March 2021 - Missoula Land
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ERA LAMBROS LOCAL MARKET UPDATE<br />
ERA Lambros<br />
<strong>Missoula</strong> County Monthly Market Update<br />
LAND<br />
• The average number of Days on Market is down 19% in<br />
<strong>March</strong> and down 25% year to date.<br />
• New Listings are down 3%<br />
• Closed Sales are up 167%<br />
• The Average Sales Price is up 2% in <strong>March</strong> and up 5%<br />
year to date<br />
• 97% of the Original Listing Price is received at closing<br />
3011 American Way <strong>Missoula</strong>, MT 59808<br />
Office: (406) 532-9200|Toll Free: (888) 735-7653| Fax: (406) 532-9330<br />
WWW.ERALAMBROS.COM
Local Market Update | <strong>March</strong> <strong>2021</strong><br />
<strong>Missoula</strong><br />
County<br />
<strong>Land</strong><br />
-3% +167% +3%<br />
Change in<br />
New Listings<br />
<strong>March</strong><br />
Change in<br />
Closed Sales<br />
Change in<br />
Average Sales<br />
Price<br />
Year to Date<br />
2020 <strong>2021</strong> +/- 2020 <strong>2021</strong> +/-<br />
New Listings 29 28 -3% 116 120 +3%<br />
Closed Sales 24 64 +167% 59 125 +112%<br />
Median Sales Price $102K $100K -2% $110K $120K +9%<br />
Average Sales Price $149K $154K +3% $172K $167K -3%<br />
Avg. % of Original List Price Received 95% 97% +2% 92% 97% +5%<br />
Average Days on Market Until Sale 129 105 -19% 157 117 -25%<br />
Based on information from the <strong>Missoula</strong> County Association of REALTORS®, Inc. for the period of 01/01/2020 through 3/31/<strong>2021</strong>.
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