![]() The latest reports showed that the number of home sales fell by 29.6% to 1,273 units sold in this year's first quarter compared to January-March 2022 figures. ![]() While median listing prices were higher across the region, they fell in Broadwater, Gallatin, Jefferson, and Ravalli counties. Year over year, home prices increased in five counties: Lake, Missoula, Park, Flathead, and Lewis & Clark. The median listing price rose by 1.4% compared to reports issued in late 2022. Compared to reports for the fourth quarter of 2022, that's an increase of 3.1%.ĭespite high financing costs, the Montana real estate market has shown signs of resilience. In Montana, home prices rose by 0.2% year over year, reaching an average sale price of $747,158 in March of this year. Here's more information about the Montana housing market trends spotted during this year's first quarter. However, like other states, Montana has been struggling due to the effects of the Covid-19 pandemic on the local economy. While each city and town has different real estate trends, experts believe that no metro area in Montana will experience a decline in home values this year. In 2023, the Montana housing market is still strong, with robust demand and increasing property sales despite high prices. Read on! Montana Real Estate Market Trends Luckily, here's all the information you need to make a wise decision. Whether you're a first-time buyer or an experienced real estate investor, understanding the Montana housing market trends and predictions is crucial to know if you should buy a home in this state. What do experts say about the future of this state's housing market? Is it likely to crash soon? Should investors purchase residential properties there? However, there are other factors to consider before buying homes in Montana. Often called "Big Sky Country," Montana has plenty of wide-open spaces juxtaposed against majestic mountains and skies stretching uninterrupted to the horizon.Īdditionally, this state offers a thriving real estate market, a bustling economy, many job opportunities, and a low cost of living. Here are the average home prices for the most popular spots: Bozeman $303,900, Missoula $232,700, Billings $201,600, Laurel $188,600, Kalispell $183,200, Great Falls $157,100.Montana is a beautiful destination for homebuyers who don't like big cities, offering small-town charm with an abiding sense of familiarity. Home pricing can vary widely across the state. The median price of homes currently listed in Montana is $289,000. The median list price per square foot in Montana is $169. Montana home owners have seen their home value increase an average of 4.5% over the past year and real estate experts are planning it will rise 1.9% within the next year. Average Montana Home Prices The median home price in lovely Montana is $193,300. That way, you can be certain that the home you purchase is the right home for you, both now and for years to come. For example, if there's a hotel scheduled to be built in a neighboring lot in the next few years, your perfect view may vanish soon! To make sure that you have ample time to find out everything you want to know about your potential dream home, you can have your lawyer write in a review period for you to investigate the area, or you can just plan to do some thorough research before submitting your offer. One way to get a sense of what changes might occur in the area is to ask a local real estate agent about any plans for developing the surrounding area. While the place may look like your dream home now, things may change over time. ![]() Modular Home Buying Tip When buying a home, it's important to consider the property from all angles. You should contact a local MT modular home builder for the most current and accurate pricing. Every home building project is different with its own unique building specifications, building lot considerations, local zoning requirements and many more details that need to be customized. Please remember these MT modular home prices and details are subject to change. These prices can vary widely depending on your specific building site so you should contact a modular home builder for a precise home quote. These sample prices include a permanent foundation, connection to municipal sewer systems and municipal water systems. If you would like to have a modular house price quote customized for your personal building situation please visit our Montana modular home builder directory or complete the form for a home price quote. It is intended to help home buyers gain a basic price range for factory built pricing in Montana. This is a small sample of the modular homes available in Montana. Here is sample modular pricing for Montana home buyers.
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