2026 Bozeman Luxury Market Report (Homes, Condos, Townhomes Over $1,000,000)
Luxury Prices ⇓, Closed Sales ⇓, Inventory ⇑, Days on Market ⇑
| QUARTER | MEDIAN PRICE | CLOSED SALES |
| Q1 2026 | $1,400,000 | 51 |
| Q1 2025 | $1,450,000 | 59 |
| Q1 2024 | $1,481,500 | 67 |
| Q1 2023 | $1,449,500 | 40 |
| Q1 2022 | $1,459,994 | 64 |
Taunya Fagan Bozeman Luxury Market Review – Price Trends, Sales Numbers, Inventory
Chart 1: Looking at Q1 2026 prices, the quarterly trend in the whole Bozeman luxury real estate market is down ⇓ $50,000 or ⇓ 3.4% from Q1 2025.
Median prices in Bozeman’s luxury markets: “inside the city” and “outside the city” have been rising and falling for a number of years but remain around $1,4000,000.
Inside the city of Bozeman, the median price was $1,345,000 in Q1 2026.
(The all-time record median home prices were outside Bozeman’s city limits in Q4 2010 and Q2 2005.)
Outside Bozeman’s city limits, the Q1 2026 median price came in at $1,450,000.
Number of properties for sale in Bozeman’s luxury market
Chart 2: The median number of luxury properties for sale in Q1 2026 in all of Bozeman was 106, ⇑ 25 from Q1 2025 (81).
The number of residential properties rose from 90 at the end of Q1 2022 to Q2 2025’2 308 to Q1 2026’s 106 (184 in May 2026).
Listings/Inventory have increased since Q1 2022:
Inside the city of Bozeman, the median number of luxury properties for sale in Q1 2026, was 51.
Inside Bozeman’s city limits, prior to this quarter, the record high median number of luxury properties for sale in the last decade was 78 in Q3 2025.
Last quarter, outside Bozeman, the median was 80 luxury properties for sale.
Outside Bozeman’s city limits, prior to this quarter, the record high median of luxury properties for sale in the last decade was 144 in Q3 2024.
In Q1 2024, the median number for sale was 118 luxury properties in all of Bozeman, MT.
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 17 pending sales in all of Bozeman.
By September (Q3) 2020’s end, there were 52 pending luxury sales in all of Bozeman. Every 3rd quarter since Q3 2020 has seen pendings of over 50 properties.
Inside Bozeman there were 26 pendings at the end of Q1 2026.
Outside the city there are 30 luxury pendings at the end of Q1 2026.
SUMMARY: close to the end of Q2 2026, Bozeman prices and closed sales are declining while days on market and inventory are increasing.
