Is now a good time to buy land in the Montana area?
the Montana area is currently a strong buyer's market with 24.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
We're showing Montana State statistics below to give you a broader market picture. As more transactions occur in Lewis And Clark County, Montana, we'll update with specific local data.
24.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Lewis And Clark County, Montana | ||||||
the Montana area is currently a strong buyer's market with 24.1 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Montana area currently has 24.1 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Land in the Montana area typically sells within 167 days of listing. The median time on market is 100 days. Properties are moving slowly in the current strong buyer's market.
The 3-month absorption rate in the Montana area is 4.2%. The 12-month rate is 4.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, the Montana area saw 2,210 properties sold. In just the last 3 months, 500 properties changed hands.
The current absorption rate in the Montana area is 4.2% (3-month basis), indicating slow demand. The top-performing broker in this market is PureWest Real Estate - Whitefish.
There are currently 4,013 active listings in the Montana area. 918 new listings have hit the market in the last 90 days. The median asking price is $250K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.