Bozeman Luxury Real Estate Listings (over $700,000) – Top Luxury Agents In Bozeman
Just Luxury Homes? or Luxury Condos & Townhomes?
April 2022: Bozeman luxury residential over $1,000,000 costs $1,400,000 (median), down ⇓ $67,650 from April 2021.
From April 2021 to April 2022, Bozeman median sales prices for luxury properties (homes, condos, townhouses over $1,000,000) decreased ⇓ $67,650. In the past year, prices have not increased at the rate they did in 2020.
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 level off.
We see this forecast being borne out as we exit Q1 2022.
Q1 2022 Luxury Residential Focus
Chart 1: In Q1 2022, average sales price for luxury residential inside Bozeman has been $1,272,000 and outside city limits, $1,577,465.
Median sales price for all Bozeman luxury residential is $1,400,000 in April 2022, down ⇓ $267,650 or ⇓ 4.8% from last month’s–February 2021’s–record high $1,467,650.
In the last 12 months, median sales prices for luxury residential outside Bozeman have increased ⇓ $15,070 or just ⇓ 1%.
In the past year, luxury residential average sales price inside Bozeman increased ⇓ $68,250 or ⇓ 5.4%.
Chart 2: Q1, 2022 for sale numbers for luxury residential listings are mostly flat ⇔. In the last 10 years in greater Bozeman, June 2020 has the record 96. Presently, greater Bozeman has 55.
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.
