2025 Bozeman Luxury Market Report (Over $1,000,000 – Homes, Condos, Townhomes)
Luxury Prices ⇓, Pending Sales ⇓, Inventory ⇓, Days on Market ⇑
| QUARTER | MEDIAN PRICE | PENDING SALES |
| Q4 2024 | $1,362,500 | 63 |
| Q3 2024 | $1,455,000 | 83 |
| Q2 2024 | $1,498,350 | 84 |
| Q1 2024 | $1,449,000 | 80 |
| Q4 2023 | $1,360,000 | 53 |
Taunya Fagan Bozeman Luxury Market Review – Price Trends, Sales Numbers, Inventory
Chart 1: Into Q1 2025, the price trend in the Bozeman’s luxury real estate market is ⇓ $92,500 or ⇓ 6.4% Q4 2024 over Q3 2024.
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, but the trend has been down since Q2 2024.
Inside the city of Bozeman, the median price was $1,249,900 in Q4 2024.
(The all-time record median home price was outside Bozeman’s city limits in Q3 2014 and Q2 2021.)
Outside Bozeman, the Q4 2024’s median price came in at $1,475,000.
Number of properties for sale in Bozeman’s luxury market, Q4 2024
Chart 2: The number of luxury properties for sale in all Bozeman is 224.
The number rose from 166 at the end of Q1 2024 to the end of Q3 2024 when there were 310 properties for sale.
Inside the city of Bozeman, the number of luxury properties for sale is 76.
Inside Bozeman’s city limits, prior to this quarter, the record high number of luxury properties for sale in the last decade was 90 in Q3 2023.
Presently, outside Bozeman, there are 148 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 167 in Q3 2023.
In Q3 2024, there were 310 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 listings in all of Bozeman.
By December 2024’s end (Q4), there were a 68 pending luxury sales in all of Bozeman.
At the inception of Covid in Q2 2020, when there were 33 pending.
Inside Bozeman there are 23 pendings.
And outside the city there are 45 luxury pendings.
SUMMARY: In Bozeman, prices, pendings, and inventory are decreasing as we enter 2025.
