Is South of the Yellowstone, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, South of the Yellowstone was a Seller's Market.
Key Takeaway
South of the Yellowstone is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South of the Yellowstone, MT
How much do homes in South of the Yellowstone, MT cost?
Median Sold Price
$260,000
$290/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in South of the Yellowstone have sold for 27.8% less than they did a month ago.
Summary: The median home sold price in South of the Yellowstone was $260,000 in March 2024, down 27.8% from last month, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $230K | - | N/A |
| 3 Bedrooms | $460K | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $360K | - | N/A |
Summary: South of the Yellowstone housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South of the Yellowstone | $360K | $260K | -27.8% |
| Big Timber | $360K | $250K | -30.6% |
Housing Supply in South of the Yellowstone, MT
How many homes are available in South of the Yellowstone, MT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Summary: The South of the Yellowstone real estate market had 14 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The South of the Yellowstone 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South of the Yellowstone, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South of the Yellowstone in March 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South of the Yellowstone, MT
How long does it take to sell a home in South of the Yellowstone, MT?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 201 Days | 102 Days | -49.4% |
Summary: Homes in South of the Yellowstone had an average of 102 days on market in Mar 2024, down by 49.4% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in South of the Yellowstone are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 1 homes were sold in South of the Yellowstone; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 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.
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.