Is Miller Creek, 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, Miller Creek has remained a Seller's Market.
Key Takeaway
Miller Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Miller Creek, MT
How much do homes in Miller Creek, MT cost?
Median Sold Price
$744,978
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Miller Creek have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Miller Creek was $744,978 in May 2024, up 9.8% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $407.5K | $607.5K | +49.1% |
| 3 Bedrooms | $625K | $674.2K | +7.9% |
| 4 Bedrooms | $735K | $755K | +2.7% |
| 5+ Bedrooms | $730K | $766K | +4.9% |
Summary: Miller Creek 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 increased by 49.1%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Miller Creek | $678.7K | $744.9K | +9.8% |
| Franklin to the Fort | $399K | $413K | +3.5% |
| Moose Can Gully | $492.5K | $475K | -3.6% |
Housing Supply in Miller Creek, MT
How many homes are available in Miller Creek, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 45 | +18.4% |
Summary: The Miller Creek real estate market had 45 homes for sale in May 2024, a 18.4% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Miller Creek 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 decreased by 50%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 9 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Miller Creek, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Miller Creek in May 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for Miller Creek, MT
How long does it take to sell a home in Miller Creek, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 72 Days | +122.4% |
Summary: Homes in Miller Creek had an average of 72 days on market in May 2024, up by 122.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Miller Creek has remained consistent over time.
Summary: During May 2024, 9 homes were sold in Miller Creek; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% 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.