$125,000
9.62 Acres
Land
Theresa R Racicot, Listing Office: Montana Life Real Estate
Is Jefferson County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Jefferson County has remained a Seller's Market.
Key Takeaway
Jefferson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson County, MT
How much do homes in Jefferson County, MT cost?
Median Sold Price
$537,500
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,600(+3.2%)
Key Takeaway
Homes in Jefferson County have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Jefferson County was $537,500 in November 2024, up 3.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $275K | -11.3% |
| 2 Bedrooms | $320K | $460K | +43.8% |
| 3 Bedrooms | $500K | $525.5K | +5.1% |
| 4 Bedrooms | $621K | $599K | -3.5% |
| 5+ Bedrooms | $865K | $725K | -16.2% |
Summary: Jefferson County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.3%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Counties
| Madison County | $587K | $618K | +5.3% |
| Broadwater County | $389K | $407K | +4.6% |
| Jefferson County | $520.9K | $537.5K | +3.2% |
| Gallatin County | $690.1K | $705K | +2.2% |
| Silver Bow County | $268.7K | $262.6K | -2.3% |
Housing Supply in Jefferson County, MT
How many homes are available in Jefferson County, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 80 | -5.9% |
Summary: The Jefferson County real estate market had 80 homes for sale in November 2024, a 5.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 31 | 32 | +3.2% |
| 4 Bedrooms | 18 | 16 | -11.1% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Jefferson County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Jefferson County in November 2024, the same as the previous month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 140 Days | 67 Days | -51.9% |
Summary: Homes in Jefferson County had an average of 67 days on market in Nov 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jefferson County has remained consistent over time.
Summary: During November 2024, 14 homes were sold in Jefferson County; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% 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 (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.
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.