Local Real Estate Market Update | December 2020

Posted by Tamara Williams on Tuesday, January 19th, 2021 at 9:13am.

REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS

Statistics for Big Sky Country MLS for December 2020 have been released and we are excited to share what the market has done over the last month and compare it to December 2019. 


  • Average Sales Price for Single Family Homes have seen an increase of 37.2% jumping to $682,051. While Condo/Townhouses saw an increase of 4.5% rising the Average Sales Price to $409,532.

  • Closed Sales have increased for Single Family Homes with a total of 40 closed transactions, up from 35 in 2019. Condo/Townhouses have also seen an increase of 72.7% with 38 Closed Sales.

  • Inventory of Single Family Homes has decreased by -79.1% to only 18 homes vs. 86 this time last year.  Inventory of Condo/Townhouse has also decreased -79% to 21, down from 100 in December 2019.

  • Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 99.8% for Single Family Homes and 100.8% 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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