Is Sanders 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, Sanders County has remained a Buyer's Market.
Key Takeaway
Sanders County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sanders County, MT
How much do homes in Sanders County, MT cost?
Median Sold Price
$459,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sanders County have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Sanders County was $459,000 in March 2024, up 9.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $363K | $347.5K | -4.3% |
| 2 Bedrooms | $306K | $415K | +35.6% |
| 3 Bedrooms | $410K | $471.5K | +15.0% |
| 4 Bedrooms | $575.5K | $550K | -4.4% |
| 5+ Bedrooms | $720K | $1.0M | +46.5% |
Summary: Sanders County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 46.5%.
Median Sold Price Compared To Nearby Counties
| Sanders County | $417.5K | $459K | +9.9% |
| Lake County | $501.6K | $523.7K | +4.4% |
| Mineral County | $441.2K | $425K | -3.7% |
| Lincoln County | $430K | $362.5K | -15.7% |
Housing Supply in Sanders County, MT
How many homes are available in Sanders County, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 69 | 76 | +10.1% |
Summary: The Sanders County real estate market had 76 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 26 | 26 | 0.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Sanders County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sanders County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sanders County in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sanders County, MT
How long does it take to sell a home in Sanders County, MT?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 157 Days | 128 Days | -18.5% |
Summary: Homes in Sanders County had an average of 128 days on market in Mar 2024, down by 18.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Sanders County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Sanders County; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.