Q1 2025 – Bozeman Homes For Sale – Homes Cost $877,000 in Bozeman, end Q4 2024
Days on Market ⇑ (52) – Sales Prices ⇓ – Inventory ⇓ (344) – Bozeman Absorption Rates
Bozeman Housing Prices Steady (Building Boom Continues)
Chart 1: February 2025 median price was $750,000. In February 2024 median price was $1,112,000.
In Q3 2024, the median home price inside the city of Bozeman had decreased to $757,500, down ⇓ $57,500 or ⇓ 7.1% from Q2 2024’s $815,000.
Outside Bozeman city limits, median home price was $1,115,000, up ⇓ $48,103 or ⇓ 4.1%, from Q2 2024’s $1,163,103.
Median home price in all of Bozeman, Q4 2024 is ⇓ $18,000 from last quarter.
Looking at the year 2024, the median price of $925,000, is up ⇑ $25,000 or ⇑ 2.7% from 2023’s $900,000.
Median home prices had been increasing for over 10 years, but since Q2 2022, they have been hovering around the $900,000 range.
Bozeman’s forecast ⇒ is for prices to remain below $1,000,000 in 2025.
Inventory in February 2025 is 170 homes for sale in Bozeman.
Recent Bozeman Housing Records
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.
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 2024’s Q1 price was down to $749,000.
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.
The Q1, 2023 price was $938,000. In Q1, 2024 price outside the city was up significantly to $1,200,000.
Looking Back: Percent of List Price (PLP)
Chart 2: Average Percent of List Price: Q1 2025 is pending; Q1 2024, 96.7%; Q1 2023, 97.3%; Q1 2022, 100.3%; Q1, 2021, 100.5%; and in Q1, 2020, 98.5%.
In December 2020, the PLP 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.
Bozeman Home Sales History
Chart 3: In Q1 2024, the number of homes for sale throughout Bozeman was 239; Q1 2023, 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.
Days On Market (DM)
Chart 4: In Q1 2022, Days on Market (DM) for homes in and outside the city hit its lowest ever, 4.
In Q1 2023, DM for a home was 25 days.
In Q1 2024, DM in Bozeman was 17.
Taunya’s Featured Area Homes and Land for Sale
LISTINGS IN OTHER SOUTHWEST MONTANA CITIES: BOZEMAN LISTINGS – BELGRADE MT LISTINGS – BIG SKY LISTINGS – GALLATIN GATEWAY MONTANA LISTINGS – LIVINGSTON MONTANA LISTINGS – MANHATTAN MT LISTINGS – THREE FORKS MONTANA LISTINGS
 |  |  |  |
