Is Madison Valley, 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, Madison Valley was a Neutral Market.
Housing Prices in Madison Valley, MT
How much do homes in Madison Valley, MT cost?
Median Sold Price
$845,000
$428/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Madison Valley was $845,000 in May 2024, up 14.3% from last year, and the median price per square foot was $428.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $453.2K | $450K | -0.7% |
2 Bedrooms | $730K | $860K | +17.8% |
3 Bedrooms | $739.2K | $810K | +9.6% |
4 Bedrooms | $1.8M | $2.3M | +27.8% |
5+ Bedrooms | $5.9M | $3.2M | -45.5% |
Summary: Madison Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.7%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 45.5%.
Median Sold Price Compared To Nearby Cities
Madison Valley | $739.5K | $845K | +14.3% |
Ennis | $730K | $708.5K | -2.9% |
Housing Supply in Madison Valley, MT
How many homes are available in Madison Valley, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 62 | +3.3% |
Summary: The Madison Valley real estate market had 62 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 15 | 14 | -6.7% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Madison Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Madison Valley in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Madison Valley, MT
How long does it take to sell a home in Madison Valley, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
143 Days | 46 Days | -67.9% |
Summary: Homes in Madison Valley had an average of 46 days on market in May 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Madison Valley; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.