Bozeman Land For Sale 2021 – Building Lots – Ranch, Farm, Hunting Land
Land For Sale in Bozeman and Gallatin County, MT – Over 90 Listings
Chart 1: In the last 5 years, (since July 2016) median sales prices for all sizes of Bozeman land have risen significantly, from $131,900 in Bozeman and $215,000 outside the city in July 2016 to $135,000 inside Bozeman and $305,000 outside the city in July 2021.
Generally, months of inventory drops at the end of each year and rises during summer and into early fall.
Chart 2: In the last five years, the months of inventory of Bozeman in-city land dropped significantly, from 14.4 months in July 2016 to 1.9 months in July 2021. This is historically low.
Out-of-city months of inventory, in July 2016 was 13.2 months; today it’s 3.2 months in July 2021, an historical low.
In all of Bozeman, for all time up to July 2020, “Closed Sales, Dollar Volume” had never exceeded $85,000,000 in any month.
In one year (July 2020 to July 2021) “Closed Sales, Dollar Volume” for Bozeman land has more than doubled to over $170,000,000.
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.
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