Is Madison Valley, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Madison Valley has remained a Buyer's Market.
Housing Prices in Madison Valley, MT
How much do homes in Madison Valley, MT cost?
Median Sold Price
$835,000
$394/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Madison Valley was $835,000 in April 2024, up 13.7% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $453.2K | $457.5K | +0.9% |
2 Bedrooms | $752K | $830K | +10.4% |
3 Bedrooms | $739K | $745K | +0.8% |
4 Bedrooms | $1.0M | $2.6M | +152.1% |
5+ Bedrooms | $2.2M | $2.0M | -11.1% |
Summary: Madison Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 152.1%, and 5+ bedroom homes decreased by 11.1%.
Housing Supply in Madison Valley, MT
How many homes are available in Madison Valley, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 62 | 0.0% |
Summary: The Madison Valley real estate market had 62 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 24 | 24 | 0.0% |
4 Bedrooms | 18 | 16 | -11.1% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Madison Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Madison Valley in April 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Madison Valley, MT
How long does it take to sell a home in Madison Valley, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 188 Days | +6166.7% |
Summary: Homes in Madison Valley had an average of 188 days on market in Apr 2024, up by 6166.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Madison Valley; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.