2025 Bozeman Luxury Market Report (Over $1,000,000 – Homes, Condos, Townhomes)
Luxury Prices ⇓, Closed Sales ⇑, Inventory ⇑, Days on Market ⇓
| QUARTER | MEDIAN PRICE | CLOSED SALES |
| Q2 2025 | $1,187,000 | 72 |
| Q1 2025 | $1,450,000 | 59 |
| Q4 2024 | $1,362,500 | 76 |
| Q3 2024 | $1,455,000 | 78 |
| Q2 2024 | $1,498,350 | 94 |
Taunya Fagan Bozeman Luxury Market Review – Price Trends, Sales Numbers, Inventory
Chart 1: Looking at Q2 2025 prices, the quarterly trend in the whole Bozeman luxury real estate market is down: ⇓ $25,500 or ⇓ 2%.
Bozeman’s overall median price inside and outside the city for 2024 was $1,440,00; in 2023 it was $1,295,000.
Prices in Bozeman’s luxury markets: “inside the city” and “outside the city” have been rising and falling for a number of years.
Inside the city of Bozeman, the median price was $1,187,000 in Q2 2025.
(The all-time record median home price was outside Bozeman’s city limits in Q3 2014 and Q2 2021.)
Outside Bozeman’s city limits, the Q2 2025 median price came in at $1,452,500.
Number of properties for sale in Bozeman’s luxury market
Chart 2: The number of luxury properties for sale in Q2 in all of Bozeman was 308, ⇑ 99 from Q1 2025.
The number rose from 90 at the end of Q1 2022 to Q2 2025’2 308 properties for sale.
Listings/Inventory have increased since Q1 2022:
Inside the city of Bozeman, the number of luxury properties for sale is 110.
Inside Bozeman’s city limits, prior to this quarter, the record high number of luxury properties for sale in the last decade was 101 in Q3 2024.
Presently, outside Bozeman, there are 198 luxury properties for sale.
Outside Bozeman’s city limits, prior to this quarter, the record high number of luxury properties for sale in the last decade was 207 in Q3 2024.
In Q3 2024, there were 308 luxury properties for sale in all of Bozeman, MT…present numbers tie/are equal to this.
Pending Sales in Bozeman’s luxury market
Chart 3: The number of pendings in all of Bozeman’s luxury markets began increasing in Q1 2020, a bit prior to Covid hitting the streets of Bozeman.
At that time, there were 11 pending sales in all of Bozeman.
By September (Q3) 2021’s end, there were 94 pending luxury sales in all of Bozeman.
Inside Bozeman there are 33 pendings.
Outside the city there are 59 luxury pendings.
SUMMARY: well into Q3 2025, Bozeman prices and days on market are decreasing but pendings, inventory, and solds are increasing.
