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Missoula County Land -May 2021

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May 2021 Monthly Market Update

Missoula County - Land

• The Average Days On Market Until Sale dropped by 62 days

compared to May 2020

• The Average Sales Price on Land rose by $105,000

• Average % of Original List Price Received rose by 2%

• Closed Sales are unchanged compared to May 2020

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 | May 2021

Missoula

County

Land

-5 +0 +$106k

Change in

New Listings

May

Change in

Closed Sales

Change in

Avg. Sales Price

Year to Date

2020 2021 +/- 2020 2021 +/-

New Listings

43

38

-5

183

306

+123

Closed Sales

29

29

0

101

203

+102

Median Sales Price

$95k

$135k

+$40k

$110k

$120k

+$10k

Average Sales Price

$104k

$210k

+$106k

$195k

$175k

-$20k

Average % of Original List Price Received

96%

98%

+2%

70%

98%

+28%

Average Days on Market Until Sale

439

377

-62

472

518

+56

Based on information from the Missoula County Association of REALTORS ®, Inc.

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