Is Bozeman, 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, Bozeman has remained a Seller's Market.
Housing Prices in Bozeman, MT
How much do homes in Bozeman, MT cost?
Median Sold Price
$755,508
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bozeman was $755,508 in March 2024, up 10.3% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $570K | $461K | -19.1% |
2 Bedrooms | $479.9K | $515K | +7.3% |
3 Bedrooms | $639K | $680K | +6.4% |
4 Bedrooms | $890K | $958K | +7.6% |
5+ Bedrooms | $980K | $1.1M | +17.3% |
Summary: Bozeman housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 17.3%.
Housing Supply in Bozeman, MT
How many homes are available in Bozeman, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
344 | 391 | +13.7% |
Summary: The Bozeman real estate market had 391 homes for sale in March 2024, a 13.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 22 | +29.4% |
2 Bedrooms | 56 | 62 | +10.7% |
3 Bedrooms | 129 | 152 | +17.8% |
4 Bedrooms | 108 | 113 | +4.6% |
5+ Bedrooms | 34 | 42 | +23.5% |
Summary: The Bozeman housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 17.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 74 | +34.5% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Bozeman in March 2024, up by 34.5% month-over-month. Of the 74 sold homes, 62% were sold under asking, 27% were sold at asking, and 11% were sold over asking.
Days on Market for Bozeman, MT
How long does it take to sell a home in Bozeman, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 48 Days | -8.1% |
Summary: Homes in Bozeman had an average of 48 days on market in Mar 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 74 homes were sold in Bozeman; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.