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
Up-To-Date Bozeman Housing Graphs Below
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.
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.
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
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.
LISTINGS IN OTHER SOUTHWEST MONTANA CITIES: BOZEMAN REAL ESTATE LISTINGS – BELGRADE MT REAL ESTATE LISTINGS – BIG SKY REAL ESTATE LISTINGS – GALLATIN GATEWAY MONTANA REAL ESTATE LISTINGS – LIVINGSTON MONTANA REAL ESTATE LISTINGS – MANHATTAN MT REAL ESTATE LISTINGS – THREE FORKS MONTANA REAL ESTATE LISTINGS – BRIDGER CANYON REAL ESTATE JACKSON CREEK HOMES
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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