Is Big Sky, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$2,100,000
$815/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Big Sky was $2,100,000 in May 2024, up 5.3% from last year, and the median price per square foot was $815.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $469K | $457.5K | -2.5% |
2 Bedrooms | $875K | $843.6K | -3.6% |
3 Bedrooms | $1.9M | $1.3M | -27.6% |
4 Bedrooms | $2.4M | $2.4M | -1.5% |
5+ Bedrooms | $5.3M | $5.3M | 0.5% |
Summary: Big Sky housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes decreased by 27.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 0.5%.
Median Sold Price Compared To Nearby Cities
Gallatin Gateway | $829K | $950K | +14.6% |
Big Sky | $1.9M | $2.1M | +5.3% |
Housing Supply in Big Sky, MT
How many homes are available in Big Sky, MT?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 99 | -2.9% |
Summary: The Big Sky real estate market had 99 homes for sale in May 2024, a 2.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 16 | 15 | -6.3% |
3 Bedrooms | 23 | 23 | 0.0% |
4 Bedrooms | 32 | 31 | -3.1% |
5+ Bedrooms | 27 | 26 | -3.7% |
Summary: The Big Sky housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 3.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 12 | +33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Big Sky in May 2024, up by 33.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
120 Days | 71 Days | -40.9% |
Summary: Homes in Big Sky had an average of 71 days on market in May 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Big Sky; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.