How have different neighborhoods and areas of Missoula, MT changed from 2010 to 2011? How does the Missoula market look, when compared year-to-date with the same time last year? How have average prices changed? Have more homes sold this year, when compared to the same time last year?
In comparing the Missoula, MT real estate market from last year to this year, I prepared a chart showing the period from 1/1/2010 to 7/25/2010 as compared to 1/1/2011 to 7/25/2011 (all data is from the Missoula MLS). Please keep in mind that this is only a “year to date” comparison, so not all sales from last year are included. Keeping that in mind, the following chart does help to see where we are today, versus the same time last year, by neighborhood with regard to number of sale, average and median prices and the average days on the market.
| # Sold Homes | Ave. Price | Median Price | Ave. DOM | ||||||||
| 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | ||||
| Downtown | 13 | 17 | $183,992 | $160,847 | $165,000 | $143,000 | 103 | 132 | |||
| North | 19 | 17 | $175,603 | $156,593 | $171,900 | $155,900 | 190 | 108 | |||
| Central | 86 | 50 | $168,163 | $159,223 | $170,125 | $164,000 | 110 | 111 | |||
| University | 12 | 13 | $298,167 | $373,346 | $258,625 | $375,000 | 126 | 115 | |||
| Lewis & Clark / Russell | 32 | 25 | $222,489 | $209,504 | $220,050 | $206,000 | 99 | 85 | |||
| Pattee Canyon / Farviews | 18 | 13 | $312,233 | $324,808 | $289,000 | $320,000 | 98 | 184 | |||
| Rose Park / Slant Street | 19 | 14 | $235,222 | $215,407 | $199,950 | $222,000 | 119 | 101 | |||
| McCormick Park | 14 | 7 | $210,600 | $203,402 | $196,500 | $183,900 | 116 | 131 | |||
| Lower Rattlesnake | 10 | 4 | $279,050 | $290,175 | $261,500 | $257,000 | 111 | 223 | |||
| Upper Rattlesnake | 19 | 19 | $375,840 | $361,102 | $345,000 | $330,000 | 109 | 136 | |||
| South Hills | 55 | 57 | $204,073 | $200,090 | $188,900 | $186,500 | 112 | 120 | |||
| Linda Vista | 29 | 29 | $295,930 | $250,598 | $300,000 | $250,000 | 114 | 131 | |||
| Upper Miller Creek | 8 | 4 | $416,563 | $310,625 | $371,000 | $293,750 | 135 | 154 | |||
| Target Range | 26 | 14 | $278,013 | $218,971 | $282,500 | $201,000 | 126 | 176 | |||
| Big Flat | 10 | 3 | $458,134 | $446,000 | $381,000 | $550,000 | 91 | 209 | |||
| Blue Mountain | 0 | 2 | N/A | $427,000 | N/A | $427,000 | N/A | 47 | |||
| Mullan Road West | 71 | 60 | $214,485 | $229,056 | $207,500 | $215,368 | 143 | 167 | |||
| Expressway | 41 | 16 | $174,215 | $160,432 | $168,600 | $160,500 | 160 | 121 | |||
| Grant Creek | 11 | 16 | $307,400 | $278,064 | $312,000 | $280,950 | 143 | 148 | |||
| East Missoula / Riverside | 20 | 20 | $173,420 | $215,263 | $167,000 | $192,445 | 86 | 151 | |||
| Bonner / Turah / Clinton | 11 | 12 | $191,570 | $148,742 | $182,000 | $130,300 | 150 | 134 | |||
| Rock Creek | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A | |||
| “Y” to Lake County Line | 12 | 10 | $228,033 | $222,210 | $220,000 | $234,550 | 212 | 164 | |||
Please keep in mind that the descriptions of the areas are very general, if you want further clarification, please click here, or feel free to contact me.
As always, if you would like an overview of your neighborhood, or would like me to analyze active, under contracts or solds over a certain time period, please let me know and I would be happy to help.
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