Is Jefferson County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jefferson County has remained a Buyer's Market.
Housing Prices in Jefferson County, MT
How much do homes in Jefferson County, MT cost?
Median Sold Price
$499,450
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jefferson County was $499,450 in April 2024, down 6.6% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254.9K | $280K | +9.8% |
2 Bedrooms | $277.5K | $422.5K | +52.3% |
3 Bedrooms | $515K | $459.5K | -10.8% |
4 Bedrooms | $498.7K | $565K | +13.3% |
5+ Bedrooms | $877K | $785K | -10.5% |
Summary: Jefferson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 52.3%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 10.5%.
Median Sold Price Compared To Nearby Counties
Gallatin County | $676.7K | $716.1K | +5.8% |
Silver Bow County | $264.3K | $275K | +4.0% |
Broadwater County | $389K | $378.9K | -2.6% |
Jefferson County | $534.5K | $499.4K | -6.6% |
Madison County | $640K | $512.2K | -20.0% |
Housing Supply in Jefferson County, MT
How many homes are available in Jefferson County, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 74 | +23.3% |
Summary: The Jefferson County real estate market had 74 homes for sale in April 2024, a 23.3% 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 | 12 | 10 | -16.7% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 20 | 26 | +30.0% |
5+ Bedrooms | 5 | 12 | +140.0% |
Summary: The Jefferson 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 decreased by 16.7%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 140%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Jefferson County in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Jefferson County, MT
How long does it take to sell a home in Jefferson County, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 78 Days | +16.1% |
Summary: Homes in Jefferson County had an average of 78 days on market in Apr 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Jefferson County; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.