New - 1 day on Rocket
$7,838 Closing Credit¹
#30041326, Kathleen Manganaro, Listing Office: Berkshire Hathaway HomeServices - Hamilton
59840 Housing Market Report February 2025•Ravalli County, Montana
Housing Prices in 59840, MT
How much do homes in 59840, MT cost?
Housing Market Conditions
Is 59840, MT a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
59840 is a Buyer's Market
Difference Since February 2024
At the same time last year, 59840 was a Seller's Market.
Insight
59840 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$500,000$303/SqFt
-$9,500
-1.9%
Based on all homes sold in the last 12 months
Insight
Homes in 59840 have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in 59840 was $500,000 in February 2025, down 1.9% from last year, and the median price per square foot was $303.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $4.5K | $339K | +7433.3% |
| 22 Bedrooms | $372.5K | $395K | +6.0% |
| 33 Bedrooms | $534.5K | $507K | -5.1% |
| 44 Bedrooms | $725K | $596K | -17.8% |
| 55+ Bedrooms | $1.4M | $1.3M | -7.1% |
Summary: 59840 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +7433.3%. The home price for 2 bedroom homes increased by +6.0%. The home price for 3 bedroom homes decreased by -5.1%. The home price for 4 bedroom homes decreased by -17.8%. The home price for 5 bedroom homes decreased by -7.1%.
Housing supply in 59840, MT
How many homes are available in 59840, MT?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 78Last MonthFeb 2025 | ||
| 712 months agoJan 2025 | +9.9 % Change MoMJan – Feb |
Summary: The 59840 real estate market had 78 homes for sale in Feb 2025, a 9.9 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthFeb 2025 | ||
| 112 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 5 | 5 | 0.0% |
| 22 Bedrooms | 18 | 18 | 0.0% |
| 33 Bedrooms | 38 | 41 | +7.9% |
| 44 Bedrooms | 4 | 8 | +100.0% |
| 55+ Bedrooms | 6 | 6 | 0.0% |
Summary: 59840 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +7.9%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 59840, MT cost?
Over Asking Price1 Home
At Asking Price2 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in 59840, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 59840 in February 2025, the same as the previous month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and and 9% were sold over asking.
Days on Market for 59840, MT
How long does it take to sell a home in 59840, MT?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days3 Homes
Over 90 Days8 Homes
Insight
Most homes in 59840 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During February 2025, 11 homes were sold in 59840; 0% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 73% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 280 DaysThis YearFeb 2025 | ||
| 103 Days1 year agoFeb 2024 | +171.5 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 59840 had an average listing age of 280 days in Feb 2025, up by 171.5% compared to the previous year.
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Newest Listings in 59840, MT
What homes are available in 59840, MT?
New - 1 day on Rocket
$6,282 Closing Credit¹
#30041048, Rebecca Werst, Listing Office: Keller Williams Western MT
New - 2 days on RocketBackup offers
$5,344 Closing Credit¹
#30041537, Brian James Berland, Listing Office: Berkshire Hathaway HomeServices - Hamilton
New - 3 days on Rocket
$10,000 Closing Credit¹
#30039015, Kerry A Hanson, Listing Office: PureWest Real Estate - Hamilton
New - 3 days on Rocket
$7,480 Closing Credit¹
#30041112, Lindsay Buhler, Listing Office: Engel & Völkers Western Frontier - Hamilton
New - 3 days on Rocket
$9,251 Closing Credit¹
#30041373, Teresa Polumsky, William Polumsky, Listing Office: PureWest Real Estate - Hamilton
New - 3 days on Rocket
$8,253 Closing Credit¹
#30041710, Shelley Irwin, Listing Office: Berkshire Hathaway HomeServices - Hamilton
New - 5 days on Rocket
$10,000 Closing Credit¹
#30041696, Craig W. Siphers, Listing Office: EXIT Realty Bitterroot Valley South
New - 6 days on RocketBackup offers
$4,631 Closing Credit¹
#30041203, Brooke Grenfell, Listing Office: Windermere Hamilton
New - 6 days on Rocket
$5,195 Closing Credit¹
#30041611, Cathy Locatelli, Mandy Snook, Listing Office: Montana Home & Land Co., LLC
New - 7 days on Rocket
$10,000 Closing Credit¹
#30041541, Samantha Mix, Listing Office: Double Black Diamond Real Estate
$4,382 Closing Credit¹
#30041407, Hailey Bitar, Listing Office: Engel & Völkers Western Frontier - Stevensville
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MLS Disclaimers and Copyright
Based on information from Montana Regional MLS, for the period 03/01/2023 - 03/01/2025
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© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 4:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.