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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Bow County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Silver Bow County has remained a Seller's Market.

Key Takeaway

Silver Bow County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Silver Bow County, MT

How much do homes in Silver Bow County, MT cost?

Median Sold Price

$275,750

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,960(+6.1%)

Key Takeaway

Homes in Silver Bow County have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Silver Bow County was $275,750 in March 2024, up 6.1% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $155K$168.4K
+8.7%
2 $192.7K$205K
+6.4%
3 $275.5K$288.7K
+4.8%
4 $360K$340K
-5.6%
5+ $399K$475K
+19.0%

Summary: Silver Bow County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 19%.

Median Sold Price Compared To Nearby Counties

Deer Lodge County
+12.5%
Beaverhead County
+6.7%
Silver Bow County
+6.1%
Jefferson County
-6.5%
Madison County
-20.5%

Housing Supply in Silver Bow County, MT

How many homes are available in Silver Bow County, MT?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
160182+13.8%

Summary: The Silver Bow County real estate market had 182 homes for sale in March 2024, a 13.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1417
+21.4%
2 4049
+22.5%
3 6266
+6.5%
4 2427
+12.5%
5+ 2023
+15.0%

Summary: The Silver Bow County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 15%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3541+17.1%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Silver Bow County, you may be able to get a good deal. 63.4% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Silver Bow County in March 2024, up by 17.1% month-over-month. Of the 41 sold homes, 63% were sold under asking, 27% were sold at asking, and 10% were sold over asking.

Days on Market for Silver Bow County, MT

How long does it take to sell a home in Silver Bow County, MT?

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days61 Days-6.0%

Summary: Homes in Silver Bow County had an average of 61 days on market in Mar 2024, down by 6% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Silver Bow County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 41 homes were sold in Silver Bow County; 44% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 27% 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 18 Days Ago

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