Big Sky Homes For Sale: Ski Houses – Big Sky Luxury Homes, Fishing Cabins
–Average Sales Price, Number Homes For Sale, Average Days on Market – Big Sky, Montana Housing History – Very Few Single-Family Homes Under $1 Million in 2020…Perhaps a Condo?
|BIG SKY HOME SALES PRICE||JANUARY 2021||OCTOBER 2020||JULY 2020||APRIL 2020||JANUARY 2020|
|Average Sales Price||$2,462,3o0||$2,516,903||$2,369,998||$2,507,226||$2,316,742|
|Median Sales Price||$1,811,500||$1,850,000||$1,750,000||$1,825,000||$1,800,000|
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Up-To-Date Big Sky, Montana Residential Housing Graphs Below
January 2021: The average sales price (Chart 1) of Big Sky residential homes from late 2017 to the present has sharply risen, from ~$700,000 to above $1.1 million.
Chart 1: Covid-19 seems to have driven the “average sales price” increase in Big Sky this year. In 2021, the continued high demand for Big Sky, MT homes could push the average sales price to double over that of late 2017.
From January 2020 to January 2021, average sales price, $2,316,742, for Big Sky homes has increased ⇑ $145,558, to $2,462,3o0.
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; the number of Big Sky homes for sale has been dropping ever since. Presently there are about 62 homes for sale in Big Sky.
Chart 3: Since mid-2017, the duration of time–“average days on market”–Big Sky homes have been for sale has decreased, from 233 days to 145 days months in January 2021.
(Not charted): Since July 2020, “month’s supply of homes” has been falling. Presently, supply is about 3 months.
Average Days On Market and Absorption Rate
Average Days on Market (Chart 3) will generally decrease as the Absorption Rate (AR) increases.
Absorption Rate helps determine how long it may take the average home, condo, town-home, etc. to sell in a particular area and in a specific time range.
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 CITIES: BOZEMAN 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 59718 – Call 406.579.9683