Is Bozeman, 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, Bozeman has remained a Seller's Market.
Key Takeaway
Bozeman is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bozeman, MT
How much do homes in Bozeman, MT cost?
Median Sold Price
$774,835
$378/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bozeman have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Bozeman was $774,835 in May 2024, up 6.9% from last year, and the median price per square foot was $378.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $455K | $476K | +4.6% |
| 2 Bedrooms | $485K | $529.9K | +9.3% |
| 3 Bedrooms | $651.4K | $689.9K | +5.9% |
| 4 Bedrooms | $925K | $975K | +5.4% |
| 5+ Bedrooms | $1.1M | $1.1M | 0.0% |
Summary: Bozeman housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes did not change.
Housing Supply in Bozeman, MT
How many homes are available in Bozeman, MT?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 467 | 546 | +16.9% |
Summary: The Bozeman real estate market had 546 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 29 | +11.5% |
| 2 Bedrooms | 78 | 87 | +11.5% |
| 3 Bedrooms | 155 | 202 | +30.3% |
| 4 Bedrooms | 153 | 161 | +5.2% |
| 5+ Bedrooms | 55 | 67 | +21.8% |
Summary: The Bozeman housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 30.3%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 21.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 95 | +28.4% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bozeman, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Bozeman in May 2024, up by 28.4% month-over-month. Of the 95 sold homes, 51% were sold under asking, 26% were sold at asking, and 23% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 37 Days | -9.9% |
Summary: Homes in Bozeman had an average of 37 days on market in May 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
12 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 May 2024, 95 homes were sold in Bozeman; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.