Is Jefferson 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, Jefferson County was a Seller's Market.
Housing Prices in Jefferson County, MT
How much do homes in Jefferson County, MT cost?
Median Sold Price
$501,600
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jefferson County was $501,600 in May 2024, down 3.7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $254.9K | $275K | +7.9% |
2 Bedrooms | $277.5K | $422.5K | +52.3% |
3 Bedrooms | $495K | $460K | -7.1% |
4 Bedrooms | $520K | $592.5K | +13.9% |
5+ Bedrooms | $865K | $795K | -8.1% |
Summary: Jefferson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 52.3%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 8.1%.
Median Sold Price Compared To Nearby Counties
Gallatin County | $667.2K | $723.7K | +8.5% |
Silver Bow County | $260K | $266.1K | +2.4% |
Broadwater County | $388.2K | $379.4K | -2.3% |
Jefferson County | $520.9K | $501.6K | -3.7% |
Madison County | $622.5K | $530K | -14.9% |
Housing Supply in Jefferson County, MT
How many homes are available in Jefferson County, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 92 | +17.9% |
Summary: The Jefferson County real estate market had 92 homes for sale in May 2024, a 17.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 10 | 17 | +70.0% |
3 Bedrooms | 24 | 30 | +25.0% |
4 Bedrooms | 27 | 26 | -3.7% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Jefferson County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 70%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Jefferson County in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 52 Days | +75.4% |
Summary: Homes in Jefferson County had an average of 52 days on market in May 2024, up by 75.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Jefferson County; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.