Welcome to the 2020s! Do four-bed homes cost more per square foot than three-bed homes in Flathead County? Statistically speaking, “Nope.” I looked at March through October 2019 single-family residence sales, 1,000-3,500 square feet, three-four beds, one-plus baths, listed between $200,000 and $500,000 in $50,000 ranges (see chart).
Three-bed homes are the norm here by sales counts, far outstripping four-bed sales: five times more sales in the lowest price range, three times more in the middle ranges, and roughly double in the higher ranges. Three-beds generally go under contract within 30 days, whereas four-beds take a little longer in the higher ranges. Three- vs. four-bed median per foot costs by range: $165 vs. $145 ($200k), $170 vs. $135 ($250k), $180 vs. $155 ($300k), $185 vs. $145 ($350k), $200 vs. $170 ($400k), $200 vs. $180 ($450k).
GIFS (charts rotate every 10 seconds):
Richard Dews is CEO of Glacier Flathead Real Estate, a Flathead-based real estate software and services company.
Stay Connected with the Daily Roundup.
Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox.