Local Real Estate Market Update | January 2021

Posted by Tamara Williams on Tuesday, February 16th, 2021 at 9:47am.

REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS

Statistics for Big Sky Country MLS for January 2021 have been released and we are excited to share what the market has done over the last month and compare it to January 2020.

  • Average Sales Price for Single Family Homes have seen an increase of 28% jumping to $656,774. While Condo/Townhouses saw an increase of 18.1% rising the Average Sales Price to $422,635.

  • Closed Sales have decreased for Single Family Homes with a total of 20 closed transactions, down from 39 in 2019. Condo/Townhouses have actually seen an increase of 32% with 33 Closed Sales.

  • Inventory of Single Family Homes has decreased by -77.5% to only 18 homes vs. 80 this time last year.  Inventory of Condo/Townhouse has also decreased -86% to 16, down from 114 in January 2021.

  • Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 99.9% for Single Family Homes and 100.1% 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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