$3,859 Closing Credit*
$325,000
2,174 SqFt
4 Beds
•2 Full Baths
Melissa Crosby, Listing Office: RE/MAX Premier
Is Silver Bow Park, 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, Silver Bow Park has remained a Seller's Market.
Key Takeaway
Silver Bow Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silver Bow Park, MT
How much do homes in Silver Bow Park, MT cost?
Median Sold Price
$260,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,000(+7.0%)
Key Takeaway
Homes in Silver Bow Park have sold for 7% more than they did a year ago.
Summary: The median home sold price in Silver Bow Park was $260,000 in October 2024, up 7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.9K | $147K | -20.5% |
| 2 Bedrooms | $215K | $187K | -13.0% |
| 3 Bedrooms | $266K | $319.5K | +20.1% |
| 4 Bedrooms | $329.9K | $282K | -14.5% |
| 5+ Bedrooms | $325K | $339.5K | +4.5% |
Summary: Silver Bow Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.5%, 2 bedroom homes decreased by 13%, 3 bedroom homes increased by 20.1%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Silver Bow Park | $243K | $260K | +7.0% |
| Floral Park | $290K | $265K | -8.6% |
| City Center | $194.5K | $173K | -11.1% |
Housing Supply in Silver Bow Park, MT
How many homes are available in Silver Bow Park, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 21 | -4.5% |
Summary: The Silver Bow Park real estate market had 21 homes for sale in October 2024, a 4.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Silver Bow Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 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 Silver Bow Park, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Silver Bow Park in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Silver Bow Park, MT
How long does it take to sell a home in Silver Bow Park, MT?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 47 Days | +96.3% |
Summary: Homes in Silver Bow Park had an average of 47 days on market in Oct 2024, up by 96.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Silver Bow Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Silver Bow Park; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.