2021 Big Sky Real Estate Report – Big Sky Market Data
Big Sky Real Estate Market Report: Residential Prices, Sales Trends. Forecast For Homes, Condos & Townhouses.
Chart 1: Q2 2021, median sales prices ⇑ for all residential real estate continue upward in Big Sky, Montana.
April 2021, the median price for a Big Sky home is $1,880,000, up ⇑ $80,000 from the January 2021 price of $1,800,000.
April 2021, the median price for a Big Sky condo is $725,000, which is ⇑ $10,500 higher than the January 2021 price.
April 2021, the median price for a Big Sky townhome is $1,067,500, which is up ⇑ $32,500 from January 2021’s $1,035,000.
Median sales prices for all residential were $707,00 in January 2019, then dropped ⇓ $12,000, to $695,000 in January 2020.
In Q2 2021 median residential price (red line) has dramatically increased, up ⇑ $402,000, to $1,097,000!
Chart 2: The number of residential dwellings ⇓ for sale in Big Sky, MT has been decreasing since June 2020 and continues downward in mid-Q2 2021.
From late 2014 until mid-2019, the number of homes for sale in Big Sky decreased, then increased for a year (June 2019 to June 2020).
The total number of dwellings for sale in Big Sky in Q2 2021 is 152: 54 homes, 96 condos, and 2 townhomes.
Chart 3: Big Sky’s overall closed residential sales ⇑ began increasing in June 2020, three months after the onset of the pandemic, and has continued upward into Q2 2021.
Chart 4: Pending sales ⇑ began skyrocketing one year ago in April 2020.
Numbers have more than doubled in one year–⇑ 124%–from 225 to 505 for homes, condos and townhomes pending change in ownership.
Big Sky Condo/Townhome Market Report
Looking back at the Big Sky real estate market
In January 2018 sales prices were at $515,000 and one year later, January 2019, they had risen ⇑ $194,000 to $709,000.
By January 2020, Big Sky residential prices had risen to $694,500.
By January 2021, residential prices had risen ⇑ $405,000, in one year, to $1,100,000!
Big Sky residential prices have doubled in 3 years, from $550,000 in April 2018 to $1,100,00 in April 2021!
From January 2017 to January 2018, the price for residential real estate in Big Sky went from $415,000 to $515,000, a ⇑ $100,000 increase in one year.
The number of properties for sale in Big Sky generally increases in late summer/fall as owners anticipate the winter buying season.
The number of homes for sale began dropping in September 2015 and continued until June 2019.
The number of homes for sale began dropping in July 2020 and continue into Q2 2021.
In Q4 2016, sales prices began climbing and for the most part have continued upward into Q2 2021.
In July 2015, the Big Sky real estate inventory began declining and continued decreasing until June 2019.
Big Sky residential prices were flat for years until ticking up in September 2017, climbing $658,000 in the last 3½ years.
