The number of days a home currently spends on the market in Bozeman is just 24 days, 51% lower than it was 1 year ago. We have seen incredibly low inventory over the last year, with the number of homes for sale in Bozeman 62% lower than at this time 5 years ago. This low inventory combined with increased demand as Bozeman's population grows means it is a seller's market in Bozeman.
It depends on your home’s location, price point, and the marketing behind it. According to Bozeman Real Estate Group agent Tyler Wilkinson, if your home is priced competitively and marketed well, don’t be surprised if you see multiple offers within a few days of listing. Find out more about marketing your home for sale here. With more people moving to Bozeman than ever before the lack of supply is making homes sell even faster and driving prices higher.
If you’re wondering about the return on your investment, take a look at these numbers. The median sale price of a home in Bozeman has increased nearly 50% since the beginning of 2020, reaching a median sold price of $800,000 for single-family homes, $527,500 for townhomes, and $442,000 for condos. Click here for the most recent market stats.
That same trend is echoed in the areas that surround Bozeman like Belgrade, Manhattan, Livingston, Three Forks, and Big Sky. As Gallatin County’s population growth continues, the low inventory and high demand for housing put the cards in the seller’s hands. If you are thinking about selling your home in the Bozeman area, we are here to help. View our seller resources here, give us a call at 406-587-1717 or send a message to email@example.com.
*Statistics provided by the Big Sky Country MLS via InfoSparks.