$3,147 Closing Credit*
$265,000
1,945 SqFt
3 Beds
•1 Full Bath
Amy Clark, Listing Office: RE/MAX Premier
Is Butte, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Butte was a Seller's Market.
Key Takeaway
Butte is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Butte, MT
How much do homes in Butte, MT cost?
Median Sold Price
$259,046
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$12,653(-4.7%)
Key Takeaway
Homes in Butte have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Butte was $259,046 in October 2024, down 4.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $138.2K | -25.3% |
| 2 Bedrooms | $200K | $209K | +4.5% |
| 3 Bedrooms | $280K | $274.2K | -2.1% |
| 4 Bedrooms | $345K | $365K | +5.8% |
| 5+ Bedrooms | $400K | $576K | +44.0% |
Summary: Butte housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 44%.
Housing Supply in Butte, MT
How many homes are available in Butte, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 254 | 265 | +4.3% |
Summary: The Butte real estate market had 265 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 13 | -13.3% |
| 2 Bedrooms | 60 | 61 | +1.7% |
| 3 Bedrooms | 91 | 93 | +2.2% |
| 4 Bedrooms | 58 | 66 | +13.8% |
| 5+ Bedrooms | 30 | 32 | +6.7% |
Summary: The Butte housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 44 | +29.4% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Butte, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Butte in October 2024, up by 29.4% month-over-month. Of the 44 sold homes, 64% were sold under asking, 25% were sold at asking, and 11% were sold over asking.
Days on Market for Butte, MT
How long does it take to sell a home in Butte, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 57 Days | +61.5% |
Summary: Homes in Butte had an average of 57 days on market in Oct 2024, up by 61.5% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Butte are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 44 homes were sold in Butte; 39% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 30% 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.