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Lake County_LAND_May2021

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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.

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