| Recent Price Trends
Bozeman Real Estate Prices - Bozeman Real
Estate Values - Bozeman Montana Real Estate Statistics 2008 Through 2012 - Latest Southwest Montana Real Estate
Market Trends
Each year Housing
Predictor (a housing forecasting website) ranks top US cities for home
value appreciation.
In 2012, the
Bozeman MT housing market's home buyers, encouraged by very low
mortgage rates, should help increase Bozeman home sales in 2012. Housing
Predictor has
predicted that in 2012 prices of Bozeman homes will decline by an additional
4.2%.
The chart below shows the Bozeman real estate
market's 2011 residential real
estate history. January 1, 2011 to December 31, 2011 for all Bozeman's
residential housing areas (2B, 2FC, 2G, 2N, 2NW, 2T, 1SM, 1NE, 1NW, 1SK, 2SE,
2SW).
Note the
currently active number of Bozeman homes for sale January
2012:
|
Beds |
Current Active |
Average List Price |
Average *DOM |
|
All |
499 |
$590,494 |
228 |
|
All |
499 |
$590,494 |
228 |
|
0-1 |
11 |
$194,272 |
114 |
|
2 |
81 |
$316,720 |
249 |
|
3 |
221 |
$462,497 |
204 |
|
4 |
134 |
$733,130 |
234 |
|
5+ |
52 |
$1,277,194 |
305 |
*DOM = Days On Market
In 2011, Housing Predictor's Montana
rankings have four cities' home values trending
upward: Great Falls at a 2.9% increase, followed by Missoula, poised to rise
2.4%, Bozeman home values to rise 2.0% , and Billings
at 1.6% increase in home prices.
Pertaining to Montana real
estate prices for 2010, this housing forecaster had Montana real estate
prices dropping from 2.5% to 3.6% across the four, aforementioned Montana
cities.
Based on US housing data
received during 2009, Housing
Predictor published a top 25 US Housing
Market ranking. Five Montana cities placed in the top 25 for
2009: Bozeman 14th, Billings 18th, Livingston 20th, Great Falls 22nd, and
Missoula 25th.
In 2008,
Housing
Predictor Montana Rankings had five Montana cities
in the top 25 and two within the top 10 (you may recall that in January
2009, Billings ranked 3rd and Bozeman ranked 9th, placing both cities in the top
10 for US home values appreciation in 2009).
Below is a comparison chart
for regional, Gallatin County and Bozeman Real
Estate Prices, in 2008 and
2009:
|
SOUTHWEST MONTANA REAL ESTATE
ACTIVITY 2008-2009 |
# |
Total Volume |
Average |
Median |
DOM* |
|
FINAL
RESULTS YEAR 2008 VOLUME |
|
|
|
|
|
|
All Gallatin
County Montana |
Over
950 |
Over
$700M |
Over
$725K |
Over
$400K |
Over
150 |
|
Bozeman Real
Estate Area |
Over
550 |
Over
$350M |
Over
$650K |
Over
$400K |
Over
150 |
|
Belgrade Real
Estate Area |
Over
150 |
Over
$50M |
Over
$325K |
Over
$225K |
Over
125 |
|
Manhattan Real
Estate Area |
Over
35 |
Over
$20M |
Over
$550K |
Over
$350K |
Over
130 |
|
Three Forks Real
Estate Area |
Over
30 |
Over
$950K |
Over
$225K |
Over
$175K |
Over
150 |
|
Gallatin Canyon,
West Yellowstone, Big Sky Real Estate |
Over
125 |
Over
$225M |
Over
$1.5M |
Over
$125K |
Over
225 |
|
CURRENT
ACTIVITY YEAR 2009 VOLUME |
|
|
|
|
|
| All Gallatin County
Montana |
Over 875 |
Over $700M |
Over $800K |
Over $400K |
Over 175 |
| Bozeman Area Real Estate
|
Over 525 |
Over $375M |
Over $700K |
Over $400K |
Over 175 |
| Belgrade Area Real Estate
|
Over 125 |
Over $50M |
Over $400K |
Over $225K |
Over 150 |
| Manhattan Area Real Estate
|
Over 40 |
Over $20M |
Over $500K |
Over $250K |
Over 200 |
| Three Forks Area Real
Estate |
Over 40 |
Over $12M |
Over $300K |
Over $250K |
Over 125 |
| Gallatin Canyon, West
Yellowstone, Big Sky Real Estate |
Over 125 |
Over $225M |
Over $1.5M |
Over $1.1M |
Over
500 |
* DOM
= "Days On Market"
|
