12 hours on Rocket
$7,820 Closing Credit¹
#30052583, Jani Summers, Listing office: Engel & Völkers Western Frontier - Hamilton
59840 Housing Market Report May 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 May 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
$495,000$304/SqFt
-$16,975
-3.3%
Based on all homes sold in the last 12 months
Insight
Homes in 59840 have sold for 3.3% less than they did a year ago.
Summary: The median home sold price in 59840 was $495,000 in May 2025, down 3.3% from last year, and the median price per square foot was $304.
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $358.8K | N/A |
| 22 Bedrooms | $399K | $379K | -5.0% |
| 33 Bedrooms | $521.6K | $510K | -2.2% |
| 44 Bedrooms | $657.5K | $595K | -9.5% |
| 55+ Bedrooms | $1.4M | $1.3M | -7.1% |
Summary: 59840 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -5.0%. The home price for 3 bedroom homes decreased by -2.2%. The home price for 4 bedroom homes decreased by -9.5%. The home price for 5 bedroom homes decreased by -7.1%.
How does 59840, MT compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
59840, MT
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 |
|---|---|---|
| 131Last MonthMay 2025 | ||
| 1112 months agoApr 2025 | +18.0 % Change MoMApr – May |
Summary: The 59840 real estate market had 131 homes for sale in May 2025, a 18.0 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 14Last MonthMay 2025 | ||
| 242 months agoApr 2025 | -41.7 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 3 | +50.0% |
| 22 Bedrooms | 26 | 26 | 0.0% |
| 33 Bedrooms | 57 | 71 | +24.6% |
| 44 Bedrooms | 16 | 19 | +18.8% |
| 55+ Bedrooms | 10 | 12 | +20.0% |
Summary: 59840 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +50.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +24.6%. The inventory for 4 bedroom homes increased by +18.8%. The inventory for 5 bedroom homes increased by +20.0%.
Asking Price vs. Sold Price
How much do homes in 59840, MT cost?
Over Asking Price3 Homes
At Asking Price3 Homes
Under Asking Price8 Homes
Insight
If you're buying a home in 59840, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in 59840 in May 2025, down by 41.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and and 21% 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 Days4 Homes
30 – 90 Days7 Homes
Over 90 Days3 Homes
Insight
Avg time on Rocket Homes in 59840 has remained consistent over time.
Summary: During May 2025, 14 homes were sold in 59840; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 61 DaysThis YearMay 2025 | ||
| 66 Days1 year agoMay 2024 | -7.7 % Change YoYMay 2024 – May 2025 |
Summary: Homes in 59840 had an average listing age of 61 days in May 2025, down by 7.7% compared to the previous year.
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Newest Listings in 59840, MT
What homes are available in 59840, MT?
1 day on Rocket
$10,000 Closing Credit¹
#30052685, Brooke Grenfell, Listing office: Windermere Hamilton
1 day on Rocket
#30052669, Melissa Shields, Listing office: REAL Broker
2 days on Rocket
#30052346, Roger E Gantz, Listing office: Windermere Hamilton
2 days on Rocket
$7,808 Closing Credit¹
#30052569, Jani Summers, Listing office: Engel & Völkers Western Frontier - Hamilton
2 days on Rocket
#30051960, Collin Hohman, Joe Cummings, Listing office: Engel & Völkers Western Frontier - Missoula
6 days on Rocket
$9,369 Closing Credit¹
#30052389, Brooke DeVries, Listing office: DeVries Real Estate
6 days on Rocket
$10,000 Closing Credit¹
#30051384, Bobbi J J Lockhart, Listing office: PureWest Real Estate - Hamilton
$3,551 Closing Credit¹
#30049717, Teresa Polumsky, William Polumsky, Listing office: PureWest Real Estate - Hamilton
Backup offers
$4,720 Closing Credit¹
#30051869, April Jan Hawkes, Listing office: Flying Hawkes Real Estate
$6,828 Closing Credit¹
#30050126, Catherine Lindbeck, Listing office: Berkshire Hathaway HomeServices - Hamilton
$7,410 Closing Credit¹
#30052001, Jani Summers, Listing office: Engel & Völkers Western Frontier - Hamilton
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MLS Disclaimers and Copyright
Based on information from Montana Regional MLS, and Big Sky Country MLS for the period 06/01/2023 - 06/01/2025
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: 6/26/2025, 12:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. 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. Information deemed reliable but not guaranteed. Copyright© 2025 Gallatin Association of Realtors/Big Sky Country MLS. 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: 6/26/2025, 12:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.