Hungry Horse's real estate market is experiencing a price correction, with values down 25.6% from last year. The median home price has fallen to $446,250, a significant 25.6% decrease year-over-year. With 4 active listings, inventory is 300% higher than seasonal norms. Homes are now taking an average of 258 days to sell, significantly longer than the 60 days typical for this market. A significant 50.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Hungry Horse market with the affordability index at 2763.2. Based on current market indicators, home prices in Hungry Horse are projected to decrease by approximately 14.5% over the next month.
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