Is Jefferson County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Jefferson County has remained a Seller's Market.
Housing Prices in Jefferson County, MT
How much do homes in Jefferson County, MT cost?
Median Sold Price
$500,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jefferson County was $500,000 in March 2024, down 6.5% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254.9K | $280K | +9.8% |
2 Bedrooms | $277.5K | $450K | +62.2% |
3 Bedrooms | $525K | $459K | -12.6% |
4 Bedrooms | $520K | $620K | +19.2% |
5+ Bedrooms | $843K | $785K | -6.9% |
Summary: Jefferson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 62.2%, 3 bedroom homes decreased by 12.6%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 6.9%.
Median Sold Price Compared To Nearby Counties
Silver Bow County | $259.7K | $275.7K | +6.1% |
Gallatin County | $687K | $713.2K | +3.8% |
Broadwater County | $399K | $378K | -5.3% |
Jefferson County | $534.5K | $500K | -6.5% |
Madison County | $650K | $517K | -20.5% |
Housing Supply in Jefferson County, MT
How many homes are available in Jefferson County, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 62 | +26.5% |
Summary: The Jefferson County real estate market had 62 homes for sale in March 2024, a 26.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 19 | 24 | +26.3% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Jefferson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Jefferson County in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Jefferson County, MT
How long does it take to sell a home in Jefferson County, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
51 Days | 106 Days | +107.6% |
Summary: Homes in Jefferson County had an average of 106 days on market in Mar 2024, up by 107.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Jefferson County; 9% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.