Is Big Timber, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Big Timber was a Seller's Market.
Housing Prices in Big Timber, MT
How much do homes in Big Timber, MT cost?
Median Sold Price
$367,500
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Big Timber was $367,500 in May 2024, down 14.5% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $209.7K | N/A |
2 Bedrooms | $280K | $265K | -5.4% |
3 Bedrooms | $364.5K | $375.2K | +2.9% |
4 Bedrooms | $689K | $465K | -32.5% |
5+ Bedrooms | $595K | $360K | -39.5% |
Summary: Big Timber housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes decreased by 39.5%.
Median Sold Price Compared To Nearby Cities
South of the Yellowstone | $367K | $375.1K | +2.2% |
Big Timber | $430K | $367.5K | -14.5% |
Housing Supply in Big Timber, MT
How many homes are available in Big Timber, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Summary: The Big Timber real estate market had 18 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 4 | 7 | +75.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Big Timber housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 75%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Big Timber in May 2024, down by 50.0% 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 Big Timber, MT
How long does it take to sell a home in Big Timber, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
151 Days | 2 Days | -98.7% |
Summary: Homes in Big Timber had an average of 2 days on market in May 2024, down by 98.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Big Timber; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.