November 10th, 2023

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 2023 update: Median Big Sky condo and home price combined is $2,400,000.

Photo Big Sky condo, townhouse closed sales history 2013 to 2023.
Chart 1: Condo (black) and home (blue) prices Big Sky, Montana (townhome – turquoise).

Chart 1: At the beginning of Q4 2023, sales price is down just a bit for Big Sky condos (few townhomes), $2,250,000 and up for homes, $4,210,250.

Q4 2022: Big Sky condo price was $1,570,688 and home price was $4,089,004, up from the Q4 2021 condo price of $1,150,000 and home price of $3,375,000.

In 2020, the Q4 condo price was $780,000 and the  Q4 home price was $1,925,000.

Presently, there are 144 condos (3 townhomes) and 53 homes for sale in Big Sky.

Looking back at condos and townhomes (very few townhome’s), 2020 to 2022:

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

Photo Big Sky condo and home closed sales history 2013 to 2023.
Chart 2: Big Sky condo (black) and home (blue) closed sales history 2013 to 2023 (townhome – turquoise).

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 home 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 increasing in 2023.

Days on Market has been up for homes and down for condos in 2023.

Days on market (DOM) was 118 for condos and 131 for homes in Q4 2022.

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Taunya Fagan

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