Is Kalispell Northwest, 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, Kalispell Northwest was a Seller's Market.
Key Takeaway
Kalispell Northwest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kalispell Northwest, MT
How much do homes in Kalispell Northwest, MT cost?
Median Sold Price
$750,000
$369/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kalispell Northwest have sold for 16.3% less than they did a year ago.
Summary: The median home sold price in Kalispell Northwest was $750,000 in May 2024, down 16.3% from last year, and the median price per square foot was $369.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.4M | $735K | -51.0% |
| 2 Bedrooms | $900K | $687.7K | -23.6% |
| 3 Bedrooms | $661K | $818K | +23.8% |
| 4 Bedrooms | $1.1M | $745K | -36.3% |
| 5+ Bedrooms | $1.4M | $876.5K | -40.6% |
Summary: Kalispell Northwest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51%, 2 bedroom homes decreased by 23.6%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 36.3%, and 5+ bedroom homes decreased by 40.6%.
Median Sold Price Compared To Nearby Cities
| Kila | $580K | $720K | +24.1% |
| Kalispell Southwest | $603.5K | $682.5K | +13.1% |
| Marion | $603.5K | $680K | +12.7% |
| Kalispell Northwest | $896K | $750K | -16.3% |
Housing Supply in Kalispell Northwest, MT
How many homes are available in Kalispell Northwest, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 43 | +53.6% |
Summary: The Kalispell Northwest real estate market had 43 homes for sale in May 2024, a 53.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 1 | 5 | +400.0% |
| 3 Bedrooms | 12 | 18 | +50.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Kalispell Northwest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalispell Northwest, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Kalispell Northwest in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Kalispell Northwest, MT
How long does it take to sell a home in Kalispell Northwest, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 198 Days | 218 Days | +10.3% |
Summary: Homes in Kalispell Northwest had an average of 218 days on market in May 2024, up by 10.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Kalispell Northwest are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 7 homes were sold in Kalispell Northwest; 0% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 71% 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.