Lake County Housing Market Report March 2025•Lake County, Montana

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Housing Prices in Lake County, MT

How much do homes in Lake County, MT cost?

Housing Market Conditions

Is Lake County, MT a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lake County is a Buyer's Market

Difference Since March 2024

At the same time last year, Lake County was a Neutral Market.

Insight

Lake County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$542,500$292/SqFt
+$30,500
+6.0%

Based on all homes sold in the last 12 months

Insight

Homes in Lake County have sold for 6% more than they did a year ago.

Summary: The median home sold price in Lake County was $542,500 in March 2025, up 6% from last year, and the median price per square foot was $292.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Lake County
+6.0%
Flathead County
+3.8%
Missoula County
+2.3%
Sanders County
-6.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$292K$266K
-8.9%
2$325K$386.5K
+18.9%
3$522.5K$525K
0.5%
4$662K$734.5K
+11.0%
5$630K$675K
+7.1%

Summary: Lake County housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.9%. The home price for 2 bedroom homes increased by +18.9%. The home price for 3 bedroom homes increased by 0.5%. The home price for 4 bedroom homes increased by +11.0%. The home price for 5 bedroom homes increased by +7.1%.

How does Lake County, MT compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Lake County, MT

Housing supply in Lake County, MT

How many homes are available in Lake County, MT?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
181Last MonthMar 2025
1422 months agoFeb 2025
+27.5 %
Change MoMFeb – Mar

Summary: The Lake County real estate market had 181 homes for sale in Mar 2025, a 27.5 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
13Last MonthMar 2025
82 months agoFeb 2025
+62.5 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
159
+80.0%
22529
+16.0%
36379
+25.4%
43748
+29.7%
51216
+33.3%

Summary: Lake County housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +80.0%. The inventory for 2 bedroom homes increased by +16.0%. The inventory for 3 bedroom homes increased by +25.4%. The inventory for 4 bedroom homes increased by +29.7%. The inventory for 5 bedroom homes increased by +33.3%.

Asking Price vs. Sold Price

How much do homes in Lake County, MT cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price3 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in Lake County, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Lake County in March 2025, up by 62.5% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and and 0% were sold over asking.

Days on Market for Lake County, MT

How long does it take to sell a home in Lake County, MT?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days4 Homes

Over 90 Days8 Homes

Insight

Most homes in Lake County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2025, 13 homes were sold in Lake County; 8% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
133 DaysThis YearMar 2025
137 Days1 year agoMar 2024
-3.0 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Lake County had an average listing age of 133 days in Mar 2025, down by 3.0% compared to the previous year.

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Newest Listings in Lake County, MT

What homes are available in Lake County, MT?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Montana Regional MLS, Big Sky Country MLS, and Stellar MLS for the period 04/01/2023 - 04/01/2025

IDX 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: 4/8/2025, 7:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXThe 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: 4/8/2025, 7:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/7/2025, 11:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.