Annual 2023 Missoula Bitterroot Market Trends

ANNUAL MARKET TRENDS 2023 · Missoula / Bitterroot Valley

CONTENTS

03

Missoula County

04

Ravalli County

05

Hamilton

06

Missoula

07

Stevensville

08

PureWest Locations

The foregoing information was obtained from the Montana Regional MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.

MISSOULA COUNTY sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

1.10%

2023

$1,500,001 - $3,000,000

1.17%

2022

$800,001 - $1,500,000

15.06%

24.49%

$250,001 - $500,000 Under $250k

1288

2021

43.93%

$500,001 - $800,000

1198

14.25%

1937

2020

1735

2019

1697

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $595,625

$378,443

$612,747

$290,197

$527,667 $224,087

$399,709

AVERAGE MEDIAN

$347,780

$315,250

$530,000

$196,209

$535,000

$451,950

AVERAGE

$350,000

$170,458 $185,000

MEDIAN $105,000

2019

2020

2021

2022

2023

2019

77 days

AVERAGE DAYS ON MARKET

$119,900

2020

AVERAGE DAYS ON MARKET

2022: 78 days

$130,000

2021

2022

153 days 2022: 216 days

TOTAL GROSS* sales volume

MISSOULA COUNTY

$959,331,954

$850,169,589

$851,872,339

$798,405,828

$642,604,247

2019

2020

2021

2022

$200,000

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023

RAVALLI COUNTY sold properties - 2023 2023 closed RESIDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

2023

$3,000,001 and up

1.85%

$1,500,001 - $3,000,000

1.98%

612

2022

$800,001 - $1,500,000

19.55%

$500,001 - $800,000

2021

34.61%

$250,001 - $500,000

904

2020

30.78%

Under $250k

718

11.23%

947

2019

821

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $666,361

$618,867 $469,588

AVERAGE MEDIAN

$315,154

$667,379 $271,006

$566,500

$385,945

$560,000

$176,318

$468,000

AVERAGE

$365,000 $309,000

2019

MEDIAN 2020

AVERAGE DAYS ON MARKET

2021

$377,718

2022

2023

RAVALLI COUNTY

2022

2023

$185,000 $135,000

2020

AVERAGE DAYS ON MARKET

2022: 98 days

$250,000

$97,000

2019

104 days

TOTAL GROSS* sales volume

$121,045

$255,000

2021

152 days 2022: 177 days

$655,120,667 $536,120,097

$520,692,892

$462,537,581

$348,453,563

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

HAMILTON sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

2.12%

$1,500,001 - $3,000,000

1.69%

2023

205

2022 13.98%

$800,001 - $1,500,000 $500,001 - $800,000

35.17%

$250,001 - $500,000

36.02%

2021

315

2020

356

2019

11.02%

Under $250k

248

243

AVERAGE & MEDIAN sales price R E S IDEN TIA L $592,971

LAND $568,900

$424,847

$615,086

$368,947 $277,645

AVERAGE

$410,454

$415,478

$239,702 $458,751 $399,000

MEDIAN $289,000

2019

AVERAGE MEDIAN

2021

2022

2023

$175,000

HAMILTON

2020

AVERAGE DAYS ON MARKET

2022: 95 days

TOTAL GROSS* sales volume

$96,750

2019

95 days

AVERAGE DAYS ON MARKET

2021

2022

144 days 2022: 123 days

$202,333,924

$169,962,968

$157,938,476

$139,263,000

$106,481,085

2019

2020

2021

$298,000

$232,000

$120,370

$308,750

2020

$309,944

$486,975

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023

MISSOULA sold properties - 2023 2023 closed RESIDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

0.73%

2023

992

$1,500,001 - $3,000,000

1.19%

2022

1026

$800,001 - $1,500,000

15.80%

2021

44.29%

$500,001 - $800,000

2020

24.66%

$250,001 - $500,000

1541

2019

13.33%

Under $250k

1316

1408

AVERAGE & MEDIAN sales price R E S IDEN TIA L

LAND $582,346

$302,605

$578,671

$275,922

$512,913 $525,270

$392,980

AVERAGE MEDIAN

$346,249

$315,000

2019

$240,745 $532,500

$450,000

$227,883

$182,154

AVERAGE

$350,000

MEDIAN 2020

2021

AVERAGE DAYS ON MARKET

2022

2019

77 days

$135,000

$132,500

2020

2021

AVERAGE DAYS ON MARKET

2022: 78 days

TOTAL GROSS* sales volume MISSOULA

2023

$117,750

$188,037

$192,000

2022

2023

177 days 2022: 276 days

$727,862,174 $649,638,482

$645,678,208

$602,461,613

$512,655,992

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

STEVENSVILLE sold properties - 2023 2023 closed RES IDEN TIA L transactions

RESI D ENTI AL units sold

BY PRICE POINT

$3,000,001 and up

0.45%

$1,500,001 - $3,000,000

1.36%

2023

171

2022 21.82%

$800,001 - $1,500,000

2021

38.64%

$500,001 - $800,000 24.55%

$250,001 - $500,000 Under $250k

186

13.18%

228

2020

236

2019

241

AVERAGE & MEDIAN sales price

R E S IDEN TIA L

LAND

$661,364 $622,573

$293,379

$646,711

$313,265

$240,669

$496,643

MEDIAN

$266,567

$579,700

$165,044

$489,450

$332,931

AVERAGE

$589,129

AVERAGE

$375,000 $305,000

2019

MEDIAN 2020

2021

2022

2023

$139,000 $74,250

2020

AVERAGE DAYS ON MARKET

2022: 88 days

TOTAL GROSS* sales volume

$96,225

2019

101 days

AVERAGE DAYS ON MARKET

$212,000

$190,000

2021

2022

176 days 2022: 139 days

$174,918,254

STEVENSVILLE

$141,090,513

$133,547,014

$125,938,000

$89,955,187

2019

2020

2021

2022

2023

Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.

2023

M ISS OU LA / B ITTE R R O O T VA L L E Y L O CATIO N S MISSOULA

HAMILTON

101 Railroad Street West Missoula, MT 59802 406.541.4000

140 Cherry Street, #101 Hamilton, MT 59840 406.363.9800

P U R E W E S T R E A L E S TAT E . C O M