Great Falls October 2024 Home Sales:

• 17 homes went under contract in Great Falls. This is up 112% from the same time period in 2023. 

• 50% of the homes went to settlement in October 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $2,071,851 (up 33% from the same time period in 2023 when it was $1,552,499).

• 8 homes came on the market. That is down 27% from October 2023.

• Homes that sold (closed) averaged 25 days on market, 15 days slower than October 2023.

• There is currently a 2.3 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 34 Great Falls homes for sale (townhouse, condo and single-family).

OVERALL: Great Falls is a Seller’s Market.  We saw a decrease in the number of homes coming on the market and the number going under contract in October.  Overall inventory was also down from last month, and was down 23% year-over-year.  Average sold price decreased but was up from this time last year. 

When we segment this market out by price…there is a 1.9 month supply of homes over $1.5 Million (moving toward a buyers market), but in the under $1.5 Million price range – there is a 0.5 month supply therefore a more aggressive Seller’s Market.

Great Falls September/Q3 2024 Home Sales:

• 24 homes went under contract in Great Falls. This is up 71% from the same time period in 2023. 

• 45% of the homes went to settlement in September 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $2,286,521 (up 39% from the same time period in 2023 when it was $1,639,827).

• 24 homes came on the market. That is up 41% from September 2023.

• Homes that sold (closed) averaged 39 days on market, 14 days slower than September 2023.

• There is currently a 3.2 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 52 Great Falls homes for sale (townhouse, condo and single-family).

Additional 3rd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 27% ($2,190,348 vs $1,721,214)

Total units sold decreased by 20%

Average sales price to original list price ratio increased just slightly – 98.2% vs 98.1%

OVERALL: Great Falls is a Seller’s Market.  We saw an increase in the number of homes coming on the market and the number going under contract in September.  Overall inventory was also up just from last month, and was up 4.6% year-over-year.  Average sold price increased and was up from this time last year. 

When we segment this market out by price…there is a 3.0 month supply of homes over $1.5 Million (moving toward a buyers market), but in the under $1.5 Million price range – there is a 1.1 month supply therefore a more aggressive Seller’s Market.

Great Falls August 2024 Home Sales:

• 10 homes went under contract in Great Falls. This is down 33% from the same time period in 2023. 

• 43% of the homes went to settlement in August 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $2,052,500 (up 22% from the same time period in 2023 when it was $1,684,392).

• 13 homes came on the market. That is up 8% from August 2023.

• Homes that sold (closed) averaged 29 days on market, equal to August 2023.

• There is currently a 3.1 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 44 Great Falls homes for sale (townhouse, condo and single-family).

OVERALL: Great Falls is a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in August.  Overall inventory was basically unchanged from last month, and was up 13% year-over-year.  Average sold price decreased slightly but was up from this time last year. 

When we segment this market out by price…there is a 3.2 month supply of homes over $1.5 Million, but in the under $1.5 Million price range – there is a 0.8 month supply therefore a more aggressive Seller’s Market.

Great Falls July 2024 Home Sales:

• 21 homes went under contract in Great Falls. This is up 40% from the same time period in 2023. 

• 50% of the homes went to settlement in July 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $2,159,436 (up 19% from the same time period in 2023 when it was $1,815,359).

• 22 homes came on the market. That is down 12% from July 2023.

• Homes that sold (closed) averaged 65 days on market, 52 days slower than July 2023.

• There is currently a 3.2 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 45 Great Falls homes for sale (townhouse, condo and single-family).

OVERALL: Great Falls is a Seller’s Market.  We saw a slight increase in the number of homes coming on the market and going under contract in July.  Overall inventory was basically unchanged from last month, but  was up 10% year-over-year.  Average sold price decreased but was was from this time last year. 

Great Falls June/Q2 2024 Home Sales:

• 14 homes went under contract in Great Falls. This is down 48% from the same time period in 2023. 

• 64% of the homes went to settlement in June 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $1,589,551 (down 14% from the same time period in 2023 when it was $1,854,263).

• 21 homes came on the market. That is down 16% from June 2023.

• Homes that sold (closed) averaged 11 days on market, 5 days faster than June 2023.

• There is currently a 2.9 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 44 Great Falls homes for sale (townhouse, condo and single-family).

Additional 2nd Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 16% ($1,968,603 vs $1,699,211)

Total units sold increased by 3%

Average sales price to original list price ratio decreased – 99.0% vs 99.9%

OVERALL: Great Falls is a Seller’s Market.  We saw an increase in the number of homes coming on the market but the number going under contract in June decreased.  Overall inventory was up just from last month, and was up 2% year-over-year.  Average sold price decreased and was down from this time last year. 

When we segment this market out by price…there is a 3.9 month supply of homes over $1.5 Million, but in the under $1.5 Million price range – there is a 0.5 month supply therefore a more aggressive Seller’s Market.

Great Falls May 2024 Home Sales:

• 19 homes went under contract in Great Falls. This is down 30% from the same time period in 2023. 

• 64% of the homes went to settlement in May 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $1,950,500 (up 25% from the same time period in 2023 when it was $1,556,047).

• 17 homes came on the market. That is down 39% from May 2023.

• Homes that sold (closed) averaged 42 days on market, 18 days slower than May 2023.

• There is currently a 2.7 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 40 Great Falls homes for sale (townhouse, condo and single-family).

OVERALL: Great Falls is a Seller’s Market.  We saw a decrease in the number of homes coming on the market and going under contract in May.  Overall inventory was also down just slightly from last month, and was down 17% year-over-year.  Average sold price decreased but was up from this time last year. 

When we segment this market out by price…there is a 3.2 month supply of homes over $1.5 Million, but in the under $1.5 Million price range – there is a 0.6 month supply therefore a more aggressive Seller’s Market.

Great Falls April 2024 Home Sales:

• 24 homes went under contract in Great Falls. This is up 26% from the same time period in 2023. 

• 45% of the homes went to settlement in April 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $2,330,241 (up 39% from the same time period in 2023 when it was $1,675,141).

• 28 homes came on the market. That is up 8% from April 2023.

• Homes that sold (closed) averaged 36 days on market, 19 days slower than April 2023.

• There is currently a 2.8 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 42 Great Falls homes for sale (townhouse, condo and single-family).

OVERALL: Great Falls is a Seller’s Market.  We saw a slight increase in the number of homes coming on the market and going under contract in April.  Overall inventory was also up from last month, but was down 2% year-over-year.  Average sold price increased and was up from this time last year. 

When we segment this market out by price…there is a 3.5 month supply of homes over $1.5 Million, but in the under $1.5 Million price range – there is a 1.7 month supply therefore a more aggressive Seller’s Market.

Great Falls March/Q1 2024 Home Sales:

• 22 homes went under contract in Great Falls. This is down 4% from the same time period in 2023. 

• 73% of the homes went to settlement in March 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $1,654,026 (up 18% from the same time period in 2023 when it was $1,398,863).

• 18 homes came on the market. That is down 22% from March 2023.

• Homes that sold (closed) averaged 11 days on market, 7 days slower than March 2023.

• There is currently a 2.1 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 32 Great Falls homes for sale (townhouse, condo and single-family).

Additional 1st Quarter-End Stats – 2024 vs 2023:

Average sold price increased by 31% ($2,307,196 vs $1,765,527)

Total units sold was unchanged

Average sales price to original list price ratio decreased – 99.7% vs 100.8%

OVERALL: Great Falls is a Seller’s Market. We saw an decrease in the number of homes coming on the market in March.  Overall inventory was also down from last month, as well as down 22% year-over-year.  Average sold price was down from February, but up from this time last year.

When we segment this market out by price…there is a 3.3 month supply of homes over $1.5 Million, but in the under $1.5 Million price range – there is a 0.8 month supply therefore a more aggressive Seller’s Market.

Great Falls February 2024 Home Sales:

• 12 homes went under contract in Great Falls. This is down 8% from the same time period in 2023. 

• 54% of the homes went to settlement in February 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $3,130,227 (up 42% from the same time period in 2023 when it was $2,198,125).

• 29 homes came on the market. That is up 26% from February 2023.

• Homes that sold (closed) averaged 13 days on market, 5 days slower than February 2023.

• There is currently a 2.3 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 37 Great Falls homes for sale (townhouse, condo and single-family).

OVERALL: Great Falls is a Seller’s Market. We saw an increase in the number of homes coming on the market and going under contract in February.  Overall inventory was up from last month, but was down 12% year-over-year.  Average sold price was up from January as well as from this time last year.

There is still a difference when we segment this market out by price…there is a 3.8 month supply of homes over $1.5 Million, but in the under $1.5 Million price range – there is a 0.5 month supply therefore a more aggressive Seller’s Market.

Great Falls January 2024 Home Sales:

• 8 homes went under contract in Great Falls. This is unchanged from the same time period in 2023. 

• 38% of the homes went to settlement in January 2024 sold in 10 days or less from when they hit the market.  

• Average sold price was $1,867,879 (up 17% from the same time period in 2023 when it was $1,589,174).

• 10 homes came on the market. That is down 52% from January 2023.

• Homes that sold (closed) averaged 52 days on market, 31 days slower than January 2023.

• There is currently a 1.5 months supply of homes (remember, in a balanced market - the demand from buyers equals the supply from sellers - there is a 5-6 months supply) in Great Falls – and 22 Great Falls homes for sale (townhouse, condo and single-family).

OVERALL: Great Falls is a Seller’s Market.  2024 started with a slight increase in the number of homes coming on the market but the number going under contract compared to year-end 2023 was down.  Overall inventory was basically unchanged from last month and was down 17% year-over-year.  Average sold price was down from December but was up year-over-year.

There is still a difference when we segment this market out by price…there is a 3.1 month supply of homes over $1.5 Million, but in the under $1.5 Million price range – there is a 1.3 month supply therefore a more aggressive Seller’s Market.