Is Park County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Park County was a Seller's Market.
Housing Prices in Park County, MT
How much do homes in Park County, MT cost?
Median Sold Price
$518,500
$298/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Park County was $518,500 in April 2024, down 0.8% from last year, and the median price per square foot was $298.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $480K | $400.5K | -16.6% |
2 Bedrooms | $349.5K | $375K | +7.3% |
3 Bedrooms | $545K | $526.2K | -3.4% |
4 Bedrooms | $580K | $690K | +19.0% |
5+ Bedrooms | $789K | $749K | -5.1% |
Summary: Park County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.6%, 2 bedroom homes increased by 7.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 5.1%.
Median Sold Price Compared To Nearby Counties
Gallatin County | $676.7K | $716.1K | +5.8% |
Park County | $522.5K | $518.5K | -0.8% |
Sweet Grass County | $435K | $375K | -13.8% |
Housing Supply in Park County, MT
How many homes are available in Park County, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Summary: The Park County real estate market had 87 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 31 | 38 | +22.6% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Park County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Park County in April 2024, down by 33.3% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Park County, MT
How long does it take to sell a home in Park County, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 133 Days | +60.8% |
Summary: Homes in Park County had an average of 133 days on market in Apr 2024, up by 60.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Park County; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.