Bozeman Condos & Townhomes For Sale
Q4 2022: Condos Cost* $515,000 (median), ⇓ $28,000, ⇓ 5.4% in 2022.
Chart 1: Q4 2022: For years, condo and townhome prices had been increasing both inside and outside Bozeman city limits but in Q2 2022, prices began and continue declining.
Condo and townhouse prices ticked up significantly in Q4 2020 and continued upward until Q2 2022 when prices inside and outside the city began decreasing.
Inside 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: Average days on market in all of Bozeman began dropping significantly in Q5 2019, moving down from about 49 days to the present 25; this figure has been rising since Q2 2022.
Twenty-four days on market before selling makes buyers act quickly or lose out on that condo or townhouse!
* Includes condos and townhomes.
Presently, days on market is 29 in Greater Bozeman and 18 in the city of Bozeman ⇒ Median or Average? Which one should I trust?
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.
When considering a condo in Bozeman, MT, read Montana Code Annotated: Condos
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