April 18th, 2022

Big Sky Homes For Sale

Big Sky Montana Homes For Sale

Big Sky Homes For Sale: Ski Homes

April 2022: Big Sky Homes Cost $3,137,500 (median) Perhaps a Condo?

Big Sky Home Listings Under $200000Big Sky Luxury Listings $800000 to $900000
Big Sky Home Listings $200000 to $300000Big Sky Luxury Listings $900000 to 1 million
Big Sky Home Listings $300000 to $400000Big Sky Luxury Listings 1 million to 2 million
Big Sky Home Listings $400000 to $500000Big Sky Luxury Listings 2 million to 3 million
Big Sky Home Listings $500000 to $600000Big Sky Luxury Listings 3 million to 4 million
Big Sky Home Listings $600000 to $700000Big Sky Luxury Listings 4 million to 5 million
Big Sky Luxury Listings $700000 to $800000Big Sky Luxury Listings over 5 million
Build Your Home On Big Sky Land Take A Peak At Big Sky Condos

Median Sales Price, Number Homes For Sale, Days On Market – Big Sky, Montana Housing Market

SALES PRICEMEDIAN PRICECLOSED SALES
APR 2022$3,137,50074
JAN 2022$2,997,50082
OCT 2021$2,536,200100
JUL 2021$2,400,000139
APR 2021$1,987,500110

Chart 1: April 2022: The median sales price of Big Sky homes from April 2021 to the present has risen, from $1,987,500 to $3,137,500.

Photo Median Price of Big Sky Residential Property For Sale 2016 to Present
Chart 1: Median sales price for Big Sky homes.

This is an ⇑ $1,150000 or a ⇑ 57.9% increase in sales price in the last year. The last 3 year’s the pace of price increases continues in 2022.

Chart 1: Looking from April 2021’s price of $1,987,500 to December 2021’s price of $3,000,000, Big Sky homes increased ⇑ $1,012,500 or ⇑ 51% to the end of 2021. 

Covid-19, construction materials inflation, labor shortages, and low inventory were the major drivers of price increases in Big Sky in 2020 and 2021.

Today, in 2022, the data suggest demand and prices for Big Sky homes will continue to rise in 2022.

Chart 2: For years, the number of Big Sky homes for sale dropped until turning upward in October 2019, topping out at 71 in July 2020.

Photo Number of Homes For Sale in Big Sky
Chart 2: Number of of Big Sky homes for sale.

The number of Big Sky homes for sale in late Q4 2021 continues dropping. Presently there are about 28 homes for sale in Big Sky.

Chart 3: Since July 2017, the duration of time–average days on market–has decreased for a Big Sky home, dropping from 247 days to 82 days in April 2022.

(Not charted): Since July 2020, when month’s supply of  homes was 9.9 months, this number has been declining. In Q2 2022, supply is 2.8 months.

Determining Absorption Rate in Real Estate Using Average Days On Market

Absorption Rate helps determine how long it may take a type of property to sell in a particular area and in a specific time range. 

Photo Average Days On Market of Big Sky, Montana Homes For Sale
Chart 3: Average days on market for Big Sky homes

Average days on market (chart 3) will generally decrease as the Absorption Rate (AR) increases.

This AR is determined by dividing the number of active homes for sale in a given month by the number of homes sold in a given month.

A rate above ~18-20% suggests a seller’s market and a rate below ~15-17% signals a buyer’s market.

Absorption Rate = Active Listings/Sold Listings


 LISTINGS IN OTHER SOUTHWEST MONTANA CITIESBOZEMAN REAL ESTATE LISTINGS – BELGRADE MT REAL ESTATE LISTINGS – BIG SKY REAL ESTATE LISTINGS – GALLATIN GATEWAY MONTANA REAL ESTATE LISTINGS – LIVINGSTON MONTANA REAL ESTATE LISTINGS – MANHATTAN MT REAL ESTATE LISTINGS – THREE FORKS MONTANA REAL ESTATE LISTINGS – BRIDGER CANYON REAL ESTATE JACKSON CREEK HOMES

Taunya Fagan, Big Sky Real Estate – Boutique Luxury @ ESTATE House, 3960 Valley Commons Drive, Suite 1, Bozeman, MT 59718Call 406.579.9683 

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Taunya Fagan

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