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