Bozeman Luxury Real Estate Listings – Top Luxury Agents In Bozeman
Just Luxury Homes? or Luxury Condos & Townhomes?
Q2 2023: Bozeman luxury real estate (over $1,000,000): median price is $1,450,000.
From Q1 2022 to Q1 2023, Bozeman median sales prices for luxury properties (homes, condos, townhouses over $1,000,000) down a fraction, ⇓ $9,994, ⇓ .7% from a year ago ($1,459,994)
The 2023 forecast for Bozeman luxury real estate–inside and outside the city–calls for a slowing of price increases.
In addition, the forecast calls for the number of luxury properties for sale to decline.
Since Q1, 2023, luxury listing numbers have been dropping since Q4, 2022, moving from 238 to 155.
Q1 2022 Luxury Residential Focus
Chart 1: From Q1, 2022 to Q1 2023, the sales price for luxury residential inside Bozeman dropped from $1,299,900 to the present $1,265,000. Outside city limits, price rose from $1,600,000 to the present $1,705,000.
Median sales price for all Bozeman luxury residential is $1,255,000 at the end of Q1 2023, down just ⇓ $9,994 or ⇓ .7% from Q1 2022’s $1,459,994.
In the last 24 months (8 quarters), median sales prices for luxury residential outside Bozeman have increased from $1,683,500 to $1,705,000, ⇓ $21,500 or ⇓ 1.3%.
Chart 2: Q2, 2023 listing numbers for luxury residential listings have been declining all year.
In the last 10 years in greater Bozeman, Q3 2022 had the record number of luxury listings, 238.
Presently, in Q4 2022, Bozeman has a whopping 236 luxury listings!
Looking back at the Bozeman luxury homes market: Median price for luxury homes.
During the area’s record year inside the city in 2021, median luxury prices rose ⇑ $56,000. Beyond city limits, median prices increased ⇑ $69,000.
Summarizing 2020: inside the city, median luxury prices increased ⇑ $14,700, outside Bozeman, median prices increased ⇑ $73,250.
In 2019 inside Bozeman, median luxury sales price declined ⇓ $90,000. Also, in 2019, median sale price outside Bozeman began the year around $950,000 but finished down ⇓ $35,000 at $915,000 in December.
For 2018 inside Bozeman, median sales prices increased ⇑ $40,000. Outside city limits, prices increased ⇑ $50,000 in 2018.
During 2017, median sales price for Bozeman luxury real estate saw a strong price increase, ⇑ $51,000, inside the city and a simultaneous strong decrease of ⇓ $90,000 outside the city.
