Is Broadwater County, 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, Broadwater County was a Seller's Market.
Housing Prices in Broadwater County, MT
How much do homes in Broadwater County, MT cost?
Median Sold Price
$379,450
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broadwater County was $379,450 in May 2024, down 2.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $312K | $202.4K | -35.1% |
2 Bedrooms | $325K | $305K | -6.2% |
3 Bedrooms | $389K | $395K | +1.5% |
4 Bedrooms | $412.5K | $478.4K | +16.0% |
5+ Bedrooms | $574.5K | $541.7K | -5.7% |
Summary: Broadwater County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Counties
Meagher County | $282.5K | $385K | +36.3% |
Gallatin County | $667.2K | $723.7K | +8.5% |
Lewis and Clark County | $436.6K | $446K | +2.2% |
Broadwater County | $388.2K | $379.4K | -2.3% |
Jefferson County | $520.9K | $501.6K | -3.7% |
Housing Supply in Broadwater County, MT
How many homes are available in Broadwater County, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 45 | +12.5% |
Summary: The Broadwater County real estate market had 45 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 13 | 14 | +7.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Broadwater County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Broadwater County in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Broadwater County, MT
How long does it take to sell a home in Broadwater County, MT?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
115 Days | 161 Days | +40.3% |
Summary: Homes in Broadwater County had an average of 161 days on market in May 2024, up by 40.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Broadwater County; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.