ANNUAL MARKET TRENDS 2021 · 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 1/1/2017 - 12/31/2017 through 1/1/2021 - 12/31/2021.
HISTORICAL active listing volume Residential and Land only.
$1,529,614,888 $1,485,603,034 $1,458,592,659 $1,471,441,332 $1,449,633,932
2017
2018
AVERAGE SALES PRICE
2019
2020
2021
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$451,950
$864,318,894 ($774,236,858)
(120)
83
-1.00%
$130,000
$95,013,060
256
-3.00%
RESIDENTIAL
$527,667
$399,709
($350,000)
$330,063 $347,780
$307,052
2017
2018
2019
2020
(-2.00%)
2021 $224,087
LAND
$196,209
$170,458
($119,900)
$150,404 $139,933
2017
2018
2019
2020
($75,932,731)
(386)
(-7.00%)
2021 2020 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
1746
2017
1697
2018
2807
1735
2019
2707
2017
260
2018
1169 1049
2020
387
1941
1295
2019
230
2398
2021
1638
248
2969
2020
1937
ACTIVE listings
902
2021
424
723
2021 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
31%
$400,000 - $599,000
41%
$600,000 - $799,000
16%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$959,331,954 $850,169,589
$570,815,781
2017
$599,221,817
2018
$642,604,247
2019
2020
2021
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 1/1/2017 - 12/31/2017 through 1/1/2021 - 12/31/2021.
HISTORICAL active listing volume Residential and Land only.
$1,781,590,657 $1,509,022,171 $1,266,167,398 $1,105,011,773 $1,093,935,247 2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
2020
2021
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$468,000
$559,455,480
100
-2.00%
$185,000
$95,665,187
160
-3.00%
$618,867
$469,588 $385,945
($365,000)
$341,139 $298,163
2017
2018
2019
2020
($444,699,786)
(130)
(-3.00%)
2021
LAND
$271,006
$176,318
($135,000)
$130,963 $106,379
($75,993,106)
(264)
(-8.00%)
$121,045
2017
2018
2019
2020
2021 2020 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 2017
680
2601
2018
730
947
2020
904
2021
1400
1243
2019
261
1021
2020
431
1152
1442
2018
229
1709
ACTIVE listings 2017
196
2102
2019
821
UNITS sold
2021
353
838 498
2021 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
34%
$400,000 - $599,000
34%
$600,000 - $799,000
16%
$800,000 - $999,000
6%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
2%
$655,120,667
$520,692,892
TOTAL GROSS* sales volume
$348,453,563
$279,021,824 $223,601,273
2017
2018
2019
2020
2021
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 1/1/2017 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
85
299
2018
97 107
2019
111
2020
108
2021
UNITS sold 2017
29
275
128
2020
68
142
180
2019
44
171
241
2018
34
207
ACTIVE listings
2021
26
108 42
2021 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
28%
$400,000 - $599,000
34%
$600,000 - $799,000
19%
$800,000 - $999,000
8%
$1,000,000 - $1,499,000
6%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$60,273,419
$45,441,361
$35,918,475
$27,839,425
2017
2018
2019
2020
2021
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 CORVALLIS
$66,573,133
CORVALLIS
real estate trends Residential
Land
AVERAGE sales price
$562,456
$455,357 $290,156
$331,171
$364,640 $224,150
$109,524
$111,615
2017
2018
$146,020
$152,012
2019
2020
2021
MEDIAN sales price
$496,000
$400,000 $259,000
$285,000
$310,150 $199,500
$105,000
$118,950
$119,500
2018
2019
2020
$90,000
2017
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
97
170
(118) DAYS
(231) 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 1/1/2017 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
217
2018
243
2019
559
2020
527
2021
315
334
2019
56
242
2020
92
2021
56
388
429
2018
46
695
ACTIVE listings 2017
57
911
235
356
UNITS sold
187 77
2021 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
50%
$400,000 - $599,000
26%
$600,000 - $799,000
12%
$800,000 - $999,000
3%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
4%
$202,333,924 $169,962,968
TOTAL GROSS* sales volume $106,481,085 $87,620,215 $69,153,580
2017
2018
2019
2020
2021
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
$592,971
$410,454 $294,113
$415,478
$335,673 $239,702
$277,645
$189,936 $93,526 $120,370
2017
2018
2019
2020
2021
MEDIAN sales price $249,000
$263,000
$289,000
$399,000
$308,750 $232,000 $175,000
$62,000
2017
$84,500
$96,750
2018
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
108
177
(132) DAYS
(319) 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 1/1/2017 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
182
111
2018
177
115
2019
172
123
2020
128
6
94
ACTIVE listings 2017
14
2019
10
2020 2021
15
72
2018
11
150
2021
87
UNITS sold
49 40 21 39
2021 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
27%
$400,000 - $599,000
51%
$600,000 - $799,000
18%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
1%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
1%
TOTAL GROSS* sales volume IN LOLO
2017
$48,087,522
2020
2021
$39,206,666 $33,216,014
2018
2019
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.
$37,310,066
$49,498,288
LOLO
real estate trends Residential
Land
AVERAGE sales price
$520,203
$286,633
$290,865
$146,725
$155,000
2017
2018
$327,806
$375,608
$188,660 $137,182
$129,127
2019
2020
2021
MEDIAN sales price $265,500
$268,000 $112,000
$305,000
$84,000
$460,000
$345,000
$119,900
$160,000
$107,500
2017
2018
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
81
236
(84) DAYS
(218) 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 1/1/2017 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
1422
2017
1376
2018
2126
1408
2019
2068
2197
2020
1541
162
1525
2017
581
2018
586
2019
138
1838
2021
1316
152
ACTIVE listings
553
2020
183
479
2021
232
375
2021 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
32%
$400,000 - $599,000
42%
$600,000 - $799,000
15%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$727,862,174
IN MISSOULA
$475,805,450
$512,655,992
$451,394,547
2017
2018
2019
2020
2021
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.
$649,638,482
MISSOULA
real estate trends Residential
Land
AVERAGE sales price
$512,913
$302,251
$325,754
$346,249 $182,154
$142,067
$392,980 $240,745
$227,883
2020
2021
$170,171
2017
2018
2019
MEDIAN sales price $268,125
$297,220
$96,250
$90,000
2017
2018
$315,000
$450,000
$350,000
$117,750
$135,000
$132,500
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
77
273
(93) DAYS
(430) 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 1/1/2017 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
178
568
2018
214
2017
334
2018
339 305
2020
99
276
ACTIVE listings
2019
101
330
2021
228
74
445
2020
236
68
494
2019
241
UNITS sold
218
2021
137
180
2021 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
26%
$400,000 - $599,000
41%
$600,000 - $799,000
17%
$800,000 - $999,000
6%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
$174,918,254
$133,547,014
TOTAL GROSS* sales volume IN STEVENSVILLE
$76,668,030 $57,605,416
2017
2018
2019
2020
2021
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 $622,573 $496,643 $283,321
$321,336
$332,931
$105,504
$106,785
$96,225
2017
2018
2019
$165,044
2020
$240,669
2021
MEDIAN sales price
$489,450
$375,000 $267,450
$286,700
$305,000 $190,000 $139,000
$58,875
$71,000
$74,250
2017
2018
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
92
146
(112) DAYS
(233) 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
Stevensville 415 Main Street Stevensville, MT 59870
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.