Q4 2022, A Home costs $850,000 around Downtown Bozeman.
Home Sales Down, Prices Down
Chart 1: Q4 2022: prices have dropped since Q2 2022, although median sales price for downtown Bozeman homes had been increasing this decade.
In the beginning of the decade, as Covid-19 was ramping up, home prices dropped $30,000, from January 2020’s $535,000 to October 2020’s $505,000.
In the last 8 quarters, sales price rose from the $505,000 of October 2020, to September 2022’s $987,500, a ⇑ $482,500 or ⇑ 95.6% increase.
In the last quarter, price has dropped from $950,000 to $850,000, a ⇓ $100,000 or ⇓ 11.8% drop in just one quarter.
September 2022’s median sales price topped, by $12,500, October 2021’s record high.
Because of the most recent quarter’s steep decline, there has been no notable increase in the cost of a downtown Bozeman home this year!
With Covid-19’s national housing shakeup Bozeman’s home rush has contributed to the greatest rise in population since gold rush days and a significant increase in the desire to live in downtown Bozeman, Montana.
Chart 2: Presently, Days on Market/Days to Sell is 18.
Q4 2022: the number of homes for sale, downtown Bozeman has remained steady at 50 this quarter.
Bozeman’s downtown has a history filled with gentlemen, prostitutes, mountain men, ladies, business men and women, ruffians, and a host of other colorful figures.
In 1864, John Bozeman, William Beall, and Daniel Rouse platted Bozeman.
Just behind them in 1866 was Nelson Story, who entered the Bozeman scene, wrangling 3,000 (some say more, some less) Texas Longhorn cattle into Montana Territory.
As you drive the streets looking for homes, chances are you’ll be traveling a street named for one of Bozeman’s famous, or infamous, pioneers.
Downtown Bozeman, Montana, one of the few remaining American towns boasting a plethora of key lifestyle ingredients:
- Major research university
- Challenging ski area
- Miles of hiking and biking trails
- Excellent public and private schools
- World-class trout fishing
- Small, but significant, international airport
- Remarkable golfing and outdoor recreation activities
- Exceptional, small-city dining and outstanding entertainment
- Bozeman Montana beer…all in proximity to downtown Bozeman, MT
Enjoy living in the heart of Bozeman’s downtown and historic district:
- Savor life within walking distance of downtown Bozeman, Montana.
- Stroll to downtown Bozeman Dining, shopping, even the Christmas parade!
- Find easy access to cycling and running trails.
- Walk or ride to schools, the University, and cultural activities!
Call Taunya Fagan, 406.579.9683