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 neutral's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Big Sky was a Seller's Market.

Key Takeaway

Big Sky is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Big Sky, MT cost?

Median Sold Price

$1,947,500

$787/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$850,500(+77.5%)

Key Takeaway

Homes in Big Sky have sold for 77.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $285K$600K
+110.5%
2 $599.9K$850K
+41.7%
3 $980K$1.7M
+74.9%
4 $1.7M$2.4M
+43.1%
5+ $2.8M$4.7M
+66.7%

Median Sold Price Compared To Nearby Cities

Big Sky
+77.5%
Gallatin Gateway
+25.0%

How many homes are available in Big Sky, MT?

Number of Homes For Sale

Sep 2022Oct 2022%
7466-10.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 54
-20.0%
2 66
0.0%
3 3330
-9.1%
4 2522
-12.0%
5+ 54
-20.0%

Number of Homes Sold

Sep 2022Oct 2022%
1211-8.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 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. 54.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
21 Days53 Days+146.0%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Big Sky are selling fast, if you're buying plan to act quickly.

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

About Big Sky, MT

Big Sky, MT has 66 homes on the market. In October 2022 in Big Sky, MT there were 10.8% less homes for sale than in September 2022. In October 2022, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $1,947,500. Real estate listing prices changed between September 2022 and October 2022: 1 bedroom properties prices increased by 110.5%, prices of 2 bedrooms properties went up by 41.7%, prices of 3 bedrooms properties went up by 74.9%, prices of 4 bedrooms properties went up by 43.1%, prices of 5 bedrooms properties increased by 66.7%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went down by 20%, the quantity of 2 bedrooms homes have not changed, the quantity of 3 bedrooms homes went down by 9.1%, the quantity of 4 bedrooms homes went down by 12%, volume of 5 bedrooms homes went down by 20%. While more than 2 listings in Big Sky, MT in October 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 6 were sold below.

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