Local Real Estate Market Update | April 2020

Posted by Tamara Williams on Friday, May 15th, 2020 at 3:27pm.

REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS

Statistics for Big Sky County MLS for April 2020 have been released and we are dying to share what the market has done over the last month and compared to April 2019.

  • Median Sales Price for Single Family homes have seen an increase of $61,500 jumping to $490,000. While Condo/Townhouses saw an increase of 11.1% to $355,000.
  • Closed Sales have decreased for Single Family homes with a total of 23 closed transactions. Condo/Townhouses have seen an increase of 5.7% with 37 Closed Sales.
  • Average Sales Price for Single Family homes has jumped drastically with an increase of 35.2% to $657,573!  The Average Sales Price a Condo/Townhouse was $360,327 which is an increase of 1.2%.
  • Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 98.6% for Single Family homes and 99.3% for a Condo/Townhouse. 

 Source: Big Sky Country MLS

 

 

 

 

 

 

 

 

 

If you are curious what this will mean for you (as a buyer or seller), please don't hesitate to reach out.  You can reach Broker Tamara Williams at (406) 223-6823.

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