Local Market Update – October 2021 A Research Tool Provided by Montana Regional MLS
Flathead County Single-Family
October
Year to Date
Key Metrics
2020
2021
% Change
Thru 10-2020
Thru 10-2021
% Change
New Listings
208
152
- 26.9%
2,260
1,959
- 13.3%
Pending Sales
210
185
- 11.9%
1,974
1,672
- 15.3%
Closed Sales
240
139
- 42.1%
1,727
1,545
- 10.5%
Days on Market Until Sale
61
29
- 52.5%
69
35
- 49.3%
Median Sales Price*
$467,000
$588,750
+ 26.1%
$405,000
$560,000
+ 38.3%
Average Sales Price*
$724,930
$766,135
+ 5.7%
$571,362
$797,205
+ 39.5%
98.8%
100.0%
+ 1.2%
98.5%
100.9%
+ 2.4%
Inventory of Homes for Sale
347
260
- 25.1%
––
––
––
Months Supply of Inventory
1.9
1.7
- 10.5%
––
––
––
Percent of List Price Received*
Townhouse/Condo
October
Year to Date
Key Metrics
2020
2021
% Change
Thru 10-2020
Thru 10-2021
% Change
New Listings
54
27
- 50.0%
626
561
- 10.4%
Pending Sales
70
31
- 55.7%
607
513
- 15.5%
Closed Sales
76
45
- 40.8%
473
512
+ 8.2%
Days on Market Until Sale
81
26
- 67.9%
92
40
- 56.5%
Median Sales Price*
$366,000
$416,500
+ 13.8%
$298,900
$395,250
+ 32.2%
Average Sales Price*
$461,602
$521,755
+ 13.0%
$380,802
$502,966
+ 32.1%
98.9%
100.9%
+ 2.0%
98.4%
101.2%
+ 2.8%
Inventory of Homes for Sale
80
79
- 1.3%
––
––
––
Months Supply of Inventory
1.4
1.6
+ 14.3%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single-Family Rolling 12-Month Calculation
Median Sales Price - Townhouse/Condo MRMLS Flathead County
$600,000
Rolling 12-Month Calculation
MRMLS Flathead County
$400,000
$350,000
$500,000
$300,000 $400,000 $250,000 $300,000 $200,000 $200,000
$150,000
$100,000 1-2011
$100,000 1-2013
1-2015
1-2017
1-2019
1-2021
1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of November 5, 2021. All data from Montana Regional MLS. Report © 2021 ShowingTime.
Local Market Update – October 2021 A Research Tool Provided by Montana Regional MLS
Lake County Single-Family
October
Year to Date
Key Metrics
2020
2021
% Change
Thru 10-2020
Thru 10-2021
% Change
New Listings
41
42
+ 2.4%
531
456
- 14.1%
Pending Sales
46
37
- 19.6%
492
363
- 26.2%
Closed Sales
69
31
- 55.1%
449
352
- 21.6%
Days on Market Until Sale
73
44
- 39.7%
115
54
- 53.0%
Median Sales Price*
$425,000
$460,000
+ 8.2%
$378,500
$480,000
+ 26.8%
Average Sales Price*
$741,527
$1,093,835
+ 47.5%
$586,917
$725,282
+ 23.6%
98.9%
101.3%
+ 2.4%
97.1%
99.6%
+ 2.6%
Inventory of Homes for Sale
109
94
- 13.8%
––
––
––
Months Supply of Inventory
2.4
2.7
+ 12.5%
––
––
––
Percent of List Price Received*
Townhouse/Condo
October
Year to Date
Key Metrics
2020
2021
% Change
Thru 10-2020
Thru 10-2021
% Change
New Listings
1
0
- 100.0%
23
37
+ 60.9%
Pending Sales
1
4
+ 300.0%
22
26
+ 18.2%
Closed Sales
4
1
- 75.0%
20
23
+ 15.0%
Days on Market Until Sale
86
24
- 72.1%
104
40
- 61.5%
Median Sales Price*
$450,000
$415,000
- 7.8%
$456,150
$430,000
- 5.7%
Average Sales Price*
$449,250
$415,000
- 7.6%
$448,615
$745,843
+ 66.3%
98.0%
101.2%
+ 3.3%
97.8%
98.3%
+ 0.5%
Inventory of Homes for Sale
4
2
- 50.0%
––
––
––
Months Supply of Inventory
1.8
0.8
- 55.6%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single-Family Rolling 12-Month Calculation
Median Sales Price - Townhouse/Condo MRMLS Lake County
$500,000
Rolling 12-Month Calculation
MRMLS Lake County
$600,000
$450,000
$500,000
$400,000 $400,000 $350,000 $300,000 $300,000 $200,000 $250,000 $100,000
$200,000 $150,000 1-2011
$0 1-2013
1-2015
1-2017
1-2019
1-2021
1-2011
1-2013
1-2015
1-2017
1-2019
1-2021
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of November 5, 2021. All data from Montana Regional MLS. Report © 2021 ShowingTime.