Bozeman Montana Real Estate Market - Bozeman Real Estate Group

Bozeman Market Report

Is Bozeman, MT a buyer’s
or seller’s market?


This snapshot of Bozeman's housing market is based on the months supply of inventory and is calculated by dividing the number of homes on the market by the number of homes that have sold in the last month.

A BUYERS
MARKET
NEUTRAL
MARKET
A SELLERS
MARKET
Needle

How much do homes cost
in Bozeman, MT?


This median sold price includes single-family homes, condos, and townhomes and is based on monthly data.

$762,000

(+2%) Year Over Year Change

What do different types of homes cost?


This is the median price for each home type sold in the specified area. The median sold price is based on monthly data and can be skewed by the sale of a few higher-than-normal-priced listings.

Type January 2023 January 2024 Year Over Year Change

Single Family

$899,000

$979,500

9%

Townhome

$1,020,650

$540,000

47%

Condo

$425,000

$620,500

46%

What do homes cost in other areas?


This is the median price for which single-family homes, condos, and townhomes were sold in the specified area. This number is based on monthly data.

City January 2023 January 2024 Year Over Year Change

$900,000

$2,071,000

130%

$506,250

$482,500

5%

$440,000

$369,000

16%

$400,625

$560,000

40%

$750,000

$752,500

0%

How many homes have sold in Bozeman, MT?


This is the total number of residential properties (single family homes, condos and townhomes) sold in this area during the reported month.

January 2023

54

January 2024

60

Year Over Year Change

11%

How Many Homes Sold Over the
Asking Price in Bozeman, MT?


This is calculating how many homes sold (including single-family, condo, and townhomes in the specified area) for over the asking price vs under the asking price in the past month.

39 Homes Were Sold
Under Asking Price

15 Homes Were Sold
At Asking Price

6 Homes Were Sold
Over Asking Price

What Percentage of the Listing
Price Are Sellers Getting?


The original price received is the average of the sales price divided by the original list price expressed as a percentage.

93.4%

2% Year Over Year Change

How long does a home spend on the market?


This is the median number of days between when a home is listed and when it goes under contract.

January 2023

52

January 2024

36

Year Over Year Change

31%

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