Is South of the Yellowstone, 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, South of the Yellowstone was a Seller's Market.
Key Takeaway
South of the Yellowstone is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South of the Yellowstone, MT
How much do homes in South of the Yellowstone, MT cost?
Median Sold Price
$375,125
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South of the Yellowstone have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in South of the Yellowstone was $375,125 in May 2024, up 2.2% from last year, and the median price per square foot was $172.
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 | $285K | $435K | +52.6% |
| 4 Bedrooms | $689K | $465K | -32.5% |
| 5+ Bedrooms | $430K | $360K | -16.3% |
Summary: South of the Yellowstone 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 52.6%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes decreased by 16.3%.
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 South of the Yellowstone, MT
How many homes are available in South of the Yellowstone, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Summary: The South of the Yellowstone real estate market had 18 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The South of the Yellowstone 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 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
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
Key Takeaway
If you're buying a home in South of the Yellowstone, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South of the Yellowstone 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 South of the Yellowstone, MT
How long does it take to sell a home in South of the Yellowstone, MT?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 151 Days | 2 Days | -98.7% |
Summary: Homes in South of the Yellowstone 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
Key Takeaway
Many homes in South of the Yellowstone are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in South of the Yellowstone; 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.
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.
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.