Is Kalispell Southwest, 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 Southwest was a Seller's Market.
Housing Prices in Kalispell Southwest, MT
How much do homes in Kalispell Southwest, MT cost?
Median Sold Price
$682,500
$387/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kalispell Southwest was $682,500 in May 2024, up 13.1% from last year, and the median price per square foot was $387.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $675K | +285.7% |
2 Bedrooms | $535K | $715K | +33.6% |
3 Bedrooms | $610K | $750K | +23.0% |
4 Bedrooms | $712.4K | $624.5K | -12.3% |
5+ Bedrooms | $1.1M | $535K | -53.3% |
Summary: Kalispell Southwest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 285.7%, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 23%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 53.3%.
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% |
Lakeside-Somers | $786.5K | $775K | -1.5% |
Kalispell Northwest | $896K | $750K | -16.3% |
Housing Supply in Kalispell Southwest, MT
How many homes are available in Kalispell Southwest, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 35 | +45.8% |
Summary: The Kalispell Southwest real estate market had 35 homes for sale in May 2024, a 45.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 5 | +150.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Kalispell Southwest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, 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
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Kalispell Southwest in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Kalispell Southwest, MT
How long does it take to sell a home in Kalispell Southwest, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 52 Days | -6.3% |
Summary: Homes in Kalispell Southwest had an average of 52 days on market in May 2024, down by 6.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Kalispell Southwest; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.