Kalispell Market Report: Residential Homes - November 2021

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

Following is an overview of the Kalispell Montana real estate results for the residential market as of November 2021. This report covers the entire residential market, including single family homes, townhouses, condominiums and manufactured homes.

 

The Kalispell residential market remains a sellers market.

 

 
Sales Volume

In the month of November 2021, there were 113 residential sales in Kalispell which is 6% less than last year and 21% more than last month. There are currently 165 homes under contract, which is 20% fewer than last month. Looked at another way, the sum of homes sold and homes pending (under contract) was 306 in October and 278 in November. That data point might suggest a slight softening of demand.

 

As of the end of November 2021, there have been 5% fewer year-to-date sales in Kalispell than there were at the same time last year. This is another small sign that the market may be slowly moving more towards a balanced market.  

 

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

 

Inventory

In terms of available homes on the market, inventory is 16% lower than the previous month, which is the third month of decreasing homes on the market. At this time last month, there were 108 residential homes on the market and now there are 91. Luckily, if you are a buyer there are still options. And if you are a seller, it is still a seller's market.

 

Of the homes currently available, eight are condominiums, two are townhouses, two are manufactured homes and the rest are single family homes.

 

In the past twelve months, 1,227 residential homes sold in Kalispell which is an average of 102 per month. With 91 homes currently for sale, that means there is slightly less than one month of inventory currently available. That is another indicator that it is remains a seller's market. Four or five months of inventory would equate to a balanced market.

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

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

For most of 2021, median price points in Kalispell have fluctuated between $400-500K. November was on the higher end of the spectrum, with a median price point of $485K.

 

Another interesting fact is that 23% of all homes currently on the market have had price decreases. Which does point, even with the higher November price point, to slightly softer prices.

Kalispell Market Report: Residential Homes - November 2021 bar chart of sale 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 November was an 850 square foot manufactured home that was listed as "needing some love." It sold for less than $170K. The most expensive home was a nine bedroom, nine bath 6,100+ square foot home on 42 acres. This home sold for under $2M.

 

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 a strong sellers market, but there continue to be some signs of the market slowly inching towards a more balanced one.

 

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. Also 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.

 

Previous Kalispell MT market reports can be found here.

 

Originally published at thehousekat.com.

 

Comments (25)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Kat - I just saw a report that prices continued to rise in the west unlike the northeast.

Dec 11, 2021 11:54 AM
Kathy Streib
Cypress, TX
Retired Home Stager/Redesign

Hi Kat- inventory is low and with the beautiful views and lifestyle that Kalispell has to offer, it's easy to see why.  

Dec 11, 2021 12:28 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Is real estate different in Montana than in it was in New York or basically the same? I've been wanting to ask your perspective for some time Kat 😊

Dec 11, 2021 03:40 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Kat Palmiotti,  As you know, there will be serious buyers looking this time of year and you are the Broker to make their dreams come true!  Happy Saturday.

Dec 11, 2021 04:28 PM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

The last few years have been very busy Ron and Alexandra Seigel - people have been finding us!

Ed Silva - I can only imagine what we'll say this time next year!

Thank you for stopping by Rocky Dickerson !

Dec 12, 2021 04:35 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Grant Schneider - they have risen in the last few years; I'm not sure they still are, but we'll see in a few months when we look back!

Kathy Streib - It's truly heaven for some.

 

Dec 12, 2021 04:36 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Paul S. Henderson, REALTOR®, CRS - the process for real estate is MUCH different, and I am much happier with the Montana process. Much faster, dates actually mean something, you go under contract with accepted offer, etc etc. In terms of real estate itself, property taxes are much less in MT, so that's a plus. And as for the actual inventory/etc - it's all local and is definitely not the same. I'm enjoying real estate here a lot more than I did in the east. :-)

Dec 12, 2021 04:39 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Thank you Sheri Sperry - MCNE® and you are right about serious buyers and sellers being out now!

Dec 12, 2021 04:40 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

Great overview of the Kalispell Real Estate residential home market. You're knowledge of the area and experience in selling Real Estate makes you the right choice to represent buyers and sellers in the area!

Dec 12, 2021 05:42 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Great analysis, Kat... I don't see a trend towards a more balanced market in my area. We've got parts of the Greater Charlotte area that have barely a half months of inventory.... long road to becoming a balanced market here.

Dec 12, 2021 06:34 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Thank you for your perspective on the Montana Real Estate and how you feel Montana has some advantages. I thank you for your candor Kat 🙂

Dec 12, 2021 07:39 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Kat and Thank You for your market report of what is on the market in your area.  Hope you are not getting much snow.

 

Dec 12, 2021 09:14 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

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

Nina Hollander, Broker - I can definitely understand that!

You're quite welcome, Paul S. Henderson, REALTOR®, CRS !

Hi Will Hamm - Nah, a few inches here and there. Just took a nice long walk in the forest - saw an entire herd of elk. How amazing.

Dec 12, 2021 01:08 PM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You are definitely on top of what is going on in the Kalispell market and anyone that gets the chance to work with the House Kat is lucky!

Dec 13, 2021 06:03 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Monday morning, Kat.

Take care, be safe and have a productive week.

Dec 13, 2021 06:36 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - lower inventory causes many people to consider new construction. You had a dream and you made your move to Montana successfully. When it comes to moving, buying, selling, new construction, or pre-existing, nobody knows and understands people and the process more than you. 

Dec 13, 2021 08:01 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Thank you Brian England !

I hope your week is wonderful also Roy Kelley !

Patricia Feager, MBA, CRS, GRI,MRP - Thank you! ❤️

Dec 13, 2021 06:20 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good Tuesday morning, Kat.

Take care, be safe and have an outstanding week.

Dec 14, 2021 06:52 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello kat  and thanks for the great information for us here in the Rain.  Make it a super day!

Dec 14, 2021 11:09 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Thank you Roy Kelley - I hope your day went well also!

Thank you Will Hamm - it was good to see you on the call today!

Dec 14, 2021 03:46 PM