November 30th, 2022

Big Sky Condos For Sale

Thunder Wolf Big Sky Condos For Sale - ©Brett Fagan 2020

Big Sky Condos For Sale – Luxury Townhomes

Big Sky Luxury Condominiums and Townhouses – Golf – Ski-In-Ski-Out

Big Sky Condo Listings Under $500,000Big Sky Condo Listings $1 Million To $3 Million
Big Sky Condo Listings $500,000 To $1 MillionBig Sky Condo Listings Over $3 Million

Big Sky Realty Report – ‘Want a Big Sky Home?

Q4 2022 update: Big Sky’s condo-townhouse market continues up!

Photo Median condo and townhome prices Big Sky, Montana.
Chart 1: Median condo (black) and townhome (blue) prices Big Sky, Montana.

Chart 1: Median sales prices ⇑ continue increasing for Big Sky condos and town houses.

Q42022: Together, Big Sky condo and townhome median prices continue upward.

Prices have increased from the Q1 price of $1,087,500 to the Q4 price of $1,987,500, which is ⇑ $900,000 or ⇑ $82.8% from Q1 2022 to Q4 2022.

Presently, there are 144 condos and 3 townhomes for sale in Big Sky.

Looking back at the last 2 years in Big Sky:

Since the end of Q3 2020, townhouse prices have increased from $890,000 to $1,870,000, up ⇑ 110% or a ⇑ $980,000 increase in the last 27 months.

Photo Big Sky condo (black), townhouse (blue) closed sales history 2012 to 2022
Chart 2: Big Sky condo (black), townhouse (blue) closed sales history 2012 to 2022.

After the Coronavirus scare took hold of the country in March 2020, people began leaving urban areas for less populated suburban and rural regions like Big Sky, MT.

By Q2 2020, justifiable fears of catching Covid, especially in large, regional centers, coupled with favorable spring weather motivated scores to seek less populated recreational regions like Big Sky, driving up condo and townhome prices.

From Q1 2020 to Q1 2021, condo and townhome prices rose, moving from $397,500 to $1,087,500, a ⇑ $690,000, ⇑ 174% increase in just 12 months.

Chart 2: Big Sky condo and townhouse closed sales history: Closed sales began their upward trend in Q2 2020 and skyrocketed until beginning a downward trend in Q4 2020.

Closed sales have been decreasing most of 2022. Twenty-three condos and 1 townhome have closed this quarter.

Presently, days on market (DOM) is 49.

There are 147 condos and townhomes for sale in Q4 2022, 144 condos and 3 townhomes.

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Taunya Fagan

Giving you the advantage