Bozeman Condos & Townhomes For Sale
Q3 2024 Update: Bozeman Townhomes and Condos Cost $537,450 (median), ⇓ $5,050, ⇓ .9%.
Chart 1: Presently, condo and townhome prices in Bozeman are $537,450, in mid-Q3 2024 and prices for both are rising.
Q3 2024: For years, condo and townhome prices had been increasing both inside and outside Bozeman city limits.
But, in Q2 2022, the combined price for both ($600,000) began declining.
Today, condo prices are down ⇓ $37,900 to $487,000.
But townhouse prices are up ⇑ $79,000 to $644,000.
Condo and townhouse prices ticked up significantly in Q4 2020 ($339,500) and continued upward until Q2 2022 ($600,000) when prices inside and outside the city began decreasing.
Since Q2 2022, prices have been unstable, rising and falling.
Inside the city limits of Bozeman from Q2 2020 to Q2 2022, median condo and townhome prices increased from $299,950 to $600,000, a ⇑ $300,000 or ⇑ 100% increase in 2 years!
Outside Bozeman city limits, condo and townhome prices climbed from $339,500 in Q2 2020 to $610,000 in Q2 2022, a ⇑ $270,500 or ⇑ 79.7% increase in price in 2 years.
Chart 2: Median days on market (DOM) in all of Bozeman is now 23.
DOM began dropping significantly in Q4 2019, moving down from 46 days to just 3 in the fourth quarter of 2020.
Days on Market remained low for another 5 quarters after which it began yo-yo-ing and continues this quarter.
Presently, days on market are dropping.
Presently, days on market is 36 in Greater Bozeman and 18 in the city of Bozeman.
Median or Average? Which one should I trust?
Pros and Cons of Condo Living – Should I Buy a Condo?
Life in a Bozeman townhouse or condo is different from life in a single-family, Bozeman home. Compared to single-family living, the Bozeman condominium or townhome lifestyle has its own particulars.
Before you consider owning a Bozeman condo or townhouse, ensure that the lifestyle is right for you. There is a growing number of condominiums in downtown Bozeman, MT where land is at a premium.
If you want to be in the heart of Bozeman’s downtown, a condominium or townhouse may be a good choice. If you specifically desire to live in a Bozeman condo community or townhome, please call.
Remember the general condo rule: You own the inside only. You do NOT own the outside or own the property underneath your condominium.
In contrast, you DO own the inside, the outside, and the property on which your townhouse is built. Typically, both condos and townhomes have HOA’s, “Homeowners Associations.”
When considering a condo in Bozeman, MT, read Montana Code Annotated: Condos
Big Sky Condos For Sale – Search Properties For Sale in Specific 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
