Is Big Sky, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Sky is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Big Sky has remained a Buyer's Market.

Key Takeaway

Big Sky is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Big Sky, MT

How much do homes in Big Sky, MT cost?

Median Sold Price

$2,000,000

$786/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$5,000(+0.3%)

Key Takeaway

The sold price of homes in Big Sky has remained the same since last year.

Summary: The median home sold price in Big Sky was $2,000,000 in February 2024, up 0.3% from last year, and the median price per square foot was $786.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $600K$457.5K
-23.8%
2 $900K$843.6K
-6.3%
3 $1.7M$1.5M
-8.9%
4 $2.7M$2.6M
-4.6%
5+ $3.9M$4.2M
+6.6%

Summary: Big Sky housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.8%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Gallatin Gateway
+5.0%
Big Sky
0.3%

Housing Supply in Big Sky, MT

How many homes are available in Big Sky, MT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
107105-1.9%

Summary: The Big Sky real estate market had 105 homes for sale in February 2024, a 1.9% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 43
-25.0%
2 1112
+9.1%
3 2932
+10.3%
4 3636
0.0%
5+ 2722
-18.5%

Summary: The Big Sky housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 18.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Big Sky, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Big Sky in February 2024, down by 38.5% month-over-month. Of the 8 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Big Sky, MT

How long does it take to sell a home in Big Sky, MT?

Average Sale Time

Feb 2023Feb 2024CHANGE
71 Days189 Days+164.3%

Summary: Homes in Big Sky had an average of 189 days on market in Feb 2024, up by 164.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Big Sky are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 8 homes were sold in Big Sky; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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