59701 Housing Market Report January 2025•Silver Bow County, Montana

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Housing Prices in 59701, MT

How much do homes in 59701, MT cost?

Housing Market Conditions

Is 59701, MT a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

59701 is a Seller's Market

Difference Since January 2024

Since last year, 59701 has remained a Seller's Market.

Insight

59701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$259,600$166/SqFt
-$3,900
-1.5%

Based on all homes sold in the last 12 months

Insight

Homes in 59701 have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in 59701 was $259,600 in January 2025, down 1.5% from last year, and the median price per square foot was $166.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
59759
+9.6%
59701
-1.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$166K$148.7K
-10.4%
2$198K$217K
+9.6%
3$280K$275K
-1.8%
4$335.3K$367K
+9.5%
5$390K$494.7K
+26.9%

Summary: 59701 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -10.4%. The home price for 2 bedroom homes increased by +9.6%. The home price for 3 bedroom homes decreased by -1.8%. The home price for 4 bedroom homes increased by +9.5%. The home price for 5 bedroom homes increased by +26.9%.

Housing supply in 59701, MT

How many homes are available in 59701, MT?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
172Last MonthJan 2025
1922 months agoDec 2024
-10.4 %
Change MoMDec – Jan

Summary: The 59701 real estate market had 172 homes for sale in Jan 2025, a 10.4 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
46Last MonthJan 2025
442 months agoDec 2024
+4.5 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
1128
-33.3%
25556
+1.8%
35745
-21.1%
44646
0.0%
52217
-22.7%

Summary: 59701 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -33.3%. The inventory for 2 bedroom homes increased by +1.8%. The inventory for 3 bedroom homes decreased by -21.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -22.7%.

Asking Price vs. Sold Price

How much do homes in 59701, MT cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price10 Homes

At Asking Price12 Homes

Under Asking Price24 Homes

Insight

If you're buying a home in 59701, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in 59701 in January 2025, up by 4.5% month-over-month. Of the 46 sold homes, 52% were sold under asking, 26% were sold at asking, and and 22% were sold over asking.

Days on Market for 59701, MT

How long does it take to sell a home in 59701, MT?

Breakdown of Home Sale Times

Under 30 Days12 Homes

30 – 90 Days13 Homes

Over 90 Days21 Homes

Insight

Most homes in 59701 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 46 homes were sold in 59701; 26% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 46% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
78 DaysThis YearJan 2025
90 Days1 year agoJan 2024
-13.6 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 59701 had an average listing age of 78 days in Jan 2025, down by 13.6% compared to the previous year.

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Newest Listings in 59701, MT

What homes are available in 59701, MT?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Big Sky Country MLS, and Montana Regional MLS for the period 02/01/2023 - 02/01/2025

IDXThe 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© 2025 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/11/2025, 11:55:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.