Helena’s median home sales price more than doubled since 2015, reaching $460,000 in 2022.
“There are quite a few of us who would like to see prices reduced a little bit just because it has become so cumbersome for buyers to purchase in our market,” said Julie Lamb-Heller, a Realtor with CENTURY 21 Heritage Realty in Helena.
Much of that growth occurred within the last three years, according to the 2022 Helena Area Real Estate Market Conditions Report prepared by Shaun Moore of residential appraisal firm True Footage Inc.
From 2015 to 2019, single-family home sales prices within a 15-mile radius of Helena grew from $225,000 to $280,000. Prices reached $317,000 in 2020, $399,859 in 2021 and $460,000 in 2022.
According to Moore, low inventory and high demand are the main factors driving the high prices. While prospective buyers had around 500 homes in the area to choose from a decade ago, available inventory has been steadily declining since then and hovered around 100 in 2021 and 2022.
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