2023 Bozeman Luxury Market Report (Over $1,000,000 – Homes, Condos, Townhomes))
Declining Luxury Inventory ⇓ – Declining Pending Sales ⇓
| Q | MEDIAN PRICE | PENDING SALES |
| Q1 2023 | $1,450,000 | 61 |
| Q4 2022 | $1,550,000 | 52 |
| Q3 2022 | $1,255,000 | 86 |
| Q2 2022 | $1,450,000 | 78 |
| Q1 2022 | $1,449,994 | 66 |
Bozeman Luxury Market Review – Predictions, Sales Number, Price Trends
Chart 1: The price trend in the Bozeman luxury real estate market is down entering Q2 2023.
Prices in Bozeman’s 3 luxury markets: “(All) Bozeman,” “inside the city,” and “outside the city,” rose until the end of Q4 2022.
Bozeman’s median high price for 2022 was $1,775,000 in November 2022.
Inside the city of Bozeman, the median price hit $1,565,000 in November 2022.
(The all-time record median home price was inside Bozeman’s city limits in 2021.
Outside Bozeman, the high for 2022 came in at $2,100,000 in November 2022.
Number of Homes For Sale in Bozeman’s Luxury Market
Chart 2: The number of luxury properties in all Bozeman has has remained steady this year.
In Q1 2023 there were 155 for sale.
At this time, there are 110 luxury properties for sale in all of Bozeman, MT.
Inside the city of Bozeman, the number of luxury properties is 37.
Outside Bozeman’s city limits, the record high number of luxury properties for sale in the last decade was 119 in July 2022.
Presently, outside Bozeman, there are 73 luxury 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 Q4 2019, a bit prior to Covid hitting the streets of Bozeman.
At that time, there were 11 pending listings in all of Bozeman.
Today, there are a 61 pending luxury sales in all of Bozeman.
At the inception of Covid in Q2 2020, pending sales began increasing inside Bozeman’s city limits.
Inside Bozeman today, there are 29 pendings.
And, outside the city, there are 32 luxury pendings.
Today, in Bozeman, luxury prices are dropping outside Bozeman and increasing inside Bozeman.
Inventory is declining outside Bozeman and rising inside Bozeman.
