Bozeman, MT - market statistics

Local Real Estate Market Update | April 2021

REAL ESTATE MARKET UPDATE | BOZEMAN CITY LIMITS

Statistics from Big Sky Country MLS for April 2021 have been released! So let's compare it to April 2020.

• Average Sales Price for Single Family Homes have seen a smaller increase than previous months of 5.3%, bumping to $692,225. While Condo/Townhouses saw an increase of 19.3% rising the Average Sales Price to $429,874.
  
  
• Closed Sales have actually begun to increase for Single Family Homes with a total of 36 closed transactions, up from 23 in 2020. Condo/Townhouses have also seen an increase of 24.3% with 46 Closed Sales.
  
  
• Inventory of Single Family Homes is still at a deficit by -77.6% to only 19 homes vs. 85 this time last year.  Inventory of Condo/Townhouse has seen a higher decrease at …

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Why Move to Bozeman, Montana

If you are a local resident or have been following the market from afar, you have likely noticed that Bozeman, Montana has a VERY STRONG real estate market. You may ask why are the home prices continually increasing? Bozeman is such a small town and is nowhere close to San Francisco or a big metropolitan city ..? Well there's an easy yet simple answer. Bozeman is a desirable place to live. Where there is HIGH demand, there will be higher prices to support that demand.

As you know, there are an overwhelming number of reasons why people are flocking to Bozeman from all over the country. We are working with a number of relocation buyers year after year not just from Washington or California but from all over the country. From the plethora of…

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Monday Market Update • February 3, 2020

It's time for our Monday Market Update for Bozeman City Limits.

This week we are comparing condominium and townhouse statistics for December 2019. Condominiums in Bozeman City limits sold for 98% of their asking price for an average of $389,687 while townhouses sold for 100% of their asking price for an average of $381,169.

20 condos have gone under contract and 19 sold in December. As for townhouses, 3 townhouses went under contract and 3 sold. 

There were a total of 70 condos for sale with an average days on market of 17. Only 27 townhouses were actively for sale with an average of 107 days on the market! If properties were on the market longer there are several factors that could have contributed to that; price, location, and layout.  

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Monday Market Update • December 30, 2019

It's time for our Monday Market Update for Bozeman City Limits.

This week we are comparing condominium and townhouse statistics for November 2019. Condominiums in Bozeman City limits sold for 98.5% of their asking price for an average of $376,736 while townhouses sold for 98.5% of their asking price for an average of $320,019.

20 condos have gone under contract and 25 sold in November. As for townhouses, 2 townhouses went under contract and 8 sold. 

There were a total of 85 condos for sale with an average days on market of 64. Only 27 townhouses were actively for sale with an average of 22 days on the market. If properties were on the market longer there are several factors that could have contributed to that; price, location, and layout.  

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Monday Market Update • December 9, 2019

It's time for our Monday Market Update for Bozeman City Limits.

This week we are comparing condominium and townhouse statistics for October 2019. Condominiums in Bozeman City limits sold for 98.1% of their asking price for an average of $335,792 while townhouses sold for 97.9% of their asking price for an average of $333,467.

28 condos have gone under contract and 42 sold in October. As for townhouses, 5 townhouses went under contract and 6 sold. 

There were a total of 99 condos for sale with an average days on market of 63. Only 31 townhouses were actively for sale with an average of 38 days on the market. If properties were on the market longer there are several factors that could have contributed to that; price, location, and layout.  

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Monday Market Update • November 11, 2019

It's time for our Monday Market Update for Bozeman City Limits.

This week we are comparing condominium and townhouse statistics for September 2019. Condominiums in Bozeman City limits sold for 99% of their asking price for an average of $360,324 while townhouses sold for 98.9% of their asking price for an average of $430,667.

27 condos have gone under contract and 21 sold in September. As for townhouses, 14 townhouses went under contract and 6 sold. 

There were a total of 100 condos for sale with an average days on market of 34. Only 37 townhouses were actively for sale with an average of 80 days on the market. If properties were on the market longer there are several factors that could have contributed to that; price, location, and…

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Monday Market Update • October 7, 2019

It's time for our Monday Market Update for Bozeman City Limits.

This week we are comparing condominium and townhouse statistics for August 2019. Condominiums in Bozeman City limits sold for 98.9% of their asking price for an average of $305,532 while townhouses sold for 97.4% of their asking price for an average of $432,786.

31 condos have gone under contract and 44 sold in August. As for townhouses, only 5 townhouses went under contract and 7 sold. 

There were a total of 100 condos for sale with an average days on market of 30. Only 35 townhouses were actively for sale with an average of 44 days on the market. If properties were on the market longer than 44 days there are several factors that could have contributed to that; price,…

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