Is Big Sky, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$2,000,000
$764/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Big Sky was $2,000,000 in April 2024, up 0.6% from last year, and the median price per square foot was $764.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $600K | $445K | -25.8% |
2 Bedrooms | $875K | $827.3K | -5.4% |
3 Bedrooms | $1.7M | $1.4M | -13.1% |
4 Bedrooms | $2.7M | $2.4M | -10.9% |
5+ Bedrooms | $4.2M | $3.9M | -6.5% |
Summary: Big Sky housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
Gallatin Gateway | $850K | $910K | +7.1% |
Big Sky | $1.9M | $2.0M | +0.6% |
Housing Supply in Big Sky, MT
How many homes are available in Big Sky, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 96 | -6.8% |
Summary: The Big Sky real estate market had 96 homes for sale in April 2024, a 6.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 26 | 23 | -11.5% |
4 Bedrooms | 38 | 32 | -15.8% |
5+ Bedrooms | 23 | 21 | -8.7% |
Summary: The Big Sky housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 8.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Big Sky in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
79 Days | 127 Days | +59.5% |
Summary: Homes in Big Sky had an average of 127 days on market in Apr 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Big Sky; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.