Is Big Sky, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$1,888,888
$822/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Big Sky have sold for 8.4% less than they did a year ago.
Summary: The median home sold price in Big Sky was $1,888,888 in June 2024, down 8.4% from last year, and the median price per square foot was $822.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $486.2K | $470K | -3.3% |
| 2 Bedrooms | $865K | $827.3K | -4.3% |
| 3 Bedrooms | $2.0M | $1.2M | -41.0% |
| 4 Bedrooms | $2.4M | $2.4M | -1.5% |
| 5+ Bedrooms | $5.2M | $7.2M | +38.1% |
Summary: Big Sky housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 41%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 38.1%.
Median Sold Price Compared To Nearby Cities
| Gallatin Gateway | $845K | $951.7K | +12.6% |
| Big Sky | $2.0M | $1.8M | -8.4% |
Housing Supply in Big Sky, MT
How many homes are available in Big Sky, MT?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 105 | 122 | +16.2% |
Summary: The Big Sky real estate market had 122 homes for sale in June 2024, a 16.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 8 | +100.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 27 | 36 | +33.3% |
| 4 Bedrooms | 33 | 35 | +6.1% |
| 5+ Bedrooms | 27 | 28 | +3.7% |
Summary: The Big Sky housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
5 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Big Sky in June 2024, down by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 120 Days | 198 Days | +64.6% |
Summary: Homes in Big Sky had an average of 198 days on market in Jun 2024, up by 64.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 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 June 2024, 8 homes were sold in Big Sky; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 75% 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.