Is Silver Bow County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Silver Bow County was a Seller's Market.
Key Takeaway
Silver Bow County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Silver Bow County, MT
How much do homes in Silver Bow County, MT cost?
Median Sold Price
$258,644
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Silver Bow County have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Silver Bow County was $258,644 in June 2024, down 0.5% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $174.7K | $165K | -5.6% |
| 2 Bedrooms | $195K | $207K | +6.2% |
| 3 Bedrooms | $270K | $280K | +3.7% |
| 4 Bedrooms | $348K | $365K | +4.9% |
| 5+ Bedrooms | $377.5K | $548.5K | +45.3% |
Summary: Silver Bow County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 45.3%.
Median Sold Price Compared To Nearby Counties
| Beaverhead County | $338.5K | $375K | +10.8% |
| Deer Lodge County | $260K | $285K | +9.6% |
| Jefferson County | $499.9K | $520K | +4.0% |
| Silver Bow County | $260K | $258.6K | -0.5% |
| Madison County | $618.7K | $547K | -11.6% |
Housing Supply in Silver Bow County, MT
How many homes are available in Silver Bow County, MT?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 234 | 293 | +25.2% |
Summary: The Silver Bow County real estate market had 293 homes for sale in June 2024, a 25.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 22 | +37.5% |
| 2 Bedrooms | 66 | 68 | +3.0% |
| 3 Bedrooms | 82 | 109 | +32.9% |
| 4 Bedrooms | 46 | 65 | +41.3% |
| 5+ Bedrooms | 24 | 29 | +20.8% |
Summary: The Silver Bow County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 32.9%, 4 bedroom homes increased by 41.3%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 47 | 34 | -27.7% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silver Bow County, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Silver Bow County in June 2024, down by 27.7% month-over-month. Of the 34 sold homes, 68% were sold under asking, 21% were sold at asking, and 12% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 53 Days | 45 Days | -14.9% |
Summary: Homes in Silver Bow County had an average of 45 days on market in Jun 2024, down by 14.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silver Bow County has remained consistent over time.
Summary: During June 2024, 34 homes were sold in Silver Bow County; 32% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 9% 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.