A Look at Home Sales in Flathead County

Year-Over-Year Sales in Flathead County

Flathead Valley Brokers

The real estate market in Flathead County has seen some notable changes from 2023 to 2024, as reflected in the latest sales data for single-family homes, condos, and townhouses. Let’s take a closer look at how the market has shifted over the past year.

Single-Family Homes: A Steady Market with Increased Sales

The single-family home sector experienced growth in total sales, rising from 1,100 in 2023 to 1,164 in 2024. This increase suggests a steady demand for detached homes in the region. Additionally, the median sales price saw a notable increase from $638,000 to $680,000, indicating a competitive market with appreciating property values. However, homes took slightly longer to sell, with the average days on the market increasing from 101 to 107.

Condos: A Dip in Sales and Prices

The condo market, on the other hand, experienced a decline in total sales, dropping from 199 in 2023 to 133 in 2024. Alongside this decrease, the median sales price also fell from $590,000 to $547,500. Despite these changes, the time to sell a condo improved, with the average days on the market dropping from 187 to 168, suggesting that well-priced properties are still attracting buyers efficiently.

Townhouses: Mixed Trends with a Notable Price Drop

The townhouse market saw an increase in total sales, rising from 127 in 2023 to 155 in 2024. However, the most significant shift came in the median sales price, which dropped from $525,500 to $418,312. This price correction may indicate a shift in demand or an increase in the availability of more affordable townhome options. The time on the market improved, with the average dropping from 130 days to 104 days, suggesting that buyers are responding favorably to the adjusted pricing.

Key Takeaways from the Flathead Valley Market

• Single-family homes remain strong, with increasing prices and steady demand.
• Condos saw a decline in both sales and pricing, but the time on the market improved.
• Townhouses had more sales but saw a significant price decrease, making them a potentially attractive option for buyers looking for affordability.

Overall, the real estate market in Flathead County is experiencing shifts across different types of housing. With rising single-family home prices, more affordable townhouses, and shifting condo trends, buyers and sellers alike will need to keep a close eye on market conditions as 2025 progresses.