Is Butte, 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, Butte was a Buyer's Market.
Key Takeaway
Butte is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Butte, MT
How much do homes in Butte, MT cost?
Median Sold Price
$273,333
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Butte have sold for 4% more than they did a year ago.
Summary: The median home sold price in Butte was $273,333 in April 2024, up 4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $167K | +4.4% |
| 2 Bedrooms | $196.2K | $205K | +4.5% |
| 3 Bedrooms | $279K | $287.2K | +3.0% |
| 4 Bedrooms | $360K | $340K | -5.6% |
| 5+ Bedrooms | $384.5K | $485K | +26.1% |
Summary: Butte housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 26.1%.
Housing Supply in Butte, MT
How many homes are available in Butte, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 176 | 172 | -2.3% |
Summary: The Butte real estate market had 172 homes for sale in April 2024, a 2.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 12 | -14.3% |
| 2 Bedrooms | 45 | 44 | -2.2% |
| 3 Bedrooms | 63 | 56 | -11.1% |
| 4 Bedrooms | 28 | 36 | +28.6% |
| 5+ Bedrooms | 26 | 24 | -7.7% |
Summary: The Butte housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 31 | -27.9% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butte, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Butte in April 2024, down by 27.9% month-over-month. Of the 31 sold homes, 65% were sold under asking, 16% were sold at asking, and 19% were sold over asking.
Days on Market for Butte, MT
How long does it take to sell a home in Butte, MT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 82 Days | 51 Days | -37.2% |
Summary: Homes in Butte had an average of 51 days on market in Apr 2024, down by 37.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butte are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Butte; 61% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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.