Kalispell Real Estate Market - December 2020

By
Real Estate Broker/Owner with 406-270-3667, kat@thehousekat.com, Broker, eXp Realty RRE-BRO-LIC-75443

Following is an overview of the Kalispell Montana real estate results for the residential market as of December 2020. This report covers the entire residential market, including single family homes, townhouses, condominiums and manufactured homes. 

 

 

The Kalispell residential market had a very strong 2020 in terms of both sales and price points.

 
Sales Volume

In the month of December 2020, there were 113 residential sales in Kalispell. That result is 69% higher than the same time last year and slightly lower than November. As can be seen by the chart below, sales typically slow down in the October period and stay relatively low for the next three or four months. And while sales in the final three months of 2020 were slower than the late spring and summer, they were still very strong overall. In fact, in 2020, 30% more homes sold than in 2019.

 

Also, there are currently 197 homes under contract, which is 11% fewer than last month. The important note is that many of those homes should be closing in January, so I do believe January 2021 will remain strong.

Kalispell Real Estate Market - December 2020 line chart of sales
 
Inventory

In terms of inventory, inventory continues to shrink. There are currently only 109 residential homes on the market, which is 12% lower than last month. Of the homes currently available, 12 are condominiums, seven are townhouses, eight are manufactured homes and the rest are single family homes.

 

In the past twelve months, 1,287 residential homes sold in Kalispell, an average of 107 per month. That means there is only one month of inventory currently available. Without a doubt, Kalispell continues to experience a sellers market and the inventory of available homes is very low. That remains good news for sellers!

 

Kalispell Real Estate Market - December 2020 line chart of active and under contract

 
Median Sales Prices

Median sales prices remained stronger than the previous year. The median sales price for December 2020 was $325,000 which was 5% higher than the same time last year but lower than the previous month. The percentage of condominiums, townhouses and manufactured homes that sold in December increased by 14%, and the percentage of single family homes decreased by the same amount. Since single family homes typically sell for higher amounts than the other types of homes, it is no wonder the median price point is lower from the previous month.

Kalispell Real Estate Market - December 2020 bar chart of median prices

 
Type of homes being sold

To get an idea of the types of homes that are selling in Kalispell, the lowest priced home that sold in December sold for right around $160K. It was a three bedroom, two bath, ~1,200 square foot manufactured home on a quarter acre lot on the east side of Kalispell.

 

The most expensive home was a 3,900 square foot home on 20 acres of land. The property provided panoramic views of the Swan Range, farm land and came with a private pond. That sold for close to $1.4M.

 

Kalispell has just about any kind of property you can imagine. Brand new four bedroom homes, large luxury homes, manufactured homes, small off-the-grid cabins and everything in between!  

 

Summary

The residential real estate market in Kalispell Montana experienced an extremely healthy 2020. If you have any specific questions about Kalispell or any other part of the Flathead Valley or would like to see the market data for a specific residential segment, feel free to contact me.

 

If you are wondering what you might be able to get for your Montana home, check out this online home evaluator. And if you need help selling your home or finding that perfect new home to purchase, call me! I can be reached at 406-270-3667 or kat@thehousekat.com.

 

For more information on Kalispell, Montana, feel free to read this overview.

 

Previous Kalispell MT market reports can be found here.

 

Originally published at thehousekat.com.

Posted by

Licensed Broker, CBR®

 

eXp Realty LLC

P.O. Box 10458

Kalispell, MT 59904

 

email: kat@thehousekat.com

www.thehousekat.com

 

406-270-3667 (MT)

 

facebook    Kat's Homes

 

 

Comments (20)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kat,

Well done!  It looks like many folks are moving your way, no doubt for a better quality of life.  Wishing you a delightful day!  A

Jan 05, 2021 12:21 PM
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Hi Kat, great market report for Kalispell MT real estate market.  Very clear and consise, easy to understand information.

Jan 05, 2021 01:47 PM
Brad Thomsen
Big Bear Realty - Edmonds, WA
Real Estate Services

Enjoyed your post today.

Have a Great 2021

Happy Selling!

Jan 05, 2021 04:18 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Kat- what I love about your market report for Kalispell is that in addition to the well done video, you have included an easy to read version!!!

Jan 05, 2021 05:27 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Ron and Alexandra Seigel - I wish you a wonderful evening!

Thank you Anna Banana Kruchten CRS CRB, Phoenix Broker !

 

Jan 05, 2021 06:13 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Brad Thomsen - Thank you!

Thank you Kathy Streib ! I appreciate your comment!

Jan 05, 2021 06:14 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Kat I can not convince Diane to pack up, I have been trying for years... so time will tell.... maybe I should do a similar report and give it to her in areas I am considering??:)Endre

Jan 05, 2021 10:26 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Anyone in Kalispell or with an interest in Kalispell should definitely have the House Kat on speed dial.

Jan 06, 2021 04:20 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great market report, Kat, and great video. Kalispell clearly has something for everyone when it comes to real estate.

Jan 06, 2021 04:30 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Haha, Endre Barath, Jr. - that's a great idea!

Thank you for your kind words, Brian England !

Nina Hollander - Thank you - we do have a lot of options!

Jan 06, 2021 04:49 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Residential median sales smoked 2019 in 2020 all but one month in Kalispell's market, that is awesome Kat Palmiotti 

Jan 06, 2021 01:17 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

It was awesome, Paul S. Henderson, REALTOR®, CRS ! Enjoy your Friday!

Jan 08, 2021 05:14 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Kat, for sharing your excellent local real estate reports.

Jan 15, 2021 06:34 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

And thank you Roy Kelley for stopping by! I hope you have a wonderful weekend.

Jan 15, 2021 09:49 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I hope you are enjoying a very productive month.

Take care and be safe.

Jan 24, 2021 05:47 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Thank you Roy Kelley - I hope your month is productive and safe as well!

Jan 24, 2021 06:32 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Love all of the options available in Kalispell, Kat. Your market reports are AMAZING - fantastic job!

Jan 25, 2021 12:16 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Thank you Debe Maxwell, CRS ! I appreciate that!

Jan 25, 2021 03:32 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Just wanted to stop in so do we call you the Land Kat? let us know, Endre

Jan 25, 2021 10:48 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Haha, Endre Barath, Jr. - I put my contemplation of a different name on hold temporarily. It's just Kat for now!

Jan 26, 2021 05:24 AM