Have you been considering Missoula real estate for sale? This college city, which is home to 72,000 adventurers, dreamers, creatives, and innovators, is a beautiful place to call home. It’s been recognized by Outside Magazine time and time again among the best towns in America. With public lands reaching out in every direction, you couldn’t grow bored of this Rocky Mountain wilderness even if you had ten lifetimes to spend wandering. With a bustling urban center, Missoula also supports a diversified and growing economy. And the real estate market is healthy!
According to data supplied by the Missoula Organization of Realtors, the local market is showing signs of strength and growth as we move out of winter. Last month, agents in the Missoula urban area sold 75 residential properties, compared to 63 properties in February of last year and 54 in February 2016. Over the last five years, this growth trend has proved to be stable, with February sales increasing by 33 percent since 2013. Property values are also increasing, according to the MOR data. Over the last five years, the February median sale price in the Missoula urban area has increased by 40 percent.
This is great news for Missoula homeowners who are interested in listing: their properties have only gained value over the last few years. But these trends are also good news for anyone interested in acquiring Missoula area property. Every metric demonstrates that Missoula real estate is an excellent investment.
As of early March, there were nearly 400 residences for sale in Missoula County, and just under 450 land listings. In the surrounding counties—Central/North Ravalli, Mineral, Sanders, Granite, Powell, and Deerlodge—there were just over 600 active residential listings and just over 1,000 land listings! Which means there’s Missoula real estate for sale out there to fit your Montana dream, whatever it may be. Call our local office today, or browse Missoula real estate online.
PHOTO: Missoula real estate for sale, featuring 2992 Woodland Avenue. For more information, contact Jennifer Ogren at (406) 396-5544