Is Big Sky, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Big Sky has remained a Buyer's Market.
Housing Prices in Big Sky, MT
How much do homes in Big Sky, MT cost?
Median Sold Price
$2,100,000
$751/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Big Sky was $2,100,000 in March 2024, up 5.3% from last year, and the median price per square foot was $751.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $440K | -26.7% |
2 Bedrooms | $900K | $843.6K | -6.3% |
3 Bedrooms | $1.7M | $1.5M | -11.9% |
4 Bedrooms | $2.8M | $2.5M | -11.5% |
5+ Bedrooms | $3.9M | $3.9M | -0.6% |
Summary: Big Sky housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
Big Sky | $1.9M | $2.1M | +5.3% |
Gallatin Gateway | $890K | $884.7K | -0.6% |
Housing Supply in Big Sky, MT
How many homes are available in Big Sky, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 110 | +4.8% |
Summary: The Big Sky real estate market had 110 homes for sale in March 2024, a 4.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 31 | 29 | -6.5% |
4 Bedrooms | 38 | 37 | -2.6% |
5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Big Sky housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Big Sky in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 136 Days | +48.8% |
Summary: Homes in Big Sky had an average of 136 days on market in Mar 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Big Sky; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.