Lockwood, MT Foreclosures
Current Market Conditions in in Lockwood, MT As of January 2026?
Over the past month, Lockwood’s real estate market has seen a slight increase in home prices, reflecting the growing demand as more individuals and families seek homes in the area. The number of homes sold has shown an increase compared to the previous month, indicating that buyers are eager to invest in the community. The limited inventory of available properties remains a challenge, keeping prices firm and competitive.
How much do homes sell for in Lockwood, MT?
The average home price is currently $264,643.
What’s the average rental cost in Lockwood, MT?
The average rental price in Lockwood is $1,213.
What is the most expensive home in Lockwood?
The most expensive home sold in Lockwood had a price of $3,669,606.
What is currently the cheapest priced home in Lockwood, MT?
The cheapest home for sale in Lockwood is priced at $41,843.
Living in Lockwood, MT
Lockwood, Montana, is a quaint community located just minutes from Billings that provides a charming and family-friendly atmosphere. With various parks, recreational activities, and a strong sense of community, it’s an ideal place for both families and individuals. Its close proximity to urban amenities makes it a desirable location for those seeking a balance between small-town living and city conveniences.
Buyer vs Seller Market in Lockwood, MT
The current real estate market in Lockwood is showing a steady upward trend, with an increased demand for residential properties. Values are slowly appreciating, attracting both first-time home buyers and investors looking for rental opportunities. The area's appeal due to its affordability compared to nearby Billings is solidifying its reputation as a desirable location.
Overall, homes are selling relatively quickly, and new constructions are on the rise, as developers recognize the area's potential. In particular, family-friendly neighborhoods with access to good schools and parks are gaining traction among buyers.
Home Value Estimator For Lockwood, MT
There are currently 413 real estate properties
in Lockwood, MT,
with a median automated valuation model (AVM) price
of $240,816.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lockwood, 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 Lockwood, MT,
is $264,643.00, with the most expensive house
in Lockwood, MT, topping out
at $3,669,606.00 and the cheapest home
in Lockwood, MT,
clocking in at $41,843.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lockwood, MT!
Rent Prices
In Lockwood, MT
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lockwood, MT, is on
a rollercoaster ride. The
average rent price in Lockwood, MT,
is $1,213.00. Indeed, when looking to rent in
Lockwood, MT, you can expect to pay as little
as $820.00 or as much
as $2,000.00,
with the average rent median estimated to
be $1,210.00. The good news is that finding
an affordable and desirable property to rent in Lockwood, 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.
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