2022 Bozeman Luxury Market Report (Over $1,000,000)
Low Luxury Inventory ⇓ – High Pending Luxury Sales ⇑
|DATE – AREA||ALL BOZEMAN||INSIDE CITY LIMITS||OUTSIDE CITY LIMITS|
Bozeman Luxury Market Review – Predictions, Sales, Price Trends
Price Trend Bozeman’s Luxury Market
Chart 1: The price trend in the Bozeman luxury market for homes continues upward in Q1 2022.
Prices in Bozeman’s 3 luxury markets: “(All) Bozeman,” “inside the city,” and “outside the city,” are up.
Bozeman’s average high price for 2021 was $1,822,075 in April 2021.
Inside the city of Bozeman, the average price hit $1,410,780 in February 2021.
The all-time record average home price and high for 2021 was outside Bozeman’s city limits and that came in at $1,995,553 in December 2021.
Number Of Homes For Sale Bozeman’s Luxury Market
Chart 2: The number of luxury homes for sale in all Bozeman has dropped from a June 2020 high of 83.
At this time, there are 49 luxury homes for sale in all of Bozeman, MT.
Inside the city of Bozeman, the number of luxury homes has increased a bit from the June 2020 high of 12 to the present 13 luxury homes.
Outside Bozeman’s city limits, the high number for sale in the last decade was June 2020’s 74.
Presently, outside Bozeman, there are 43 luxury homes for sale.
Pending Sales Bozeman’s Luxury Market
Chart 3: Pending home sales in Bozeman’s luxury market began their steep climb in March of 2020, just as Covid hit the streets of Bozeman.
At that time, there were 83 pending listings in all of Bozeman.
Today, there are a whopping 262 pending luxury home sales in all of Bozeman.
Inside city limits, there were 15 pending listings from March 2020 to August 2020.
After August 2020, pending sales began their rise inside Bozeman’s city limits.
Today, in the city, there are 83 luxury homes pending.
All this to state that in Bozeman, luxury home prices are through the roof and luxury home inventory is in the basement.