Bozeman Land For Sale, 2021 – Commercial and Building Lots – Ranch, Farm, Hunting Land
Land For Sale in Bozeman and Gallatin County MT – Over 60 Listings – Continuous Updates
Chart 1: In the last 5 years, (since April 2016) median sales prices for all sizes of Bozeman land has risen significantly, from $82,900 in Bozeman and $107,800 outside the city to $135,000 inside Bozeman and $305,000 outside the city in April 2021.
Generally, months of inventory drops at the end of each year and rises during summer and into early fall.
Chart 2: From April 2016 to April 2021, the months of inventory of Bozeman in-city land dropped significantly during 2016, from 9.4 months in April 2016 to 3 months in April 2021.
Out-of-city months of inventory, starting April 2016 began decreasing from 8.7 months to 3.8 months, April 2021.
In mid-2018, months of inventory was even lower than it is now in April 2021.
For the last 3 years, inventory for all Bozeman land has remained low, averaging about 16 listings/month.
From 2005-2020, Bozeman’s population rose ~33%.
Pressures of Growth
Since 2010, Gallatin County’s population has grown about 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 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.
Bozeman Real Estate Listings – Belgrade MT Real Estate – 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