Kalispell Market Report: Residential Homes - September 2021

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 September 2021. This report covers the entire residential market, including single family homes, townhouses, condominiums and manufactured homes.

 

The Kalispell residential market continues to be a sellers market. That being said, there are signs for the fifth month in a row that the market is slowing down slightly.

 

 

 
Sales Volume

In the month of September 2021, there were 99 residential sales in Kalispell which is just slightly more than last month and 43% less than last year. There are currently close to 194 homes under contract, which is also just slightly more than last month.

 

As of the end of September 2021, there have been 906 year-to-date sales in Kalispell, which is 3% less than the same time last year. This is another small sign that the market is slowly moving more towards a balanced market.  

 

Kalispell Market Report: Residential Homes - September 2021 line chart of total sales
 
 

 

Inventory

In terms of available homes on the market, inventory is 15% lower than last month, which broke a four month cycle of increasing homes on the market. At this time last month, there were 182 residential homes on the market and now there are 154. Luckily, if you are a buyer there are still plenty of options. And if you are a seller, it is still a seller's market.

 

Of the homes currently available, 11 are condominiums, one is a townhouses, 11 are manufactured homes and the rest are single family homes. In the past twelve months, 1,248 residential homes sold in Kalispell which is an average of 104 per month. With 154 homes currently for sale, that means there are about 1.5 months of inventory currently available. That remains approximately the same as last month's results.

 

Kalispell Market Report: Residential Homes - September 2021 line chart of active and under contract  

 

Because Kalispell is still experiencing a seller's market, buyers must be ready to make a strong offer as soon as they find a home they love! There are still multiple offers on appropriately priced homes.

 

Median Sales Prices

Kalispell median sales prices were 14% lower in September than in August. The median sales price for September 2021 was $430,000 which was 23% higher than last year but as mentioned lower than last month. While median prices continue to outperform 2020, prices may be settling down.

 

Another hint to the changing market is that 34% of all homes currently on the market have had price decreases. Next month's results will let us know whether lower sales prices are the beginning of a trend, or just a monthly blip.  

 

Kalispell Market Report: Residential Homes - September 2021 bar chart of sales 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 September sold for less than $180K. The property contained a 640 square foot 1 bedroom home and a 1,000 square foot mobile home; both needed TLC.

 

The most expensive home was a nearly 9,000 square foot home on the river with mountain views, a detached barn with living space, arena, paddocks, shop and more. This home sold for under $3M.

 

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

 

Summary

The residential real estate market in Kalispell Montana continues to be strong. Based on recent price reductions and median price decreases, the market appears to be settling down. The next report should continue to be interesting.

 

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, or 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.

 

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 (14)

Jim Patton
Aspire Home Real Estate 209-404-0816 - Modesto, CA
Realtor - Stanislaus ,Merced, San Joaquin Counties

Great market report Kat Palmiotti buyers and sellers should be looking to you for their real estate needs.

Oct 13, 2021 02:27 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kat,

Another great market report.  I hope this easy to read and succinct market reports catches the eye of either a buyer or seller.  Happy Wednesday.  A

Oct 13, 2021 02:46 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Thank you Jim Patton !

Ron and Alexandra Seigel - Thank you!

Oct 13, 2021 03:25 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Kat- Thank you for another excellent market report for Kalispell!  You have really become the expert in your area. 

Oct 13, 2021 06:05 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Kat,
Thank you for sharing this real estate market report.  Buyers and sellers in your area will benefit from this report.
Wishing you continued success.
Bob

Oct 13, 2021 08:58 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Kathy Streib - I appreciate your comment!

Thank you Bob Crane !

Oct 14, 2021 04:41 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great, easy to understand report on the Kalispell market, Kat. We are not seeing your trend of a move to a more balanced market at my end as yet. Most areas still have less than one month of inventory.

Oct 14, 2021 05:21 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your video with the market report is so good!  I am sure people will enjoy watching it to find out what the state of the market is.

Oct 14, 2021 05:30 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Kat, That low inventory of Kalispell Residential homes seems to be in line with so many other areas around the country. Buyers and sellers can learn so much from your market reports.

Oct 14, 2021 05:34 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your excellent local real estate market reports.

Oct 14, 2021 07:47 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Nina Hollander, Broker - We aren't too much more than a month of inventory, but the signs are definitely pointing to an improving market (for buyers).

Thank you Brian England !

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 - Thank you!

Thank you Roy Kelley - Enjoy your day!

Oct 14, 2021 07:54 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Kat, great market report for Kalispell's housing market.   Interesting you are seeing a shift to a balanced market.   That would be so nice! 

Oct 15, 2021 09:40 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I don't know how I missed this earlier but your knowledge is always my benchmark for what I look at in a market sales report. You set the bar very high my friend Kat 🙂 

Oct 22, 2021 09:19 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Thank you Joan Cox !

Paul S. Henderson, REALTOR®, CRS - and thank you so much for your kind words!

Oct 22, 2021 12:17 PM