Red Lodge, MT
Housing market overview · Updated weekly
$270,000median sale price
Homes sold
3
Last 12 weeks
Days on market
290
Average pace
Active listings
28
9.3 months supply
Sale-to-list
—
Below asking
The Red Lodge housing market is currently classified as a buyer's market with a median sale price of $270,000. Prices have fallen 49.4% compared to last year, with homes spending an average of 290 days on market, indicating 9.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Red Lodge?
The median home sale price in Red Lodge is $270,000, down 49.4% from last year.
How long do homes stay on market in Red Lodge?
Homes typically spend 290 days on market before going under contract.
Is Red Lodge a buyer's or seller's market?
With 9.3 months of supply, Red Lodge is currently a buyer's market.
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