2025 Bozeman Luxury Market Report (Over $1,000,000 – Homes, Condos, Townhomes)
Luxury Prices ⇑, Closed Sales ⇓, Inventory ⇓, Days on Market ⇓
| QUARTER | MEDIAN PRICE | PENDING SALES |
| Q1 2025 | $1,450,000 | 63 |
| Q4 2024 | $1,362,500 | 67 |
| Q3 2024 | $1,455,000 | 83 |
| Q2 2024 | $1,498,350 | 84 |
| Q1 2024 | $1,449,000 | 80 |
Taunya Fagan Bozeman Luxury Market Review – Price Trends, Sales Numbers, Inventory
Chart 1: Looking at Q1 2025 prices, the quarterly trend in the whole Bozeman luxury real estate market is up: ⇑ $87,500 or ⇑ 6.4%.
Bozeman’s overall median price inside and outside the city for 2024 was $1,440,00; in 2023 it was $1,295,000.
Prices in Bozeman’s luxury markets: “inside the city” and “outside the city” have been rising and falling for a number of years.
Inside the city of Bozeman, the median price was $1,212,500 in Q1 2025.
(The all-time record median home price was outside Bozeman’s city limits in Q3 2014 and Q2 2021.)
Outside Bozeman’s city limits, the Q1 2025 median price came in at $1,495,000.
Number of properties for sale in Bozeman’s luxury market
Chart 2: The number of luxury properties for sale in all Bozeman is 200.
The number rose from 165 at the end of Q1 2024 to the end of Q3 2024 when there were 308 properties for sale.
Listings/Inventory have declined since Q3 2024:
Inside the city of Bozeman, the number of luxury properties for sale is 79.
Inside Bozeman’s city limits, prior to this quarter, the record high number of luxury properties for sale in the last decade was 101 in Q3 2024.
Presently, outside Bozeman, there are 121 luxury properties for sale.
Outside Bozeman’s city limits, prior to this quarter, the record high number of luxury properties for sale in the last decade was 207 in Q3 2024.
In Q3 2024, there were 308 luxury properties for sale in all of Bozeman, MT…a record number of properties for sale.
Pending Sales in Bozeman’s luxury market
Chart 3: The number of pendings in all of Bozeman’s luxury markets began increasing in Q1 2020, a bit prior to Covid hitting the streets of Bozeman.
At that time, there were 11 pending sales in all of Bozeman.
By September (Q3) 2021’s end, there were 93 pending luxury sales in all of Bozeman.
Inside Bozeman there are 23 pendings.
Outside the city there are 40 luxury pendings.
SUMMARY: well into Q2 2025, Bozeman prices are increasing but, pendings, solds, inventory, and days on market are decreasing.
