Living in Lewistown, MT
Lewistown, MT, is a quaint town located in the heart of Montana, known for its welcoming community and rich history. Surrounded by beautiful landscapes and outdoor recreational opportunities, this town offers a perfect blend of rural charm and modern conveniences. Residents can enjoy a variety of amenities, including shopping, dining, schools, and parks, all within a close-knit community atmosphere.
Current Market Conditions in Lewistown, MT
The real estate market in Lewistown has shown a stable growth trend over the past year, with a combination of affordable housing options and a healthy demand for homes. The area has experienced an influx of buyers looking for rural properties, leading to a competitive market where homes are being sold relatively quickly. The average home price has seen a slight increase, reflecting the steady interest in the neighborhoods and the quality of life in the town.
In recent months, the real estate market has experienced a slight dip in inventory, causing home prices to stabilize as buyers compete for a limited selection of available homes. The market remains favorable for sellers, with homes often selling above the asking price due to multiple offers. For buyers, the current market conditions require prompt action, and those interested in Lewistown should be prepared for a fast-paced buying process.
Home Value Estimator For Lewistown, MT
There are currently 3,969 real estate properties
in Lewistown, MT,
with a median automated valuation model (AVM) price
of $296,400.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lewistown, MT, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Lewistown, MT,
is $375,686.00, with the most expensive house
in Lewistown, MT, topping out
at $4,410,800.00 and the cheapest home
in Lewistown, MT,
clocking in at $19,170.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lewistown, MT!
Rent Prices
In Lewistown, MT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lewistown, MT, is on
a rollercoaster ride. The
average rent price in Lewistown, MT,
is $1,271.00. Indeed, when looking to rent in
Lewistown, MT, you can expect to pay as little
as $460.00 or as much
as $3,300.00,
with the average rent median estimated to
be $1,250.00. The good news is that finding
an affordable and desirable property to rent in Lewistown, MT
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.