Local Market Update – November 2021 A Research Tool Provided by Montana Regional MLS
Flathead County Single-Family
November
Year to Date
Key Metrics
2020
2021
% Change
Thru 11-2020
Thru 11-2021
% Change
New Listings
103
98
- 4.9%
2,364
2,059
- 12.9%
Pending Sales
107
115
+ 7.5%
2,082
1,780
- 14.5%
Closed Sales
207
165
- 20.3%
1,934
1,711
- 11.5%
Days on Market Until Sale
45
40
- 11.1%
67
36
- 46.3%
Median Sales Price*
$469,000
$655,000
+ 39.7%
$410,000
$570,000
+ 39.0%
Average Sales Price*
$697,929
$933,842
+ 33.8%
$584,916
$810,297
+ 38.5%
98.2%
98.9%
+ 0.7%
98.4%
100.7%
+ 2.3%
Inventory of Homes for Sale
316
230
- 27.2%
––
––
––
Months Supply of Inventory
1.8
1.5
- 16.7%
––
––
––
Percent of List Price Received*
Townhouse/Condo
November
Year to Date
Key Metrics
2020
2021
% Change
Thru 11-2020
Thru 11-2021
% Change
New Listings
54
31
- 42.6%
680
592
- 12.9%
Pending Sales
43
35
- 18.6%
650
545
- 16.2%
Closed Sales
54
48
- 11.1%
527
560
+ 6.3%
Days on Market Until Sale
87
25
- 71.3%
92
38
- 58.7%
Median Sales Price*
$317,400
$386,000
+ 21.6%
$299,000
$393,950
+ 31.8%
Average Sales Price*
$400,985
$446,096
+ 11.3%
$382,870
$498,091
+ 30.1%
99.7%
100.0%
+ 0.3%
98.5%
101.1%
+ 2.6%
Inventory of Homes for Sale
85
76
- 10.6%
––
––
––
Months Supply of Inventory
1.5
1.6
+ 6.7%
––
––
––
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 December 5, 2021. All data from Montana Regional MLS. Report © 2021 ShowingTime.
Local Market Update – November 2021 A Research Tool Provided by Montana Regional MLS
Lake County Single-Family
November
Year to Date
Key Metrics
2020
2021
% Change
Thru 11-2020
Thru 11-2021
% Change
New Listings
30
20
- 33.3%
561
476
- 15.2%
Pending Sales
30
38
+ 26.7%
522
398
- 23.8%
Closed Sales
45
26
- 42.2%
494
380
- 23.1%
Days on Market Until Sale
78
63
- 19.2%
112
54
- 51.8%
Median Sales Price*
$408,000
$459,000
+ 12.5%
$382,500
$477,500
+ 24.8%
Average Sales Price*
$486,626
$975,308
+ 100.4%
$577,763
$742,530
+ 28.5%
97.8%
97.1%
- 0.7%
97.2%
99.4%
+ 2.3%
Inventory of Homes for Sale
99
72
- 27.3%
––
––
––
Months Supply of Inventory
2.2
2.0
- 9.1%
––
––
––
Percent of List Price Received*
Townhouse/Condo
November
Year to Date
Key Metrics
2020
2021
% Change
Thru 11-2020
Thru 11-2021
% Change
New Listings
0
1
––
23
38
+ 65.2%
Pending Sales
1
2
+ 100.0%
23
28
+ 21.7%
Closed Sales
2
3
+ 50.0%
22
26
+ 18.2%
Days on Market Until Sale
7
52
+ 642.9%
95
41
- 56.8%
Median Sales Price*
$469,000
$358,000
- 23.7%
$456,150
$425,000
- 6.8%
Average Sales Price*
$469,000
$451,000
- 3.8%
$450,468
$711,823
+ 58.0%
97.6%
98.2%
+ 0.6%
97.8%
98.3%
+ 0.5%
Inventory of Homes for Sale
3
1
- 66.7%
––
––
––
Months Supply of Inventory
1.4
0.4
- 71.4%
––
––
––
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
Median Sales Price - Townhouse/Condo
Rolling 12-Month Calculation
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 December 5, 2021. All data from Montana Regional MLS. Report © 2021 ShowingTime.