Our Stevensville, MT real estate market report combines key market indicators with housing data from the US Census Bureau.
Created by locals, this report utilizes public information, with data updated monthly and sources cited.
Use these tools to explore Stevensville’s real estate market, and the housing portrait of the 59870 zip code.
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Market Snapshot
The market snapshot provides four popular indicators for Stevensville’s real estate market.
These numbers highlight the pricing, pace, and inventory of the Stevensville market at a glance.
Market Snapshot
Each number shows where the market stands today, and a comparison to the same indicator one year ago.
Explore the individual charts below to see the historic behavior of these indicators and how we’ve arrived at today’s numbers.
Median List Price
This chart tracks the listing prices of single family homes in Stevensville, MT since 2016.
With a few exceptions, listing prices have been rising for years, more than doubling during this period.
The notable jump since early 2020 is due to a historic increase in demand for Stevensville housing.
Median List Price
COVID-era in-migration and increased awareness from the Yellowstone television series both contributed to a sustained spike in Bitterroot Valley real estate demand and prices.
Median list price is the middle value of all active listings when sorted by price. These are list prices, not sold prices.
Next up, how long it takes to sell a home in Stevensville, MT.
Days on Market
This chart shows how long it takes to sell a home in Stevensville, MT going back to 2016.
The days on market chart tracks the time between when a listing hits the market, and when a sale contract is signed, the listing expires, or is withdrawn.
Higher values indicate a slower market with more buyer breathing room — lower means it’s more competitive.
Days on Market
For the past 10 years it’s taken less than 5 months to sell a Stevensville home on average, with most selling within 2 to 3 months of being listed.
The chart highlights a common annual cycle in Montana, with longer real estate sales cycles in the winter months, and shorter cycles in the summer months.
Median days on market is the middle value of active listings sorted by how long they have been on the market.
Active & New Listings
The active listings chart tracks the number of active single family home listings in Stevensville, MT since 2016.
The new listings chart tracks the average number of new single family home listings entering the market.
Active listings signal the standing inventory, while new listings signal what gets added monthly.
Active & New Listings
When active listings are climbing, inventory is building — as they fall, inventory is depleted.
Typical for Montana markets, listings tend to surge in spring and summer months, and fall off during winter.
Click each line’s legend in the chart to turn its trend line on or off.
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Price Reductions & Increases
This chart tracks when listing prices were increased and reduced in Stevensville, MT since 2016.
Price reductions tracks the percentage of listings that decreased price during the month.
Price increases tracks the percentage of listings that increased price during the month.
Price Reductions & Increases
An increase in price reductions indicate a softening real estate market, while price increases signal a more competitive environment.
Historically price reductions played a more active role than price increases have in Stevensville, but fewer than 1 in 4 listings reduced price.
Click each line’s legend in the chart to turn its trend line on or off.
Stevensville Housing Insights
This section reports on all housing in Stevensville’s 59870 zip code — whether owned, rented, lived in, or not.
This data is collected during the annual US Census Bureau’s American Community Survey, available for every zip code in the country.
Typical home value is based on self reporting from property owners, and the value shown is an average of responses collected between 2019 to 2023.
The Housing Here
This data lags current market data and doesn’t include recent trends, but it does provide a good contrast to the average listing prices reported above, and highlights the affordability gap between home values and listing prices.
Average income and rent help to frame the local economy, while the housing mix reinforces the story of rural living with a high percentage of owner occupied single family homes.
Across the Valley
Check out how Hamilton’s average real estate listing price compares to other Bitterroot Valley Communities.
Notice the list is roughly in order of community size, with smaller communities reporting higher prices.
How Stevensville Compares — Median List Price
Small real estate markets with few listings can skew average prices — we suspect this impacts the Bitterroot Valley’s average listing prices, but still value the side by side comparisons.
At double the size of the next largest community, Stevensville’s average listing price is likely a more stable indicator than some of the smaller communities.
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About This Report
This report and similar reports on Bitterroot Info are provided as a courtesy to anyone interested in Bitterroot Valley real estate market data.
We draw our reporting data from established real estate data firms, and the US Census Bureau.
Because of our small market sizes, we use 3 month averages in charts, graphs, and snapshots for more reliable trends.
We make no guarantee or warranty of data accuracy, and we offer no perspective on the real estate market.
Use the information in this report at your own risk.
That’s a Good Question
Single family home median listing prices in Stevensville, MT are around $800,000.
Single family home average days on market for Stevensville, MT is around 60.