April 29th, 2021

Big Sky Homes For Sale

Big Sky Montana Homes For Sale

Big Sky Homes For Sale: Ski Houses, Luxury Homes

Median Price: Homes Cost $1,552,500 in Big Sky, Montana Perhaps a Condo?

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

Average Sales Price, Number Homes For Sale, Average Days on Market – Big Sky, Montana Housing Market

BIG SKY HOME SALES PRICEAVERAGE SALES PRICEMEDIAN SALES PRICE
APRIL 2021$2,421,000$1,552,500
JANUARY 2021$2,462,300$1,811,500
OCTOBER 2020$2,516,903$1,850,000
JULY 2020$2,369,998$1,750,000
APRIL 2020$2,507,226$1,825,000

Chart 1: April 2021: The median sales price of Big Sky homes from October 2017 to the present has sharply risen, from $746,000 to $1,552,000. This is an $806,000 or a 108% increase in sales price in just 4 years.

Chart 1: Average Price of Big Sky Residential Property For Sale 2013-Present
Chart 1: Median sales price for Big Sky homes.

Chart 1: Covid-19 seems to have driven the sales price increase in Big Sky in 2020.

In 2021, chart 1 suggests the demand for Big Sky homes has softened.

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.

Chart 2: 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 Q2 2021 continues dropping. Presently there are about 54 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 for sale, changing from 233 days to 144 days in April 2021.

(Not charted): Since June 2020, when month’s supply of  homes was 11 months, this number has been declining. In Q2 2021, supply is 6.3 months.

Average Days On Market and Determining Absorption Rate

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

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

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 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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