FIRST HALF MARKET TRENDS
2023 · Missoula / Bitterroot Valley
CONTENTS 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. 03 Missoula County 04 Ravalli County 05 Hamilton 06 Missoula 07 Stevensville 08 PureWest Locations
MISSOULA COUNTY sold properties - first half 2023
BY PRICE POINT AVERAGE MEDIAN
$422,630,779 $436,440,095 $337,890,372 RESIDENTIAL units sold MEDIAN
2023 2022 2021 2020 2019
564 604 751 816 762
AVERAGE & MEDIAN sales price AVERAGE DAYS ON MARKET Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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 LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
AVERAGE 203 days 2022: 236 days *Residential and Land only. 2019 2020 2021 2022 2023
$186,086 $191,657 $197,903 $288,062 $249,496 $108,000 $105,000 $125,000 $166,750 $173,500 $339,853 $362,804 $498,195 $627,198 $567,246 $305,500 $326,500 $430,000 $540,000 $535,000 13.99% 25.16% 44.65% 15.25% 0.47% 0.47% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions
TOTAL GROSS* sales volume IN MISSOULA COUNTY $280,740,183 $322,304,722 AVERAGE DAYS ON MARKET 92 days 2022: 72 days
2022: 100 days 2023 2022 2021 2020 2019
2022: 174 days AVERAGE & MEDIAN sales price
$321,570,126 $291,556,389 $215,438,372 306 377 442 335 347
$146,633,096 $155,012,375 *Residential and Land only. Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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.
$115,634 $156,439 $271,267 $313,190 $309,837 $99,250 $120,000 $174,500 $251,500 $221,500 $389,249 $395,011 $592,514 $678,654 $633,214 $304,900 $325,000 $445,000 $565,000 $560,000 12.70% 30.69% 32.80% 21.16% 1.59% 1.06% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
RAVALLI COUNTY sold properties - first half 2023
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold
AVERAGE DAYS ON MARKET 102 days
MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 147 days
TOTAL GROSS* sales volume IN RAVALLI COUNTY RESIDENTIAL LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
TOTAL GROSS* sales volume IN HAMILTON
$44,387,385 $49,162,949
$105,550,344 $78,384,610 $70,283,142
$111,311 $208,339 $283,129 $267,277 $407,315 $93,000 $117,500 $232,000 $232,333 $224,000 $347,316 $386,870 $592,447 $532,127 $603,417 $284,900 $279,900 $378,500 $430,602 $510,000 14.63% 34.96% 29.27% 17.07% 2.44% 1.63% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold HAMILTON sold properties - first half 2023 AVERAGE DAYS ON MARKET 84 days 2022: 96 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 148 days 2022: 156 days *Residential and Land only. RESIDENTIAL LAND AVERAGE & MEDIAN sales price 106 132 160 112 95 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
TOTAL GROSS* sales volume IN
$210,163 $249,488 $210,753 $233,522 $260,092 $118,000 $125,000 $125,000 $169,000 $160,000 $336,185 $361,447 $487,159 $595,227 $567,968 $305,000 $327,930 $430,000 $520,208 $533,725 13.32% 25.10% 44.98% 15.44% 0.58% 0.58% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
MISSOULA 2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold 469 501 604 643 625 $226,508,641 $248,627,321 $323,749,393 $329,900,980 $279,121,522 MISSOULA sold properties -
half 2023 AVERAGE DAYS ON MARKET 94 days 2022: 74 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 216 days 2022: 146 days
first
RESIDENTIAL LAND *Residential and Land only. 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
AVERAGE & MEDIAN sales price
BY PRICE POINT
TOTAL GROSS* sales volume IN STEVENSVILLE
$38,866,220
$239,253 $285,644 $592,567 $326,969 $261,087 $74,100 $113,450 $158,793 $269,050 $175,000 $318,875 $361,413 $582,960 $692,647 $622,168 $290,000 $335,000 $450,416 $610,850 $570,000 15.24% 22.86% 38.10% 23.81% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 + $37,865,912
$83,210,256 $79,133,654 $57,022,781
closed RESIDENTIAL transactions
2023
sold properties
AVERAGE DAYS ON MARKET 101 days 2022: 84 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 168 days 2022: 133 days RESIDENTIAL LAND AVERAGE & MEDIAN sales price *Residential and Land only. RESIDENTIAL units sold 82 90 113 93 108 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 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 - 06/30/2019 through 1/1/2023 - 06/30/2023, 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. 2023 2022 2021 2020 2019
STEVENSVILLE
- first half 2023
MISSOULA / BITTERROOT VALLEY LOCATIONS HAMILTON 140 Cherry Street, #101 Hamilton, MT 59840 406.363.9800 MISSOULA 101 Railroad Street West Missoula, MT 59802 406.541.4000 PUREWESTREALESTATE.COM
