Is Broadwater County, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Broadwater County is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Broadwater County was a Seller's Market.

Key Takeaway

Broadwater County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Broadwater County, MT

How much do homes in Broadwater County, MT cost?

Median Sold Price

$410,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,000(+5.4%)

Key Takeaway

Homes in Broadwater County have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Broadwater County was $410,000 in October 2024, up 5.4% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $299K$202.4K
-32.3%
2 $315K$300K
-4.8%
3 $387K$442K
+14.2%
4 $402.5K$575K
+42.9%
5+ $522K$775K
+48.5%

Summary: Broadwater County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 48.5%.

Median Sold Price Compared To Nearby Counties

Broadwater County
+5.4%
Lewis and Clark County
+2.3%
Jefferson County
+1.3%
Gallatin County
+1.3%
Meagher County
-40.0%

Housing Supply in Broadwater County, MT

How many homes are available in Broadwater County, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3238+18.8%

Summary: The Broadwater County real estate market had 38 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1821
+16.7%
4 1112
+9.1%
5+ 01
+100.0%

Summary: The Broadwater County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Broadwater County, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Broadwater County in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% 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

Oct 2023Oct 2024CHANGE
91 Days66 Days-27.3%

Summary: Homes in Broadwater County had an average of 66 days on market in Oct 2024, down by 27.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Broadwater County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Broadwater County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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