$10,000 Closing Credit*
$2,495,000
1,582 SqFt
3 Beds
•2 Full Baths, 1 Partial
Martha Johnson, 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 November 2023
At the same time last year, Madison County was a Seller'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
$618,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,000(+5.3%)
Key Takeaway
Homes in Madison County have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Madison County was $618,000 in November 2024, up 5.3% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $277.5K | +38.8% |
| 2 Bedrooms | $467K | $486.5K | +4.2% |
| 3 Bedrooms | $640K | $615K | -3.9% |
| 4 Bedrooms | $690K | $765K | +10.9% |
| 5+ Bedrooms | $825K | $1.2M | +48.5% |
Summary: Madison County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 48.5%.
Median Sold Price Compared To Nearby Counties
| Madison County | $587K | $618K | +5.3% |
| Jefferson County | $520.9K | $537.5K | +3.2% |
| Beaverhead County | $361.7K | $372.5K | +3.0% |
| Gallatin County | $690.1K | $705K | +2.2% |
| Silver Bow County | $268.7K | $262.6K | -2.3% |
Housing Supply in Madison County, MT
How many homes are available in Madison County, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 75 | 0.0% |
Summary: The Madison County real estate market had 75 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Madison 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 increased by 10%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Madison County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Madison County in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 42 Days | 118 Days | +179.6% |
Summary: Homes in Madison County had an average of 118 days on market in Nov 2024, up by 179.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Madison County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 6 homes were sold in Madison County; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 67% 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.