Is Sanders 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, Sanders County has remained a Buyer's Market.
Housing Prices in Sanders County, MT
How much do homes in Sanders County, MT cost?
Median Sold Price
$450,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sanders County was $450,000 in April 2024, down 2.1% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $363K | $320K | -11.8% |
2 Bedrooms | $320K | $420K | +31.3% |
3 Bedrooms | $440K | $468K | +6.4% |
4 Bedrooms | $596K | $550K | -7.7% |
5+ Bedrooms | $720K | $710K | -1.4% |
Summary: Sanders County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Counties
Lake County | $475K | $535K | +12.6% |
Mineral County | $421K | $440K | +4.5% |
Sanders County | $459.5K | $450K | -2.1% |
Lincoln County | $425K | $361.2K | -15.0% |
Housing Supply in Sanders County, MT
How many homes are available in Sanders County, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 98 | +28.9% |
Summary: The Sanders County real estate market had 98 homes for sale in April 2024, a 28.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 21 | 24 | +14.3% |
3 Bedrooms | 27 | 39 | +44.4% |
4 Bedrooms | 13 | 17 | +30.8% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Sanders County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 44.4%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Sanders County in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Sanders County, MT
How long does it take to sell a home in Sanders County, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
290 Days | 134 Days | -53.8% |
Summary: Homes in Sanders County had an average of 134 days on market in Apr 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Sanders County; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.