Lake County_LAND_May2021

May 2021 Monthly Market Update
Lake County- Land
• The Average Days On Market Until Sale dropped by 581 days
compared to May 2020
• The Average Sales Price on Land rose by $68,000
• Average % of Original List Price Received rose by 6%
• Closed Sales are up 24 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
Lake
County
Land
+3 +24 +68k
Change in
New Listings
May
Change in
Closed Sales
Change in
Avg. Sales Price
Year to Date
2020 2021 +/- 2020 2021 +/-
New Listings
55
58
+3
159
236
+77
Closed Sales
18
42
+24
69
216
+147
Median Sales Price
$93k
$112k
+$19k
$80k
$89k
+$9k
Average Sales Price
$143k
$211k
+$68k
$168k
$154k
-$14k
Average % of Original List Price Received
92%
98%
+6%
84%
97%
+13%
Average Days on Market Until Sale
843
262
-581
643
367
-276
Based on information from the Missoula County Association of REALTORS ®, Inc.