had 62 homes for sale in May 2024, a 24.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 11 | 16 | +45.5% |
| 3 Bedrooms | 19 | 22 | +15.8% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Thompson Falls-West End housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson Falls-West End, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Thompson Falls-West End in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Thompson Falls-West End, MT
How long does it take to sell a home in Thompson Falls-West End, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 285 Days | 133 Days | -53.2% |
Summary: Homes in Thompson Falls-West End had an average of 133 days on market in May 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Thompson Falls-West End has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Thompson Falls-West End; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.