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Ravalli County_LAND_May2021

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May 2021 Monthly Market Update

Ravalli County- Land

• The Average Days On Market Until Sale dropped by 178 days

compared to May 2020

• The Average Sales Price on Land rose by $39,000

• Average % of Original List Price Received rose by 6%

• Closed Sales are up 20 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

Ravalli

County

Land

+26 +20 +39k

Change in

New Listings

May

Change in

Closed Sales

Change in

Avg. Sales Price

Year to Date

2020 2021 +/- 2020 2021 +/-

New Listings

34

60

+26

194

170

+24

Closed Sales

28

48

+20

110

181

+71

Median Sales Price

$140k

$165k

+$25k

$125k

$160k

+$35k

Average Sales Price

$166k

$205k

+$39k

$160k

$216k

+$56k

Average % of Original List Price Received

93%

99%

+6%

89%

97%

+9%

Average Days on Market Until Sale

348

170

-178

419

223

-196

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

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