Arkansas

<h2>Overview of the Helena, Montana Real Estate Market</h2>
<p>The real estate market in Helena and its surrounding areas in <a href="https://www.realtytrac.com/market-trends/mt/">Montana</a> has revealed an interesting mix of trends in the early months of 2024. <a href="https://www.realtytrac.com/market-trends/helena-mt/">Helena itself has experienced a notable decline in average property values</a>, dropping from roughly $310,000 in September 2023 to $259,000 in March 2024. Despite this, the average sale price per square foot has displayed resilience, climbing from $296 to $319 within the same time frame. This suggests a market atmosphere where space is increasingly valued, and smaller properties may be fetching higher prices relative to their size.</p>
<h4 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Helena, MT</h4>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">Apr 2023</th>
<th class="sc-7568d94b-2 hTsliE">March 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$309.9K</td>
<td class="sc-7568d94b-5 eqHQXK">$414.3K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">33.70%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$394.1K</td>
<td class="sc-7568d94b-5 eqHQXK">$414.3K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">5.13%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">121</td>
<td class="sc-7568d94b-5 eqHQXK">113</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-6.61%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">215</td>
<td class="sc-7568d94b-5 eqHQXK">238</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">10.70%</span></td>
</tr>
</tbody>
</table>
<p>In contrast, East Helena has witnessed a robust increase in average property values, surging from $200,000 in January 2024 to $277,000 in March 2024. This upward trajectory is mirrored in the average sale price per square foot, which has also grown, though more modestly, from $285 to approximately $295.</p>
<p>The story changes when looking at Jefferson City, which presents a challenge in data analysis due to a lack of sales activity; for March 2024, the average property value is posted at $325,000, yet there are no recorded sales to further inform on market conditions.</p>
<p>In Townsend, market values seem to have found a stable ground, with properties consistently valued above $379,000 as of February 2024 to March 2024. This stability paints <a href="https://www.realtytrac.com/market-trends/townsend-mt/">Townsend</a> as a dependable market in comparison to its neighbors.</p>
<figure id="attachment_25550" aria-describedby="caption-attachment-25550" style="width: 1439px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25550" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Helena-MT-House-Prices-April-2024.png" alt="Helena MT House Prices April 2024" width="1439" height="632" /><figcaption id="caption-attachment-25550" class="wp-caption-text">Helena MT House Prices April 2024</figcaption></figure>
<p>Turning our eyes to Cascade, the fluctuations in average values and sold prices are remarkable. A sharp increase in the average sale price from February 2024’s $340,100 to March 2024’s $266,500 contrasts with a higher average property value in February. This hints at a market where the average sale price may not fully align with the underlying property values.</p>
<p>Finally, Deer Lodge presents itself as a market with a steady heartbeat. Over the span of a year, from April 2023 to March 2024, property values have consistently risen, from an average of $195,000 to $235,000, indicating a reliable appreciation in property worth within the city.</p>
<h2>Analysis of Current Values and Sale Volumes in March 2024</h2>
<figure id="attachment_25549" aria-describedby="caption-attachment-25549" style="width: 1459px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25549" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/04/Helena-MT-Houses-For-Sale-April-2024.png" alt="Helena MT Houses For Sale April 2024" width="1459" height="638" /><figcaption id="caption-attachment-25549" class="wp-caption-text">Helena MT Houses For Sale April 2024</figcaption></figure>
<p>As of March 2024, Helena’s real estate market has seen an average property value of $259,000 with a significant number of properties listed (113) compared to those sold (238). With an average sale price standing at a much higher $414,451, a discrepancy suggests that while the general property values are lower, the properties that do sell fetch a premium, especially given the high average sale price per square foot at $319.</p>
<p>In East Helena, the average property value is currently at $277,000, maintaining a small inventory of 14 properties. Nevertheless, the average sale price is notably high at $364,361, aligning with the growth in value this area is experiencing. Additionally, the higher average sale price per square foot value of $295 corroborates the increasing demand for property space relative to size.</p>
<p>Jefferson City’s real estate situation is unique, offering an average property value of $325,000, which is significant for the only property listed. However, the lack of sales data presents a gap in understanding the true market dynamics here.</p>
<p>Conversely, Townsend, with a slightly higher inventory of 11 properties, shares a similar fate to Jefferson City with no sales recorded in March 2024. Nonetheless, with an average property value of $389,000, it points towards a higher-end market.</p>
<p>Cascade’s market presents a peculiar scenario with only three properties listed and an average property value of $349,900. Yet, the two properties sold have gone for an average sale price of $266,500, which is lower than expected based on the average property value. This suggests that the actual sale prices may be at variance with the listed values.</p>
<p>Lastly, Deer Lodge showcases a steadier market with 16 properties listed and an average value of $235,000. Its average sale price is slightly lower at $231,821, and a total of nine properties sold. The average sale price per square foot value stands at $182, reinforcing a market that appreciates steadily and aligns closely with listed values.</p>
<p>These insights underline a market that is as varied as it is nuanced, where each city in the vicinity of Helena presents a unique narrative in the grander Montana real estate landscape. The careful observer will note that despite some regional declines in values, the sale prices per square foot often tell a story of enduring appeal for well-located or well-appointed properties in these markets.</p>


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