June 14th, 2020

Bozeman Homes For Sale

Bozeman Homes For Sale

Bozeman Homes For Sale – New Homes For Sale in Bozeman

Search ALL Bozeman, MT Homes – Get 2020 Data on Average Days on Market – Median Prices – Absorption Rates – Bozeman Housing History – Condos/Townhomes Here


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Up-To-Date Bozeman Housing Graphs Below

Average Sales Price Bozeman Homes For Sale, Inside and Outside City Limits
Chart 1: Median Sales Price Inside and Outside City Limits.

The median sales price for Bozeman homes (chart 1) continues to rise both inside and outside Bozeman’s city limits.

In Q2 2020, median home sales prices inside Bozeman city limits were at $465,000, rising from $460,000 in early January.

Outside city limits median home sales prices began 2020 around $554,000 and rose to $560,000 in Q2 2020.

In Q2 2020, the number of homes for sale within Bozeman’s city limit is increasing. At year’s end 2019 the number had leveled.

Median Percent of List Price Inside and Outside City Limits.
Chart 2: Median Percent of List Price Inside and Outside City Limits.

Inventory has dropped in Bozeman’s “other areas.” Inside Bozeman the supply has been ~2.5 months. Outside city limits the supply has hovered around 4 months.

Average days on market continues to decline both inside and outside city limits.

Median percent of list price has been rising since June 209 inside the city, resting at about 99% in Q2, 2020.

Outside city limits, median percent of list price has remained fairly steady since June 2019, at 98%.

Looking Back

2019: The median sales price for Bozeman homes (chart 1) continued rising both inside and outside Bozeman’s city limits.

Bozeman City and Bozeman Outside City Home Supply
Chart 3: Total # Bozeman Homes For Sale Inside and Outside City Limits

In January 2019, median sales prices (chart 1) inside Bozeman city limits were at $481,000; outside city limits, median home sales prices began the year at $681,000 and rose to about $735,000 by year’s-end 2019.

The inventory (chart 3) of Bozeman homes for sale from early 2015 to the present has consistently dropped through the years, both inside and outside the city, rising a bit in the summer months. 

2018: Median sales prices increased from 8.5% to 11%. Median percent of list price was approximately 98%.

Absorption Rate and Average Days On Market

Average Days On Market of Bozeman Homes For Sale Inside and Outside City Limits
Chart 4: Average Days On Market Inside and Outside City Limits

Absorption Rate (AR) indicates how long it takes the average home, condo, town-home, etc. to sell in a particular area and in a specific time range. 

This AR is calculated 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% indicates a seller’s market and below ~15-17%, a buyer’s market.

Absorption Rate = Active Listings/Sold Listings

Generally, Average Days on Market (chart 3) decreases as the Absorption Rate increases.


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Taunya Fagan, Bozeman Real Estate – Boutique Luxury @ ESTATE House, 3960 Valley Commons Drive, Suite 1, Bozeman, MT 59718 – Call 406.579.9683 

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