February 27th, 2022

Bozeman Luxury Market Report

Taunya Fagan Luxury Real Estate in Bozeman - Living Room, Gallatin Gateway MT

2022 Bozeman Luxury Market Report (Over $1,000,000)

Low Luxury Inventory – High Pending Luxury Sales

DATE – AREAALL BOZEMANINSIDE CITY LIMITSOUTSIDE CITY LIMITS
FEB. 2022$1,824,650$1,357,940$2,046,025
NOV. 2021$1,762,620$1,339,465$1,933,505
AUG. 2021$1,729,755$1,367,115$1,884,265
MAY 2021$1,811,120$1,361,135$1,922,715
FEB. 2021$1,790,955$1,410,780$1,885,450

Bozeman Luxury Market Review – Predictions, Sales, Price Trends

Luxury Homes Average Sales Price
Chart 1: Luxury homes: average sales price: all Bozeman, inside city, and outside city.

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

Photo Luxury homes for sale all Bozeman, inside city, and outside city.
Chart 2: Luxury homes for sale all Bozeman, inside city, and outside city.

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

Photo Luxury homes: pending sales all Bozeman, inside city, and outside city.
Chart 3: Luxury homes: pending sales all Bozeman, inside city, and outside city.

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.

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