Local Real Estate Market Update | August 2020

Posted by Tamara Williams on Tuesday, September 15th, 2020 at 9:33am.

REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS

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

  • Average Sales Price for Single Family Homes have seen an increase of 18% jumping to $622,766. While Condo/Townhouses also saw an increase of 19.6% rising the Average Sales Price to $365,296.

  • Closed Sales have increased for Single Family Homes with a total of 71 closed transactions, up from 65 in 2019. Condo/Townhouses have also seen an increase of 47.1% with 75 Closed Sales.

  • Inventory of Single Family Homes has decreased by 64.7% to only 49 homes vs. 139 this time last year.  Inventory of Condo/Townhouse has also decreased 45.6% to 74, down from 136 in August 2019.

  • Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 100% for Single Family Homes and 99.9% 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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