ANNUAL MARKET TRENDS 2020 · Missoula/Bitterroot Valley
CONTENTS
THANK YOU TO OUR CLIENTS 01
Missoula County Real Estate Trends
03
Ravalli County Real Estate Trends
05
Corvallis
07
Hamilton
09
Lolo
11
Missoula
13
Stevensville
15
Our 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
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$1,529,614,888
$1,510,076,508
$1,485,603,034
$1,458,592,659
2016
2017
AVERAGE SALES PRICE
$1,449,633,932
2018
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$350,000
$774,236,858
120
-2.00%
$119,900
$75,932,731
386
-7.00%
RESIDENTIAL
$399,709
$347,780 $330,063 $307,052
($315,500)
($603,399,003)
(101)
(-3.00%)
$283,987
2016
2017
2018
2019
2020
LAND
$196,209
$170,458
($105,000)
$150,404
$145,831
($39,205,244)
(365)
(-10.00%)
$139,933
2016
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
MISSOULA COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
2016
3028
1746
2017
2969
1697
2018
2807
1735
2019
2707
1611
2020
1937
2016
268
1376
2017
248
1295
2018
260
1169
2019
230
1049
2020
387
2398
ACTIVE listings
902
2020 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
57%
$400,000 - $599,000
27%
$600,000 - $799,000
7%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$850,169,589
$570,815,781
$599,221,817
$642,604,247
$496,586,133
2016
2017
2018
2019
2020
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.
*Residential and Land only.
IN MISSOULA COUNTY
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
HISTORICAL active listing volume Residential and Land only.
$1,781,590,657 $1,789,449,802 $1,509,022,171 $1,266,167,398 $1,105,011,773
2016
2017
RESIDENTIAL
AVERAGE SALES PRICE
2018
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$365,000
$444,699,786
130
-3.00%
$135,000
$75,993,106
264
-8.00%
$469,588
$385,945 $341,139 $305,744
2016
($310,000)
$298,163
2017
2018
2019
($316,860,837)
(139)
(-6.00%)
2020
LAND
$176,318
$130,963
($97,000)
$121,547 $121,045
($31,592,726)
(263)
(-9.00%)
$106,379
2016
2017
2018
2019
2020 2019 percentages in parenthesis.
PUREWESTREALESTATE.COM
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
635
2796
2017
680
2019
821
2020
947
1400
1442
2018
229
1709
1553
2017
196
2102
ACTIVE listings 2016
139
2601
2018
730
UNITS sold
1243
2019
261
1021
2020
431
838
2020 closed RESIDENTIAL transactions by price point
Under $199,000
8%
$200,000 - $399,000
51%
$400,000 - $599,000
26%
$600,000 - $799,000
8%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
25% (29%)
TOTAL GROSS* sales volume
$520,692,892
$348,453,563 $279,021,824
$211,042,258
$223,601,273
2016
2017
2018
2019
2020
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.
*Residential and Land only.
IN RAVALLI COUNTY
CORVALLIS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
85
2016
85
2017
335
107
2019
111
2020
ACTIVE listings 2016
26
299
2018
97
UNITS sold 2017
29
275
180
2019
44
171
241
2018
34
207
263
2020
68
128 108
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
45%
$400,000 - $599,000
35%
$600,000 - $799,000
8%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
25% (29%)
TOTAL GROSS* sales volume
$60,273,419
$35,918,475 $26,057,352
$27,839,425
2016
2017
2018
2019
2020
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.
*Residential and Land only.
$45,441,361
IN CORVALLIS
CORVALLIS
real estate trends Residential
Land
AVERAGE sales price $455,357
$275,442
$290,156
$364,640
$331,171
$101,721
$109,524
$111,615
2016
2017
2018
$146,020
$152,012
2019
2020
MEDIAN sales price $247,000 $69,500
2016
$259,000 $90,000
2017
$285,000
$400,000
$310,150
$105,000
2018
$118,950
$119,500
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
118
231
(121) DAYS
(361) DAYS
PUREWESTREALESTATE.COM
HAMILTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
185
990
2017
217
22
911
235
2018
243
2019
559
2020
527
356
UNITS sold 57
695
ACTIVE listings 2016
442
2017
429
2018
46
334
2019
56
242
2020
92
187
2020 closed RESIDENTIAL transactions by price point
Under $199,000
11%
$200,000 - $399,000
57%
$400,000 - $599,000
17%
$600,000 - $799,000
8%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
$169,962,968
TOTAL GROSS* sales volume
$106,481,085 $87,620,215
$69,153,580 $50,530,271
2016
2017
2018
2019
2020
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.
*Residential and Land only.
IN HAMILTON
HAMILTON
real estate trends Residential
Land
AVERAGE sales price $410,454
$259,634
$294,113
$415,478
$335,673 $239,702
$189,936 $93,526 $120,370
$113,545
2016
2017
2018
2019
2020
MEDIAN sales price $249,000
$263,000
$289,000
$175,000
$221,200 $88,750
2016
$62,000
2017
$308,750
$84,500 $96,750
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
132
319
(146) DAYS
(274) DAYS
PUREWESTREALESTATE.COM
LOLO
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
110
208
2017
182
111
2018
177
115
2019
172
123
2020
128
UNITS sold 2016
28
108
2017
14 6
150
ACTIVE listings 72
2018
11
2019
10
2020
49 40 21
2020 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
69%
$400,000 - $599,000
25%
$600,000 - $799,000
5%
$800,000 - $999,000
0%
$1,000,000 - $1,499,000
0%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$49,498,288
IN LOLO
2016
2017
$39,206,666 $33,216,014
2018
2019
2020
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.
*Residential and Land only.
$32,187,816
$37,310,066
LOLO
real estate trends Residential
Land
AVERAGE sales price
$375,608
$327,806 $264,984
$286,633
$290,865
$146,725
$155,000
2017
2018
$137,182
$129,127
2019
2020
$108,556
2016
MEDIAN sales price
$345,000
$305,000 $246,750
$265,500
$268,000
$107,500
$112,000
$119,900
$74,750 $84,000
2016
2017
2018
2019
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
84
218
(97) DAYS
(205) DAYS
PUREWESTREALESTATE.COM
MISSOULA
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
2016
2191
1422
2017
2197
1376
2018
2126
1408
2019
2068
1292
2020
1541
1838
ACTIVE listings 2016
175 152 162
640
2017
581
2018
586
2019
138
553
2020
183
479
2020 closed RESIDENTIAL transactions by price point
Under $199,000
5%
$200,000 - $399,000
58%
$400,000 - $599,000
27%
$600,000 - $799,000
7%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$649,638,482
IN MISSOULA
$512,655,992
$393,089,750
2016
2017
2018
2019
2020
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.
*Residential and Land only.
$451,394,547
$475,805,450
MISSOULA
real estate trends Residential
Land
AVERAGE sales price
$392,980
$282,673 $159,292
2016
$302,251
$325,754
$346,249 $240,745
$170,171
$182,154
$142,067
2017
2018
2019
2020
MEDIAN sales price $297,220 $256,100
$350,000
$315,000
$268,125 $117,750
$90,000
$96,250
$90,000
2016
2017
2018
2019
$135,000
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
93
430
(95) DAYS
(459) DAYS
PUREWESTREALESTATE.COM
STEVENSVILLE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2016 - 12/31/2016 through 1/1/2020 - 12/31/2020.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2016
191
604
2017
178
2019
241
445
2020
236
68 74
494
423
2017
334
2018
339
2019
101
305
2020
99
330
ACTIVE listings 2016
55
568
2018
214
UNITS sold
218
2020 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
55%
$400,000 - $599,000
30%
$600,000 - $799,000
7%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$133,547,014
IN STEVENSVILLE
$76,668,030 $65,606,594
2016
$57,605,416
2017
2018
2019
2020
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.
*Residential and Land only.
$89,955,187
STEVENSVILLE
real estate trends Residential
Land
AVERAGE sales price $307,756
$283,321
$321,336
$496,643
$332,931 $165,044
$124,095
2016
$105,504
$106,785
$96,225
2017
2018
2019
2020
MEDIAN sales price $375,000 $286,700
$305,000
$261,000
$267,450
$60,000
$58,875
$71,000
$74,250
2016
2017
2018
2019
$139,000
2020
AVERAGE days on the market
2019 percentages in parenthesis.
homes
land
112
233
(119) DAYS
(227) DAYS
PUREWESTREALESTATE.COM
LOCATIONS Missoula 101 Railroad Street West Missoula, MT 59802 406.541.4000
Hamilton 140 Cherry Street, #101 Hamilton, MT 59840 406.363.9800
WWW.PUREWESTREALESTATE.COM 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.