Ravalli County_LAND_May2021

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.