SW Montana Luxury Real Estate
Montana Luxury Home, Condo, Townhome Market Update
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Q2 2023 Update, Montana Luxury Residential Real Estate (over $1,000,000)
Chart 1: Q2 2023 update: median price for homes, condos, and townhomes is declining.
Q1 2023 median price is $1,463,150.
In Q1 2022, the luxury residential price was $1,572,000.
Q1 2021’s, median price was $1,605,000.
And, back in Q1 2020, price was $1,763,650.
Chart 2: In Q1 2023, there were 424 luxury listings, a ⇑ 302 or ⇑ 119.4% increase in the number of Montana luxury residential dwellings for sale compared to Q1 2022 (269).
In Q1 2021 there were 256 luxury listings (homes, condos, townhouses over $1,000,000) in SW Montana.
Today, our luxury environment is more of a buyer’s market but seller’s remain competitive, especially under $1,000,000.
New Luxury Listings
The number of luxury listings new to the market has risen dramatically since Q4 2021.
In Q4 2022, there are 304 new listings.
In Q4 2021, there were 145 new listings, and in Q4 2020, 125.
Pending Luxury Sales
Ironically, in Q2 2023 there are 105 pending sales.
In Q1 2022, there were 160 pending, and in Q1 2021 there were 183.
Taunya Fagan Bozeman Luxury Real Estate – Boutique Luxury @ ESTATE House, giving you the advantage – 406.579.9683