$10,000 Closing Credit*
$2,375,000
2,176 SqFt
3 Beds
•3 Full Baths, 1 Partial
Matt Zermeba & Allen Potts, Listing Office: The Big Sky Real Estate Co.
Is Madison County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Madison County has remained a Buyer's Market.
Key Takeaway
Madison County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Madison County, MT
How much do homes in Madison County, MT cost?
Median Sold Price
$600,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,000(+1.9%)
Key Takeaway
Homes in Madison County have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Madison County was $600,000 in October 2024, up 1.9% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $277.5K | +38.8% |
| 2 Bedrooms | $474K | $485K | +2.3% |
| 3 Bedrooms | $620K | $616.5K | -0.6% |
| 4 Bedrooms | $715K | $700K | -2.1% |
| 5+ Bedrooms | $677.5K | $850K | +25.5% |
Summary: Madison County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Counties
| Beaverhead County | $361.7K | $375.6K | +3.8% |
| Madison County | $589K | $600K | +1.9% |
| Jefferson County | $522.9K | $530K | +1.3% |
| Gallatin County | $692.6K | $701.7K | +1.3% |
| Silver Bow County | $272.1K | $258.5K | -5.0% |
Housing Supply in Madison County, MT
How many homes are available in Madison County, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 87 | -7.4% |
Summary: The Madison County real estate market had 87 homes for sale in October 2024, a 7.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 14 | 10 | -28.6% |
| 3 Bedrooms | 44 | 44 | 0.0% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Madison County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Madison County, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Madison County in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Madison County, MT
How long does it take to sell a home in Madison County, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 97 Days | 144 Days | +48.6% |
Summary: Homes in Madison County had an average of 144 days on market in Oct 2024, up by 48.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Madison County has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Madison County; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% 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.