Bozeman Housing Market: Trends, Prices and What's Changed Since 2024

Summary: Bozeman’s real estate market in 2025 is not the same high-speed, high-pressure environment we saw a few years ago. The pace has steadied, prices have softened slightly, and buyers have a bit more breathing room. Still, competition is alive and well—especially for homes that are priced competitively. 

A Subtle Shift in Median Sales Price
Year-to-date, the median sales price of a home in Bozeman is about $745,000—1.3% lower than the year-to-date median of $755,000 in 2024. This slight dip suggests a gentle correction rather than a sharp decline. For sellers, prices remain strong, but strategic, well-informed pricing is more important than ever.

For more details on monthly market trends, see our Market Report, updated monthly.

Home Sales at the High End Are Keeping the Median Sales Price Steady

The increasing inventory of homes on the market in 2025 has given buyers more options than during the frenzied pandemic years, prompting many sellers to drop their prices, but not enough to trigger major drops in the median sale price. 

Our take? Activity in the upper end of the market is holding the median sales price steady. Many buyers in this range have higher incomes, significant equity for larger down payments, or are purchasing with cash, making them less sensitive to rising interest rates. 

What It Means for Buyers and Sellers
For sellers, this is a market that rewards preparation. Price for today’s conditions, invest in presentation, and know that quality homes can still generate multiple offers. For buyers, the pace allows more time for decision-making, but competition remains for the best properties—pre-approval and readiness to move quickly are still essential.

In short, Bozeman’s 2025 market feels more balanced than in recent years. Prices remain steady, and buyers have the benefit of more options and a little extra time to make decisions. Sellers, on the other hand, are adapting to a climate where strong presentation and realistic pricing matter more than ever. After the rapid swings of the past few years, this balance suggests Bozeman’s market may be finding its footing.

Whether you’re buying or selling, our team can help you navigate the market with local expertise and insight.