April 18th, 2024

Bozeman Homes For Sale

Taunya Fagan Bozeman Homes

Bozeman Homes For Sale – Homes Cost $951,650 in Bozeman, Q2 2024 – 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 $800000

Bozeman Housing Prices Rising (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.

Chart 1: At the start of Q2 2024, the median home price inside the city of Bozeman has decreased to $749,000, down $10,000 or less than 1% from Q2 2023’s $750,000.

Outside Bozeman city limits, median home price is $1,200,000, up ⇑ $275,000 or 29.7%, from Q2 2023’s $925,000.

Together, the overall median home price in Bozeman in April 2024 is $951,650, up ⇑ $72,650 or ⇑ 8.2% from Q2 2023’s $879,000.

Median home prices had been increasing for over 10 years, but they have been hovering around the $900,000 range since early 2022.

Bozeman’s forecast is for prices to remain below $1,000,000.

Photo Median percent of list price inside city, outside city.
Chart 2:  Median percent of list price inside city, outside city.

Q1 2021, began the steepest rise in Bozeman home sales prices in history, ending in Q1 2022.

From Q1 2021 to Q1 2022, Bozeman home prices rose from $660,000 to $900,500. This was an increase of ⇑ $240,500 or a ⇑ 36.4% increase in one year.

Inventory in April 2024 is 232 homes for sale in Bozeman.

Looking Back: Q1 2020 through Q1 2024

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

The Q1 2023 price was higher, at $762,500, and this year’s Q1 price is down to $749,000.

Photo Total number homes for sale inside city, outside city, & Bozeman.
Chart 3: Total number homes for sale inside city, outside city, & Bozeman.

Outside Bozeman City limits: Q1 2020’s median home price, $587,500 was lower than Q1 2021’s, $699,750; this was significantly lower than Q1 2022’s price of $1,150,000.

Last year, Q1’s price was $938,000. In 2024 price outside the city is up significantly to $1,200,000.

Looking Back: Percent of List Price

Chart 2: In late Q1 2023Average percent of list price was 97.3%; Q1 2022, 100.3%; Q1, 2021, 100.5%; and in Q1, 2020, 98.5%. This year, 2024’s Q1 percent was 96.9%.

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

The recent history of high percentages of list price is a testament to Bozeman’s housing boom.

Price trends continue downward in 2023.

Photo Days On Market inside city, outside city limits.
Chart 4: Days On Market inside city, outside city limits.

Bozeman Home Sales History

Chart 3: In Q1 2023, the number of homes for sale throughout Bozeman was 230.

In Q1 2022, inventory was 107 homes, Bozeman’s lowest number of Q1 listings in decades.

The 2022 high was in Q3, which saw 407 homes for sale in Bozeman.

Median Days On Market

Chart 4: In Q1 2022, Median Days on Market (MDM) for homes in and outside the city hit its lowest ever, 4.

In Q1 2023, MDM for a home was 25 days.

Presently, in Q1 2024, MDM in Bozeman is 17.

Taunya’s Featured Area Homes And Land For Sale

279 Limestone Meadows Lane, BozemanBozeman Real Estate$12,495,000
5204 Patterson Road, BozemanBozeman Real Estate$4,997,000
5204 Patterson Road, BozemanBozeman Real Estate$4,997,000
4762 Aspen Lane, BozemanBozeman Real Estate$4,995,000Sold
4762 Aspen Lane, BozemanBozeman Real Estate$4,995,000Sold
864 Elk Springs Road, BelgradeBelgrade Real Estate$4,800,000Sold
118 Robert Court, BozemanBozeman Real Estate$3,675,000
220 Deer Path, BozemanBozeman Real Estate$3,675,000
13720 Portnell Road, BozemanBozeman Real Estate$3,500,000Sold
626 Evening Star Lane, BozemanBozeman Real Estate$1,795,000Sold
2062 Bitterroot Road, BozemanBozeman Real Estate$1,789,500
2062 Bitterroot Road, BozemanBozeman Real Estate$1,789,500
55 Rainbow Loop, McAllisterMcAllister Real Estate$1,750,000
620 Bridger Lake Drive, BozemanBozeman Real Estate$1,699,000Sold
1115 Summer Ridge Road, BozemanBozeman Real Estate$1,495,000
3036 Macnab Street, BozemanBozeman Real Estate$1,150,000Sold
2200 W Dickerson Avenue 19, BozemanBozeman Real Estate$550,000
2200 W Dickerson 22, BozemanBozeman Real Estate$399,000Sold

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