Is Bozeman, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bozeman was a Seller's Market.
Key Takeaway
Bozeman is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Bozeman, MT
How much do homes in Bozeman, MT cost?
Median Sold Price
$765,625
$376/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bozeman have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Bozeman was $765,625 in April 2024, up 13.2% from last year, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455K | $485K | +6.6% |
| 2 Bedrooms | $470K | $529.9K | +12.7% |
| 3 Bedrooms | $635K | $682.6K | +7.5% |
| 4 Bedrooms | $910.7K | $962.5K | +5.7% |
| 5+ Bedrooms | $974.5K | $1.1M | +18.0% |
Summary: Bozeman housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 18%.
Housing Supply in Bozeman, MT
How many homes are available in Bozeman, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 384 | 462 | +20.3% |
Summary: The Bozeman real estate market had 462 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 25 | +19.0% |
| 2 Bedrooms | 63 | 79 | +25.4% |
| 3 Bedrooms | 148 | 161 | +8.8% |
| 4 Bedrooms | 113 | 146 | +29.2% |
| 5+ Bedrooms | 39 | 51 | +30.8% |
Summary: The Bozeman housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 25.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 71 | -2.7% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bozeman, you may be able to get a good deal. 62% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Bozeman in April 2024, down by 2.7% month-over-month. Of the 71 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 42 Days | +26.6% |
Summary: Homes in Bozeman had an average of 42 days on market in Apr 2024, up by 26.6% compared to last year.
Breakdown of Home Sale Times
49 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bozeman are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 71 homes were sold in Bozeman; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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.