Is Broadwater County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Broadwater County was a Seller's Market.
Key Takeaway
Broadwater County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broadwater County, MT
How much do homes in Broadwater County, MT cost?
Median Sold Price
$378,900
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Broadwater County have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Broadwater County was $378,900 in April 2024, down 2.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $312K | $202.4K | -35.1% |
| 2 Bedrooms | $325K | $310K | -4.6% |
| 3 Bedrooms | $393.7K | $387.5K | -1.6% |
| 4 Bedrooms | $590K | $449.2K | -23.9% |
| 5+ Bedrooms | $663K | $508.5K | -23.3% |
Summary: Broadwater County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes decreased by 23.3%.
Median Sold Price Compared To Nearby Counties
| Gallatin County | $676.7K | $716.1K | +5.8% |
| Lewis and Clark County | $446.4K | $455.2K | +2.0% |
| Broadwater County | $389K | $378.9K | -2.6% |
| Jefferson County | $534.5K | $499.4K | -6.6% |
Housing Supply in Broadwater County, MT
How many homes are available in Broadwater County, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 40 | +17.6% |
Summary: The Broadwater County real estate market had 40 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 12 | 14 | +16.7% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Broadwater County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Broadwater County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Broadwater County in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Broadwater County, MT
How long does it take to sell a home in Broadwater County, MT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 144 Days | 94 Days | -34.8% |
Summary: Homes in Broadwater County had an average of 94 days on market in Apr 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Broadwater County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 5 homes were sold in Broadwater County; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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.