REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS
Statistics for Big Sky County MLS for October 2020 have been released and we are excited to share what the market has done over the last month and compare it to October 2019.
- Average Sales Price for Single Family Homes have seen an increase of 22.3% jumping to $613,818. Condo/Townhouses also saw an increase this month of 11.7% putting the Average Sales Price at $372,010.
- Closed Sales have increased for Single Family Homes with a total of 70 closed transactions, up from 54 in 2019. Condo/Townhouses have also seen a large increase of 40% with 70 Closed Sales.
- Inventory of Single Family Homes has decreased by 74.4% to only 34 homes vs. 133 this time last year. Inventory of Condo/Townhouse has also decreased 76.9% to 31, down from 134 in October 2019.
- Lastly, this statistic is always interesting. Percent of homes sold at or above list price came in at 100.5% 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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