February 2021 - Missoula County - Land

ERA LAMBROS LOCAL MARKET UPDATE
ERA Lambros
Missoula County Monthly Market Update
LAND
• The average number of Days on Market is down 44% in
February and down 44% year to date.
• New Listings are down 12%
• Closed Sales are up 79%
• The Average Sales Price is up 18% in February and down
5% year to date
• 99% of the Original Listing Price is received at closing
3011 American Way Missoula, MT 59808
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330
WWW.ERALAMBROS.COM

Local Market Update | February 2021
Missoula
County
Land
-12% +79% +18%
Change in
New Listings
February
Change in
Closed Sales
Change in
Average Sales
Price
Year to Date
2020 2021 +/- 2020 2021 +/-
New Listings 49 43 -12% 87 93 +7%
Closed Sales 19 34 +79% 35 62 +77%
Median Sales Price $110K $118K +7% $119K $179K +50%
Average Sales Price $143K $169K +18% $188K $179K -5%
Avg. % of Original List Price Received 93% 99% +6% 91% 97% +6%
Average Days on Market Until Sale 637 356 -44% 689 383 -44%
Based on information from the Missoula County Association of REALTORS®, Inc. for the period of 01/01/2020 through 2/28/2021.