In Q1 2024, a Bozeman Home Downtown is $795,000, Inventory, 43 Homes.
| YEAR | PRICE | HOMES |
| Q4 2023 | $684,900 | 45 |
| Q3 2023 | $829,250 | 56 |
| Q2 2023 | $785,000 | 40 |
| Q1 2023 | $860,000 | 26 |
| Q4 2022 | $790,000 | 35 |
Home Sales Down, Prices Up
Chart 1: Well into Q2 2024: A home costs $795,000, up ⇑ $110,00 or ⇑ 16.1% above Q4 2023.
Looking Back
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.
Sales price rose from the $505,000 of October 2020, to September 2022’s $987,500, a ⇑ $482,500 or ⇑ 95.6% increase.
From Q2 2022 to Q3 2022, the downtown price 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 previous record high.
Since Q2 2022’s record price and steep decline, price has just begun increasing but remains more than $150,000 below that of Q2 2022.
‘Check out the cost of a Bozeman home.
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 (DOM), Q2 2024 is 22. Q4 2023 DOM was 27. Q3 2023 was 24, and Q2 2023 was 11.
Q2 2024: 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
