FIRST HALF 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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
HISTORICAL active listing volume Residential and Land only.
$1,015,420,307
$966,449,003 $952,478,994
$936,918,560
$908,290,642 2017
2018
AVERAGE SALES PRICE
2019
2020
2021
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$430,000
$374,144,626 ($296,047,691)
(106)
85
3.00%
$125,000
$48,486,153
300
-3.50%
RESIDENTIAL
$498,195
$362,804
($326,500)
$339,853 $309,563
2017
$318,274
2018
2019
$191,657
2021 $197,903
LAND
$186,086
2020
($105,000)
$118,624
2017
(-2.00%)
($26,257,031)
(413)
(-9.00%)
$121,066
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
MISSOULA COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
712 786
2018
785
2019
816
2020
751
2021
UNITS sold
1,966
116 155
1,785 1,709
117
1,460
137
1,176
ACTIVE listings 2017
988
2018
877
2019
848
2020
641
2021
245
504
2021 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
36%
$400,000 - $599,000
38%
$600,000 - $799,000
13%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$422,630,779
IN MISSOULA COUNTY
2017
$268,610,372
$280,740,183
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.
$257,077,472
$322,304,722
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
HISTORICAL active listing volume Residential and Land only.
$785,677,145
$785,547,515
$727,639,442 $717,976,787 $684,918,168 2017
2018
AVERAGE SALES PRICE
2019
2020
2021
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$445,000
$261,891,332
117
-1.00%
$174,500
$59,678,794
183
-2.50%
RESIDENTIAL
$592,514
$389,249 $308,606
2017
$395,011
($325,000)
$322,810
2018
2019
2020
($132,328,713)
(141)
(-4.00%)
2021
LAND
$271,267
$156,439 $112,406
($120,000)
$115,634
($22,683,662)
(250)
(-10.00%)
$91,648
2017
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
RAVALLI COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
300 359
2018
347
2019
355
2020
1,780
768
2020
145
687
956
2019
100
853
1,085
2018
117
1,155
ACTIVE listings 2017
90
1,498
2021
442
UNITS sold
2021
220
622 342
2021 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
37%
$400,000 - $599,000
32%
$600,000 - $799,000
15%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
3%
$321,570,126
TOTAL GROSS* sales volume
$129,040,477
$146,633,096
$155,012,375
$100,830,430
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 FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
LAND
RESIDENTIAL UNITS sold
ACTIVE listings
UNITS sold
45
2017
187
47
2018
191
2019
56
148
2020
37
2021
51
11
2018
24
2019
186 140 96
2020 2021
18
77
2017
24
30
102
ACTIVE listings
78 28
2021 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
35%
$400,000 - $599,000
29%
$600,000 - $799,000
20%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
8%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume
$29,748,157
IN CORVALLIS
2017
$20,104,144
$16,821,625
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.
$14,906,225
$23,312,419
CORVALLIS
real estate trends Residential
Land
AVERAGE sales price
$515,848
$412,223 $359,857 $307,027
$307,068
$99,090
$99,558
2017
2018
$161,730
$131,683
2019
2020
$191,106
2021
MEDIAN sales price
$477,750
$387,500
$266,000
$275,000
$310,000
$194,250 $123,500
$72,000 $102,450
2017
2018
$118,950
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
108
211
(105) DAYS
(277) DAYS
PUREWESTREALESTATE.COM
HAMILTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
LAND
RESIDENTIAL UNITS sold
UNITS sold
ACTIVE listings 2017
87
2018
117
227
2017
330
2018
292
2019
197
2020
28
320
2021
160
17
368
2020
112
25
504
2019
95
17
640
ACTIVE listings
2021
38
143 54
2021 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
53%
$400,000 - $599,000
23%
$600,000 - $799,000
8%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
5%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
4%
$105,550,344
TOTAL GROSS* sales volume $49,162,949 $42,556,475
$44,387,385
$28,003,830
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
$592,447
$304,987
$86,466
2017
$328,475
$347,316
$386,870 $283,129
$111,311
$208,339
$164,992
2018
2019
2020
2021
MEDIAN sales price $284,900
$258,400
$249,900
$79,000
$84,000
$93,000
2017
2018
2019
$279,900
$378,500
$232,000
$117,500
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
127
215
(145) DAYS
(302) DAYS
PUREWESTREALESTATE.COM
LOLO
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
LAND
RESIDENTIAL UNITS sold
ACTIVE listings
60
2017
59
2018
59
2019
108 115 101
2021
43
6
122
2020
63
UNITS sold
10
68
ACTIVE listings 2017
4
2018
4
2019
5
2020 2021
64 39 30 15 18
2021 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
26%
$400,000 - $599,000
47%
$600,000 - $799,000
21%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
2%
TOTAL GROSS* sales volume
$25,808,611 $22,423,739
$17,955,000
$18,136,844
2017
2018
$18,822,067
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 LOLO
LOLO
real estate trends Residential
Land
AVERAGE sales price
$553,758
$290,283
$89,666
2017
$297,912
$311,221
$349,712 $199,700
$115,000
$78,300
$140,000
2018
2019
2020
2021
MEDIAN sales price $262,000
$268,900
$282,000
$323,000
$85,000
$74,000
$450,000
$205,000
$60,000
$97,500
2017
2018
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
90
265
(93) DAYS
(264) DAYS
PUREWESTREALESTATE.COM
MISSOULA
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
638
2017
648
2018
625
2019
643
2020
604
2021
UNITS sold
1,383
74 101
1,311 1,252
905
2017
389
2018
388
2019
78
1,075
ACTIVE listings
432
2020
65
316
2021
140
266
2021 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
37%
$400,000 - $599,000
49%
$600,000 - $799,000
12%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$323,749,393
IN MISSOULA
2017
$219,185,153
$226,508,641
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.
$207,729,852
$248,627,321
MISSOULA
real estate trends Residential
Land
AVERAGE sales price
$487,159
$309,584
$318,911
$336,185
$361,447
$249,488
$138,035
$124,065
2017
2018
$210,163
2019
2020
2021
MEDIAN sales price $269,000
$297,000
$92,250
$90,000
2017
2018
$210,753
$305,000
$430,000
$327,930
$118,000
$125,000
$125,000
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
78
273
(93) DAYS
(264) DAYS
PUREWESTREALESTATE.COM
STEVENSVILLE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the MRMLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
LAND
RESIDENTIAL UNITS sold 2017
73 111
2018
108
2019
93
2020
329 284 202
29
2018
36
2019
37
2020 2021
81
171
ACTIVE listings 2017
45
379
2021
113
UNITS sold
ACTIVE listings
262 251 225 150 115
2021 closed RESIDENTIAL transactions by price point
Under $199,000
2%
$200,000 - $399,000
34%
$400,000 - $599,000
39%
$600,000 - $799,000
16%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
2%
$2,000,000 and up
2%
$83,210,256
TOTAL GROSS* sales volume IN STEVENSVILLE
$37,865,912
$38,866,220
$25,413,763
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.
$37,991,942
STEVENSVILLE
real estate trends Residential
Land
AVERAGE sales price $306,710
$320,889
$318,875
$67,198
$81,834
$95,204
2017
2018
2019
$582,960
$361,413 $214,021 $142,022
2020
2021
MEDIAN sales price
$450,416
$335,000 $285,000
$285,000
$290,000 $158,793
$52,000
2017
$70,000
$74,100
2018
2019
$113,450
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
108
162
(115) 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.