September 9th, 2020

Bozeman Homes For Sale

Bozeman Homes For Sale

Bozeman Homes For Sale – New Homes For Sale – Bozeman Home Sales Boom! – How Much Does A Bozeman Home Cost?

Search all homes for sale in Bozeman, Montana – 2020 data on Average Days on Market” – Median Prices – Absorption Rates – Bozeman Housing History – Condos/Townhomes Here


Bozeman Home Listings $100000 to $200000Bozeman Home Listings $700000 to $800000
Bozeman Home Listings $200000 to $300000Bozeman Home Listings $800000 to $900000
Bozeman Home Listings $300000 to $400000Bozeman Home Listings $900000 to 1 million
Bozeman Home Listings $400000 to $500000Bozeman Home Listings 1 million to 2 million
Bozeman Home Listings $500000 to $600000Bozeman Home Listings 2 million to 3 million
Bozeman Home Listings $600000 to $700000Bozeman Home Listings 3 million to 5 million
LUXURY HOMES ABOVE $700,000:Bozeman Home Listings Over 5 million

August 2020 Bozeman Housing Sales Graphs

Median 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 city limits.

Inside Bozeman City Limits: at the start of Q1 2019, median home sales price inside Bozeman city limits was $429,000, $31,000 lower than the $460,000 we saw in January 2020. By mid-Q3 2020, prices inside the city increased $17,500 to $477,500.

Outside Bozeman city limits: median home sales prices began Q1 (January) 2020 around $554,000 and rose $6,000 to $560,000 by the end of Q1 (March). By mid-Q3 (August 2020), median sales price rose ~$39,000! to just below $599,000.

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

Median percent of last list price (chart 2) has been trending upward since June 2009 in all Bozeman sectors. Presently, the median percent of last list price for Bozeman homes rests at about 99.5% in Q3, 2020.

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

Price trends for Bozeman homes continues upward.

Mid-Q3 2020, the number of homes for sale (chart 3) throughout the Bozeman area has dropped to 233, a 58% decrease from the number 5 years ago, 403.

The number of Bozeman homes for sale has dropped in Bozeman’s “other areas.” Inside Bozeman (August 2020) the supply is 2 months. Outside city limits the supply continues at 4 months.

Average days on market (chart 4) continues to decline in the city, but outside city limits it’s risen to 62 days. Five years ago average days on market was 69 days inside and 109 outside the city of Bozeman.

Looking Back: 2019

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

Number homes For Sale Bozeman, Inside and Outside City
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%. More history.

Bozeman Absorption Rate – 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. (Examples below use single-family homes only.)

One type of Absorption Rate is calculated in “percentage of all homes” sold each month.

This form of AR is calculated by dividing the number of active homes for sale in a given month (you can use any time frame as long as you adjust the sold-home amount for that period) by the number of homes sold in a given month.

June 2020 Absorption Rate = Sold Homes/Active Homes For Sale (for sale + pending) = 956/1216 = 79% chance of your home selling in 1.27 months (see “second type of AR calculation” to figure the “number of months to sell“).

A rate above ~18-20% indicates a seller’s market and below ~15-17%, a buyer’s market. Bozeman’s AR percentage comes in significantly higher than 18-20%!

A second type of Absorption Rate calculation results in “number of months to sell.”

Absorption Rate (AR): Homes For Sale/Sold Homes = 1216/956 = 1.27 months to sell a home in Bozeman in June 2020.

Generally, Average Days on Market (chart 4) decreases as the Absorption Rate increases.


Taunya’s Featured Area Homes For Sale

11103  US HWY 287 S. Highway, Three Forks Three Forks Real Estate $3,795,000
16313  Rocky Mountain Road, Belgrade Belgrade Real Estate $2,100,000
303  Churn Creek, Bozeman Bozeman Real Estate $1,850,000
16257  Bridger Canyon Road, Bozeman Bozeman Real Estate $1,250,000

 LISTINGS IN OTHER SOUTHWEST MONTANA CITIESBOZEMAN LISTINGS – BELGRADE MT LISTINGS – BIG SKY LISTINGS – GALLATIN GATEWAY MONTANA LISTINGS – LIVINGSTON MONTANA LISTINGS – MANHATTAN MT LISTINGS – THREE FORKS MONTANA LISTINGS

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

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