Bozeman Luxury Real Estate Listings (over $700,000) – Top Luxury Agents In Bozeman
July 2022: Bozeman luxury real estate (over $1,000,000) median price is $1,407,500, down ⇓ $52,500 from July 2021.
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.
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%.
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.