Home Values in Bozeman Went up 28% in the Last 2 Years - Bozeman Real Estate Group

BOZEMAN REAL ESTATE BLOG

Home Values in Bozeman Went up 28% in the Last 2 Years

Home Values in Bozeman Went up 28% in the Last 2 Years

On Jan 20, 2021

There has been no better time to own a home in the Bozeman area. Bozeman's real estate market exploded in 2020 and we saw the median sale price of a single-family home in Bozeman increase by 20% in just 12 months, 28% in 24 months. If you have owned a home in the Bozeman area for more than 6 months, you have likely gained significant appreciation in your investment.

And that is not expected to change any time soon. The number of homes available for sale in Bozeman decreased 72% in 2020, while the number of people looking to buy has increased significantly. In years past, the majority of home buyers were able to find what they were looking for within a 6 – 12 month window, but because of Bozeman’s incredibly low inventory, there are many home buyers still out there looking. Click here for more on what is happening in Bozeman's real estate market.

So, as a homeowner, what does this mean for you?

If you are thinking of selling your home, not only can you get top-dollar for your investment, but the sale of your home will likely move quickly. Right now the average number of days a home in Bozeman spends on the market is just 32 days, compared to 75 days at the beginning of 2020. You will also have more negotiating power and you will be able to set terms of the sale that work for you. If your home is priced based on current market values, chances are you may see multiple offers from buyers.

If you’ve been thinking of selling your property in the Bozeman area, there has been no better time. Click here to find out what your home is worth now.


Homes We've Recently Sold

Listing Price $490,000

Under contract in 1 day, sold over asking price.

Listing Price $450,000

Under contract in 1 day, sold over asking price.

Listing Price $369,999

Under contract in 2 days, sold over asking price.

*data courtesy of the Big Sky Country MLS via InfoSparks


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