Is Sanders County, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sanders County is a buyer's market

Buyer's
Market

Difference Since April 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

$450,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$9,500(-2.1%)

Key Takeaway

Homes in Sanders County have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in Sanders County was $450,000 in April 2024, down 2.1% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $363K$320K
-11.8%
2 $320K$420K
+31.3%
3 $440K$468K
+6.4%
4 $596K$550K
-7.7%
5+ $720K$710K
-1.4%

Summary: Sanders County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Counties

Lake County
+12.6%
Mineral County
+4.5%
Sanders County
-2.1%
Lincoln County
-15.0%

Housing Supply in Sanders County, MT

How many homes are available in Sanders County, MT?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7698+28.9%

Summary: The Sanders County real estate market had 98 homes for sale in April 2024, a 28.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 910
+11.1%
2 2124
+14.3%
3 2739
+44.4%
4 1317
+30.8%
5+ 68
+33.3%

Summary: The Sanders County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sanders County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Sanders County in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% 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

Apr 2023Apr 2024CHANGE
290 Days134 Days-53.8%

Summary: Homes in Sanders County had an average of 134 days on market in Apr 2024, down by 53.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

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 April 2024, 9 homes were sold in Sanders County; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Sanders County, MT

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