Bozeman Land – Building Lots – Ranch, Farm, Hunting Land
Bozeman and Gallatin County, MT – Median Price, $550,000, ⇑ $158,750 – 210 Parcels For Sale
Bozeman, one of the fastest growing, small cities in the US, is situated in the eastern part of Montana’s 2632 square mile Gallatin Valley, in Gallatin County, Montana’s fastest growing county.
Chart 1: Q2 2025: Inside the city, price is $195,000, a decrease of ⇓ $125,000 from Q1 to Q2 2025.
Outside the city, the Q2 2025 price is $562,500.
A year ago in Q2 2024, the overall median price for land in Gallatin County was $545,000. In Q2 2025 the price is just $5,000 more.
In the second quarter of 2023, for both areas combined, we saw an increase of ⇑ $31,000 from $409,000 to $440,000.
Since 2020, closed sales prices for all sizes of Bozeman land had been rising but in Q3 2022, prices began declining inside and outside the city.
In Q3 2022 prices hit $475,000 inside Bozeman and $462,500 outside the city.
Prices inside the city have been declining, and prices outside the city have been steadily increasing since Q3 2022.
Generally, months of inventory drops at the end of each year and rises during summer and into early fall.
Chart 2: For 10 years prior to 2021, the inventory of Bozeman land had been falling. In 2022 it began rising and has been slowly rising since.
In Q4 2024, there were 135 plots for sale outside the city and 85 plots for sale inside Bozeman city limits.
Presently, the inventory is 210 land listings, which is ⇑ 21 from last quarter.
Interesting fact: In June 2021, closed sales numbers hit a record $170,175,530.
From 2005-2020, Bozeman’s population rose ~33%.
Pressures of Growth
Since 2010, Gallatin County’s population has grown over 25%. Learn about Gallatin County’s Triangle Plan.
Bozeman’s growth is consuming farmland, so availability of large parcels of Bozeman land is diminishing and prices are increasing for all sizes of land.
And, many landowners are placing their property into Conservation Easements, further diminishing the availability and increasing the price of land in Bozeman.
Twenty years ago, Bozeman land was reasonably priced for the time, but now, in early 2020, the region’s growth and demand for land has driven up the area’s land prices way beyond what most locals would have envisioned possible 20, even 10, years ago.
Compared to the cost of land in comparably-sized cities, Bozeman’s land is increasingly more expensive and acreage will continue to accrue in value at a greater rate than similarly-sized cities…as long as Bozeman growth continues and/or the economy remains vibrant.
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