January 3rd, 2023

Bozeman Luxury Market Report 2023

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

2023 Bozeman Luxury Market Report (Over $1,000,000)

Declining Luxury Inventory – Declining Pending Sales

QMEDIAN PRICEPENDING SALES
Q4 2022SOONSOON
Q3 2022$1,310,00081
Q2 2022$1,509,50068
Q1 2022$1,484,95052
Q4 2021$1,625,00058

Bozeman Luxury Market Review – Predictions, Sales Number, Price Trends

Photo Luxury homes median sales price all Bozeman, inside city, and outside city.
Chart 1: Luxury homes median sales price all Bozeman, inside city, and outside city (most recent data).

Chart 1: The price trend in the Bozeman luxury market for homes is down in Q4 2022.

Prices in Bozeman’s 3 luxury markets: “(All) Bozeman,” “inside the city,” and “outside the city,” have been down in Q2 and Q3 2022.

Bozeman’s median high price for 2021 was $1,950,000 in December 2021.

Inside the city of Bozeman, the median price hit $1,999,000 in February 2021.

The all-time record median home price and high for 2021 was inside Bozeman’s city limits.

Outside Bozeman’s high for 2021 came in at $1,945,000 in February 2021.

Number of Homes For Sale in 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 (most recent data).

Chart 2: The number of luxury homes for sale in all Bozeman has increased from June 2020’s old high of 83.

At this time, there are 226 luxury homes for sale in all of Bozeman, MT.

Inside the city of Bozeman, the number of luxury homes is in record high territory at 60 luxury homes.

Outside Bozeman’s city limits, the record high number for sale in the last decade is the present 166.

Presently, outside Bozeman, there are 43 luxury homes for sale.

Pending Sales in Bozeman’s Luxury Market

Photo Luxury homes: pending sales inside and outside city.
Chart 3: Luxury homes: pending sales inside and outside city (most recent data).

Chart 3: The number of pending home sales in Greater Bozeman’s luxury market began increasing in Q4 2019, a bit prior to Covid hitting the streets of Bozeman.

At that time, there were 8 pending listings in all of Bozeman.

Today, there are a 81 pending luxury home sales in all of Bozeman.

At the inception of Covid in Q2 2020, pending sales began their rise inside Bozeman’s city limits.

Inside Bozeman today, there are 22 pendings.

And, outside the city, there are 59 luxury homes pending.

Today, in Bozeman, luxury home prices are dropping and inventory is through the roof, so to speak.

Tags: Bozeman Luxury Market Report, bozeman luxury report, luxury report for bozeman montana

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