November 21st, 2022

Bozeman Homes For Sale

Taunya Fagan Bozeman Homes

Bozeman Homes For Sale – Homes Cost $877,500 in Bozeman – New Homes

Days on Market ⇒ – Sales Prices ⇑⇓ – Inventory ⇑ – Bozeman Absorption Rates


Bozeman Home Listings $100000 to $200000Bozeman Home Listings $800000 to $900000
Bozeman Home Listings $200000 to $300000Bozeman Home Listings $900000 to 1 million
Bozeman Home Listings $300000 to $400000Bozeman Home Listings 1 million to 2 million
Bozeman Home Listings $400000 to $500000Bozeman Home Listings 2 million to 3 million
Bozeman Home Listings $500000 to $600000Bozeman Home Listings 3 million to 5 million
Bozeman Home Listings $600000 to $700000Bozeman Home Listings Over 5 million
Bozeman Home Listings $700000 to $800000Bozeman Home Listings Homepage

Bozeman Housing Prices Cooling (Building Boom Continues)

Photo Median Sales Price Inside and Outside City Limits & All Bozeman.
Chart 1: Median Sales Price Inside and Outside City Limits & All Bozeman. (View as Dynamic Multi-Data Table.)

Chart 1: Q4 2022: the median home price inside the city of Bozeman is $790,000, up $95,050 or ⇑ 13.7% from Q4 2021’s $694,950.

Outside Bozeman city limits, median home price is $947,500 up $48,000 ⇑ 5.3%, from August 2021’s $899,500.

Together, the overall median home price in Bozeman in Q4 2022 is $877,500, up ⇑ $87,500 or ⇑ 11.1% from Q4 2021’s $789,950.

Home prices had been increasing for over 7 years, but now the forecast is for cooling as listings are increasing and prices are falling or flattening.

Home prices had been increasing rapidly since March 2020 but now slowing.

In Q1 2022, we continued with the steepest rise in Bozeman home sales prices in history. In just one month–January–we were up ⇑ 13.9% or ⇑ $110,000 above Q4 2021 prices, but in Q2 and Q3, price increases began slowing or flattening.

Looking Back: January 2021 vs January 2020 vs January 2022

Photo Median percent of list price inside city, outside city, & Bozeman.
Chart 2: Median percent of list price inside city, outside city, & Bozeman. (View as Dynamic Multi-Data Table.)

Inside Bozeman City Limits: Q1 2022’s median home price, $755,000 was higher than Q1 2021’s $635,000; this was above Q1 2020’s $465,000.

Outside Bozeman City limits: Q1 2022’s median home price, $1,150,000 was higher than Q1 2021’s $699,750; this was higher than Q1 2020’s price, $465,000.

Bozeman Home Prices  in 2020

In Q4 2020, median sales prices inside the city rose to $530,000, ⇑ $63,000 or ⇑ 13.5% increase in price over January 2020’s price.

Outside Bozeman city limits: median home sales prices began Q1 (January) 2020 around $650,500 and rose $114,500, ⇑ 17.6%, to $765,000 by the end of Q4.

Chart 2: In Q1 2021, Median percent of last list price was 100% inside the city and about 99% outside Bozeman.

In December 2020, the median percent of last list price for Bozeman single-family homes hit 100%, for the first time since April 2018.

Photo Total number homes for sale inside city, outside city, & Bozeman
Chart 3: Total number homes for sale inside city, outside city, & Bozeman. (View as Dynamic Multi-Data Table.)

High percent of (last) list price is a testament to the housing boom Bozeman had been experiencing since early Q2 2020.

Price trends continue downward in 2022.

Bozeman Home Sales History

Chart 3: December 2021, the number of homes for sale throughout Bozeman flattened out in July at around 91.

Except for a small rise in the first half of 2020, the number of homes for sale inside and outside the city of Bozeman continued declining.

Photo Average Days On Market inside city, outside city limits, & Bozeman.
Chart 4: Average Days On Market inside city, outside city limits, & Bozeman. (View as Dynamic Multi-Data Table.)

In Q4 2021, there were 48 homes for sale inside Bozeman.

Presently, there are a whopping 254 homes for sale outside Bozeman, which is ⇓ 174 higher or a 218% increase in homes for sale compared to Q4 2021’s 80.

Average Days On Market

Chart 4: In Q4 2022, Average Days on Market (ADM) for homes in and outside the city continues increasing.

Q4 2022, ADM for a home inside city limits is 26 days.

ADM outside Bozeman is 31 in Q4 2022.

Taunya’s Featured Area Homes And Land For Sale

15  Meridian Road, Three ForksThree Forks Real Estate$10,995,000
15  Meridian Road, Three ForksThree Forks Real Estate$10,995,000
115  Melborne Lane, Gallatin GatewayGallatin Gateway Real Estate$3,795,000Pending
466  Longhorn, BozemanBozeman Real Estate$2,695,000
801 S Tracy Avenue, BozemanBozeman Real Estate$799,000Contingent

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