Bozeman Luxury Real Estate Listings (over $700,000) – Top Luxury Agents In Bozeman
Just Luxury Homes? or Luxury Condos & Townhomes?
Q4 2022: Bozeman luxury real estate (over $1,000,000) median price is $1,255,000, down ⇓ $357,000, ⇓ 28.5% from Q4 2021 ($1,612,500).
From Q4 2021 to Q4 2022, Bozeman median sales prices for luxury properties (homes, condos, townhouses over $1,000,000) decreased ⇓ $357,000.
The 2022 forecast for Bozeman luxury real estate–inside and outside the city–called for a slowing of price increases.
In addition, the 2-year decline in the number of luxury properties for sale would end.
Since Q1 2022, luxury listing numbers have risen dramatically, moving from 89 to over 230 in Q4!
Q1 2022 Luxury Residential Focus
Chart 1: From Q1 to Q4 2022, the sales price for luxury residential inside Bozeman dropped from $1,299,900 to the present $1,225,000. Outside city limits, price rose from $1,600,000 to the present $1,362,500.
Median sales price for all Bozeman luxury residential is $1,255,000 in Q4 2022, down ⇓ $357,000 or ⇓ 28.5% from Q4 2021’s $1,612,500.
In the last 24 months (8 quarters), median sales prices for luxury residential outside Bozeman have decreased from $1,487,000 to $1,255,000, ⇓ $232,000 or ⇓ 18.5 %.
Chart 2: Q4, 2022 listing numbers for luxury residential listings have been on the rise all year.
In the last 10 years in greater Bozeman, Q2 2020 had the record number of luxury listings, 137 until this year when the number topped 137 at the end of Q1.
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.
