Montana Real Estate Market Stats
View Sotheby’s 2024 Resort Report
Compliments of LIV Sotheby’s International Realty, this annual Resort Report features 17 of the country’s most sought-after resort markets in the Mountain West, highlighting year-over-year performance on key metrics including Average Sold Price, Average Days on Market, and Total Dollar Volume Sold. Whether you’re looking to buy, sell, or invest, these insights can prepare you for your next move.
Some interesting points to note. Overall, stats and numbers held pretty steady with slight increases across the board. Market time saw the most change increasing to around 100-120 days for most markets with Breckenridge holding the tightest number at 46 days. Santa Fe is the most affordable at $360/sq ft and Aspen at a whopping $3058/sq ft! Difference between list and sale sat mostly around 96/97% with 94% being the lowest. Santa Fe was at the highest with 99%.
The ski resort market continues to hold steady and grow with no signs of stopping., which is evident in Whitefish/NW Montana. For a comprehensive look at last year’s resort market stats and what to expect in the year ahead, read the full 2024 Resort Report.
Whether you’re considering purchasing a luxury retreat or selling a property in a sought-after location, staying informed is key to making the most of today’s dynamic real estate market. With 36+ years of real estate experience, Debbie Maue and her team are a valuable resource every step of your journey.
This year’s report highlights a surge in demand for resort properties, with increasing interest in vacation homes, investment properties, and lifestyle-driven real estate. From breathtaking mountain estates to serene lakeside retreats, Sotheby’s 2024 Resort Report offers a comprehensive look at pricing trends, buyer preferences, and the hottest markets to watch. As a buyer, these insights will guide you to make informed decisions in finding the perfect property that matches your lifestyle and goals.
Whitefish Stats – Winter 2024
The current population estimate of Whitefish is 8915 which is a 13% increase over the 2020 census. A slight slowdown of the 13% increase from the 2020 census of 18%. This does NOT account for 2nd homes and part-time residents. Short-term rental permits dropped from 66 issued in 2022 to 64 in 2023.
When it comes to Montana real estate market stats, Inventory is still pretty slim here. 229 active compared to 257 last year and 286 in 2019. Market times are up slightly at about 115 days (down from 123 last month) vs. 97 last year and 131 in 2019. List price vs. sale price is tighter at 98.9 (94.7 last month) compared to 96.3 last year and 96 in 2019. We are at 19 months of inventory which is up a fair amount from 10 last year and 15 in 2019.
I’d attribute that mainly to lack of much “new” property to choose from and rates with buyers holding still out a bit. Although, all conversations seem to indicate we might see close to 6% towards the end of the year but no conversations I’ve heard of going below that for anytime soon. Last-Average sale price. $1.215.168 (down from $1.6m last month) from $1.122.920 last year and $960.500k in 2019. (4th Quarter Micro Report is down below)
The Whitefish Building Department saw 63 new residential units which was 1/5th of the units in 2020. Commercial development saw only 5 new buildings which was a drop from 2022 but an increase over only 1 unit in 2021. New subdivision activity increased with 55 new lots approved for preliminary plats and 35 new lots created with final plat.
Sotheby’s Sought After Resort Market
From Colorado to California, LIV Sotheby’s International Realty’s annual Resort Report features 17 of the country’s most sought-after resort markets in the Mountain West, highlighting year-over-year performance on key metrics including Average Sold Price, Average Days on Market, and Total Dollar Volume Sold. Whether you’re looking to buy, sell, or invest, these insights can prepare you for your next move.
The ski resort market continues to hold steady and grow with no signs of stopping, which is evident in Whitefish/NW Montana. For a comprehensive look at last year’s resort market stats and what to expect in the year ahead, read the full 2024 Resort Report.
The Sotheby’s International Realty 2024 Luxury Outlook
The Sotheby’s International Realty® 2024 Luxury Outlook report overviews industry trends in high-end residential markets around the world and highlights what you can expect in the year ahead.
As buyers are acclimating to the new normal of higher interest rates, high-end home seekers are expanding their searches to more parts of the globe. In this report, we explore topics from emerging markets including Saudi Arabia and Mexico City to the newest tech tools currently disrupting the real estate industry.
We know buyers and sellers want to spend—and earn money—wisely, and staying well-informed is just the way to do it.
Seasoned, Service Oriented Professionals
If you’re a property owner considering selling, working with a proven expert makes all the difference. Debbie Maue, a top listing agent with over 36 years of experience in the northwest Montana luxury market, is renowned for her unmatched expertise and client-first approach. Debbie will help you navigate every step of the selling process, from positioning your property strategically to attracting buyers to closing the deal with confidence.
With her deep local knowledge, global connections, and dedication to providing exceptional service, Debbie ensures a seamless selling experience, maximizing the value of your property in today’s competitive market.
Whether you’re looking to buy or sell, now is the perfect time to explore the opportunities in Montana real estate.
Contact Debbie Maue and her team today to begin your journey with seasoned, trusted professionals dedicated to guiding you through each step of the process.