Is Bozeman, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bozeman is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bozeman was a Seller's Market.

Key Takeaway

Bozeman is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bozeman, MT

How much do homes in Bozeman, MT cost?

Median Sold Price

$750,000

$377/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+0.4%)

Key Takeaway

The sold price of homes in Bozeman has remained the same since last year.

Summary: The median home sold price in Bozeman was $750,000 in October 2024, up 0.4% from last year, and the median price per square foot was $377.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $507K$396K
-21.9%
2 $495K$510K
+3.0%
3 $667.2K$679.3K
+1.8%
4 $950K$954.4K
0.5%
5+ $1.1M$1.2M
+4.3%

Summary: Bozeman housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 4.3%.

Housing Supply in Bozeman, MT

How many homes are available in Bozeman, MT?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
534546+2.2%

Summary: The Bozeman real estate market had 546 homes for sale in October 2024, a 2.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1820
+11.1%
2 8487
+3.6%
3 220225
+2.3%
4 140136
-2.9%
5+ 7278
+8.3%

Summary: The Bozeman housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8075-6.3%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bozeman, you may be able to get a good deal. 74.7% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Bozeman in October 2024, down by 6.3% month-over-month. Of the 75 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% 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

Oct 2023Oct 2024CHANGE
50 Days42 Days-17.0%

Summary: Homes in Bozeman had an average of 42 days on market in Oct 2024, down by 17% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bozeman are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 75 homes were sold in Bozeman; 53% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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