BOZEMAN REAL ESTATE BLOG
8 Crazy Stats About Bozeman's Real Estate Market
On Apr 08, 2021
Everyone keeps talking about how crazy Bozeman's real estate market is, but what do the numbers say? We ran through data from the Big Sky Country MLS and pulled some statistics about Bozeman's real estate market that you probably haven't seen.
#1. 43% of the single-family homes sold in Bozeman in the last 90 days sold for more than the asking price.
#2. 30% of the single-family homes sold in Bozeman in the last 90 days sold for cash.
#3. The number of real estate professionals in Southwest Montana has doubled in the last 5 years, with 1,523 licensed by the end of 2020.
#4. The number of homes sold over a million dollars in Bozeman increased 134% over the past year.
#5. The number of homes for sale in Bozeman is down 80% compared to this time last year.
#6. In March 2020, it took an average of 63 days for a single-family home under $500,000 to go under contract. By March 2021 it was an average of 12 days.
#7. The median price of a single-family home in Bozeman has increased by $150,000 in the past year.
#8. Out of state traffic on our website increased 93% in 2020. We saw the highest number of visitors coming from California, Utah, Texas, Colorado, Washington, Idaho, and Florida.
If you own a home in Bozeman and are thinking of selling, this is great news. Click here for our seller resources. If you are looking to buy a home in Bozeman, don't get discouraged! We can help you. Click here to see our resources for buyers.
*All the statistics in this post came from data provided by the Big Sky Country MLS.
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