$10,000 Closing Credit*
$1,600,000
1,536 SqFt
2 Beds
•1 Full Bath
Dan Delzer, Listing Office: ERA Landmark of Big Sky
Is Big Sky, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Big Sky was a Neutral 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
$811/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$75,000(-3.6%)
Key Takeaway
Homes in Big Sky have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Big Sky was $2,000,000 in August 2024, down 3.6% from last year, and the median price per square foot was $811.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $453.7K | $460K | +1.4% |
| 2 Bedrooms | $857.5K | $815K | -5.0% |
| 3 Bedrooms | $2.0M | $1.2M | -40.2% |
| 4 Bedrooms | $2.7M | $2.4M | -10.1% |
| 5+ Bedrooms | $4.5M | $7.6M | +65.9% |
Summary: Big Sky housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 40.2%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 65.9%.
Median Sold Price Compared To Nearby Cities
| Gallatin Gateway | $860K | $1.0M | +17.4% |
| Big Sky | $2.0M | $2.0M | -3.6% |
Housing Supply in Big Sky, MT
How many homes are available in Big Sky, MT?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 140 | 152 | +8.6% |
Summary: The Big Sky real estate market had 152 homes for sale in August 2024, a 8.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 46 | 50 | +8.7% |
| 4 Bedrooms | 38 | 39 | +2.6% |
| 5+ Bedrooms | 31 | 33 | +6.5% |
Summary: The Big Sky housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 15 | +400.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Big Sky, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Big Sky in August 2024, up by 400.0% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 96 Days | 154 Days | +61.3% |
Summary: Homes in Big Sky had an average of 154 days on market in Aug 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
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 August 2024, 15 homes were sold in Big Sky; 13% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.