July 7th, 2022

Bozeman Luxury Real Estate

Taunya Fagan Bozeman Luxury Real Estate Triple Tree Photo

Bozeman Luxury Real Estate Listings (over $700,000) – Top Luxury Agents In Bozeman

Just Luxury Homes? or Luxury Condos & Townhomes?

July 2022: Bozeman luxury real estate (over $1,000,000) median price is $1,407,500, down ⇓ $52,500 from July 2021.

Bozeman Luxury Listings $700000 To $800000Bozeman Luxury Listings $1700000 To $1800000
Bozeman Luxury Listings $800000 To $900000Bozeman Luxury Listings $1800000 To $1900000
Bozeman Luxury Listings $900000 To $1000000Bozeman Luxury Listings $1900000 To $2000000
Bozeman Luxury Listings $1000000 To $1100000Bozeman Luxury Listings $2000000 To $2500000
Bozeman Luxury Listings $1100000 To $1200000Bozeman Luxury Listings $2500000 To $3000000
Bozeman Luxury Listings $1200000 To $1300000Bozeman Luxury Listings $3000000 To $3500000
Bozeman Luxury Listings $1300000 To $1400000Bozeman Luxury Listings $3500000 To $4000000
Bozeman Luxury Listings $1400000 To $1500000Bozeman Luxury Listings $4000000 To $5000000
Bozeman Luxury Listings $1500000 To $1600000Bozeman Luxury Listings Over 5 million
Bozeman Luxury Listings $1600000 To $1700000

From July 2021 to July 2022, Bozeman median sales prices for luxury properties (homes, condos, townhouses over $1,000,000) decreased ⇓ $52,500. In the past year, prices have not increased at the rate they did in 2020.

Photo Median Sales Price Luxury Homes in Bozeman
Chart 1: Median sales price history, Bozeman luxury homes, condos & townhomes over $1M.

The 2022 forecast for Bozeman–inside and outside the city–calls for a slowing of price increases.

In addition, the 2-year decline in the number of luxury properties for sale will end (listing numbers have been rising since January 2022).

We see this forecast being borne out in both Q1 & Q2 2022.

Q1 2022 Luxury Residential Focus

Chart 1: From Q1 into Q2 2022, the sales price for luxury residential inside Bozeman rose from $1,250,000 to the present $1,300,000. Outside city limits, price rose from $1,582,500 to the present $1,641,300.

Median sales price for all Bozeman luxury residential is $1,407,500 in July 2022, down ⇓ $52,500 or ⇓ 3.7% from July 2021’s near record high of $1,460,000.

In the last 12 months, median sales prices for luxury residential outside Bozeman have increased from $1,587,000 to $1,641,250, ⇑ $54,250 or ⇑ 3.4%.

Photo Number of Bozeman Luxury Homes For Sale
Chart 2: Number of Bozeman luxury homes for sale.

Chart 2: Q2, 2022 listing numbers for luxury residential listings are on the rise. In the last 10 years in greater Bozeman, June 2020 has the record number of luxury listings, 96. Presently, greater Bozeman has 73.

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.

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Taunya Fagan

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