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 October 2021

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.

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

Median Sold Price

$242,833

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$42,833(+21.4%)

Key Takeaway

Homes in Silver Bow County have sold for 21.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $111K$147.5K
+32.9%
2 $150K$180K
+20.0%
3 $222.2K$257.5K
+15.9%
4 $259.9K$360K
+38.5%
5+ $359K$441.5K
+23.0%

Median Sold Price Compared To Nearby Counties

Jefferson County
+33.7%
Deer Lodge County
+33.1%
Beaverhead County
+27.6%
Silver Bow County
+21.4%
Madison County
+17.5%

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

Number of Homes For Sale

Sep 2022Oct 2022%
163173+6.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1112
+9.1%
2 4441
-6.8%
3 4659
+28.3%
4 4345
+4.7%
5+ 1916
-15.8%

Number of Homes Sold

Sep 2022Oct 2022%
2437+54.2%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

7 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. 43.2% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
15 Days24 Days+56.3%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 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.

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

About Silver Bow County, MT

Homes for sale in Silver Bow County, MT have reached 173. The inventory of homes for sale in Silver Bow County, MT between September 2022 and October 2022 increased by 6.1%. In October 2022 median list price was $242,833 and the average listing age was 24 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 32.9%, prices of 2 bedrooms properties went up by 20%, prices of 3 bedrooms properties increased by 15.9%, the cost of 4 bedrooms properties went up by 38.5%, 5 bedrooms properties became 23% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 9.1% more available, the quantity of 2 bedrooms homes went down by 6.8%, 3 bedrooms homes became 28.3% more available, 4 bedrooms homes became 4.7% more available, the quantity of 5 bedrooms homes went down by 15.8%. Silver Bow County, MT housing market in October 2022 saw over 7 listings sold above listed price, more than 14 sold at listed price and over 16 sold below.

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