2020 Big Sky Real Estate Report – Big Sky Historical Real Estate Market Data
Big Sky Real Estate Report, Market Update – Prices, History, Trends, Sales, Conditions, Forecast, Statistics On These Pages For Big Sky Homes, Big Sky Land, and Big Sky Condos and Townhouses.
History, Big Sky Real Estate: Median Sales Prices, Number Of Homes For Sale By Year
Since January 2012, median real estate sales prices for Big Sky have more than doubled, and the number of homes for sale has dropped by more than 50%. (see charts below).
Chart 1: Big Sky Real Estate Median Sales Price History
Median sales prices have declined by about $60,000 from June 2019 into February 2020.
But, from January 2018 to June 2019, the median price (chart 1) for residential real estate increased by approximately $250,000.
From June 2017 to December 2017, the median sales price for residential real estate in Big Sky increased by over $300,000.
The number of Big Sky homes for sale (chart 2) began dropping in early 2015 and continued until July 2019. The number of homes for sale began increasing in October 2019.
Chart 2: History, Big Sky, Montana Homes For Sale
In 2017, the Big Sky real estate report found median sales prices trending upward toward the middle of the year (as prices have done in the past few years).
Compared to 2015 and 2016, though, 2017’s increasing trend began at a lower price point, about $425,000.
In 2016, the median sales price topped in Q1, declining through Q2, Q3, and Q4, dropping about $50,000.
In June 2016, Q1 and Q2 Big Sky Homes and Land inventory was declining and median home sale prices continued increasing. The median price for residential real estate in Big Sky was about $465,000 by
Chart 3: Big Sky Real Estate Median Homes Sales Price By Price Range
mid-year 2016.
In early 2015 and 2016, Big Sky median home sales prices began at about $460,000 and $475,000 respectively.
In 2015, the fickle year, median Big Sky real estate sales prices topped at roughly the end of Q1, start of Q2.
During these second and third quarters, median sales prices bottomed twice, once in May, once in August, both to about $425,000.
But by late 2015 (Q4), Big Sky real estate median prices climbed to their highest point in 2015.
The number of properties for sale in Big Sky generally increases in late summer/fall as owners anticipate the winter buying season.
Chart 4: Big Sky Real Estate Median Homes Sales Price by Property Type
Chart 5: Big Sky MT Real Estate Median Homes Sales Price By Square Footage
Chart 6: Big Sky Montana Real Estate Median Homes Sales Price By Year Built
