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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Silver Bow County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Silver Bow County has remained a Seller's Market.

Key Takeaway

Silver Bow County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Silver Bow County, MT

How much do homes in Silver Bow County, MT cost?

Median Sold Price

$262,666

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,099(-2.3%)

Key Takeaway

Homes in Silver Bow County have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Silver Bow County was $262,666 in November 2024, down 2.3% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $182.7K$160K
-12.4%
2 $199K$209K
+5.0%
3 $287.2K$278.5K
-3.0%
4 $345K$360K
+4.3%
5+ $422.5K$548.5K
+29.8%

Summary: Silver Bow County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Counties

Deer Lodge County
+7.9%
Madison County
+5.3%
Jefferson County
+3.2%
Beaverhead County
+3.0%
Silver Bow County
-2.3%

Housing Supply in Silver Bow County, MT

How many homes are available in Silver Bow County, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
264235-11.0%

Summary: The Silver Bow County real estate market had 235 homes for sale in November 2024, a 11.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1411
-21.4%
2 5654
-3.6%
3 10087
-13.0%
4 6355
-12.7%
5+ 3128
-9.7%

Summary: The Silver Bow County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 9.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4751+8.5%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer69%18%14%

Key Takeaway

If you're buying a home in Silver Bow County, you may be able to get a good deal. 68.6% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Silver Bow County in November 2024, up by 8.5% month-over-month. Of the 51 sold homes, 69% were sold under asking, 14% were sold at asking, and 18% were sold over asking.

Days on Market for Silver Bow County, MT

How long does it take to sell a home in Silver Bow County, MT?

Average Sale Time

Nov 2023Nov 2024CHANGE
58 Days63 Days+7.7%

Summary: Homes in Silver Bow County had an average of 63 days on market in Nov 2024, up by 7.7% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times49%31%20%

Key Takeaway

Avg time on Rocket Homes in Silver Bow County has remained consistent over time.

Summary: During November 2024, 51 homes were sold in Silver Bow County; 31% of homes were sold within 30 days, 49% of homes were sold within 30 to 90 days, and 20% 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 23 Days Ago

Newest Listings in Silver Bow County, MT

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