Is Madison Valley, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Madison Valley was a Seller'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 March 2023
Summary: The median home sold price in Madison Valley was $835,000 in March 2024, up 24.8% from last year, and the median price per square foot was $394.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $469K | $457.5K | -2.5% |
2 Bedrooms | $730K | $830K | +13.7% |
3 Bedrooms | $739K | $777.5K | +5.2% |
4 Bedrooms | $1.1M | $2.8M | +154.5% |
5+ Bedrooms | $2.2M | $2.0M | -11.1% |
Summary: Madison Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 154.5%, 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
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
61 | 64 | +4.9% |
Summary: The Madison Valley real estate market had 64 homes for sale in March 2024, a 4.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 24 | 25 | +4.2% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Madison Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Madison Valley in March 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
154 Days | 99 Days | -35.8% |
Summary: Homes in Madison Valley had an average of 99 days on market in Mar 2024, down by 35.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Madison Valley; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.