Intro to Bozeman

Bozeman Real Estate Pricing Trends by Price Category

by Liz Nitz

Is there any good news for Bozeman buyers in regard to the Pricing Trends of real estate? To answer this question, we have to dig a bit into our sales data.  Luckily, October numbers and Year to Date numbers were just released so we have a pretty good idea of what is going on.  For a snapshot, I have broken out sales prices by price category and graphed them over three years.  In this blog edition, I am only applying my analysis to Bozeman but I will do follow up blogs on Gallatin County and Belgrade.

My categories are 350 K or less, 351 – 499K, 500 to 700K and over 700K.  I have broken out Single Family, Condo and Townhome sales.  The attached graphs show what has happened with median pricing in each category.  While there are price variations if you were to look at each individual month, that is to be expected as pricing of available inventory will vary but the overall trend here seems to be pretty flat with even some softening  in the single family home market.  As expected, the higher priced home categories have seen the least price increase while the homes less than 499K have continued to increase at a very gradual rate.  One note, in the two higher price categories, the townhomes and condos have some big rises and dips.  I believe this to be reflective of high-end projects that are being sold downtown.  They are limited in number and as they are completed, the developer puts them on the market. They sell over 6months to a year and at high prices which makes the graph skew

Homes, Condos and Townhomes less than $350,000

Pricing Trends

Homes, Condos and Townhomes $351,000-$499,999

Pricing Trends

Homes, Condos and Townhomes $550,000- $699,999

Pricing Trends

Homes, Condos and Townhomes $700,000 and over

Pricing Trends

These numbers reflect sold pricing.  Remember that Montana is a non disclosure state so only licensed real estate professionals can access accurate data.  If you would like to dive deeper into market trends, please reach out and let’s have a conversation!  I hope you found this helpful – please pass it on!!

New Real Estate Trends in Bozeman

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Latest Listings

The following homes listed below were just listed in the last 7 days. This seller’s market is hot so we keep a close eye on the latest inventory. Subscribe below for instant updates of your ideal criteria.

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67 Wickwire Way, Bozeman, Montana 59718

67 Wickwire Way, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.19Acre
2,067Sqft
Settle into new construction at Black Bull. Located steps away from club amenities and backing to open space, "The Bungalow" offers single level living at its finest. The Bungalow is just over 2,000 sq feet, with 3 beds and 2.5 bathrooms.
$849,000

1995 Buckrake Avenue, Bozeman, Montana 59718

1995 Buckrake Avenue, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.12Acre
1,757Sqft
This townhouse is a rare find, with a fully fenced back and side yard, large wraparound deck, and bordering park space on two sides. Surprisingly good Bridger mountain views from the deck, living room and master suite. Main living areas are on the first floor, with all bedrooms and laundry area on the second floor.
$460,000

5756 Westmorland Drive, Bozeman, Montana 59718

5756 Westmorland Drive, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.10Acre
1,986Sqft
Oh yes, the Lakes of Valley West; a highly sought after community located in Bozeman, MT! This lovely home features 4BR/2.BA & will knock your socks off with its contemporary look and feel w/ large southern exposure windows, located at the end of a cul-de-sac and adjoins the community walking trail.
$599,900

71 Ridge Line Lane, Bozeman, Montana 59718

71 Ridge Line Lane, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.20Acre
3,286Sqft
Here is your opportunity to own a beautiful home in North Star Subdivision. As you enter the home you will notice the main level provides a functional open-concept floor plan throughout the living, dining, and kitchen area. This home is accented with wood trim, vaulted ceilings, a beautiful gas fireplace, stainless steel appliances, built-in speakers, and the kitchen features granite countertops.
$595,000

1297 Thomas Drive, Bozeman, Montana 59718

1297 Thomas Drive, Bozeman, Montana 59718

2Bedroom(s)
2Bathroom(s)
1,075Sqft
Newly constructed condominiums offering a combination of 1 BD/1.5 BA units along with 2BD/2BA units and 2BD/2.5BA properties. GE appliance package with including electric range, dishwasher, disposal, microwave, exhaust hood, washer/dryer, refrigerator. Quartz countertops, natural gas forced air and AC. Walk-in closets with storage, some condos have decks with additional storage.
$360,000

2929 Texas Way, Bozeman, Montana 59718

2929 Texas Way, Bozeman, Montana 59718

4Bedroom(s)
1Bathroom(s)
4Acre
2,348Sqft
Hard to find small ranchette property in SW Bozeman. Though only four acres this property has it all. The home was originally built in 1969, but has been completely remodeled with Anderson wood windows, hardwood floors, upgraded cabinets, granite counter tops, plumbing, lighting, etc.
$1,250,000

606 Park Place, Bozeman, Montana 59715

606 Park Place, Bozeman, Montana 59715

5Bedroom(s)
3Bathroom(s)
0.31Acre
3,530Sqft
Welcome to the charming SE Bozeman neighborhood of Westfield & this fabulous (currently being remodeled) home at 606 Park Place that features a versatile floor plan with mature landscaping that makes this property great for years of living, growth & memorable gatherings. This home includes 5 bedrooms & 3.
$821,010

3138 Annie Street, Bozeman, Montana 59718

3138 Annie Street, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.16Acre
1,918Sqft
Welcoming home in Harvest Creek! Built in 2011, this home is lightly lived in! It features 3 bedrooms, 2 full baths with a total of 1918+/- square feet including a massive bonus room upstairs! Master bedroom and ensuite bath on the main level. Covered front and rear patios with a fully fenced back yard. Great location and close to parks! On the interior of the subdivision and a quiet street.
$564,900

1419 S 3rd Ave, Bozeman, Montana 59715

1419 S 3rd Ave, Bozeman, Montana 59715

4Bedroom(s)
3Bathroom(s)
0.21Acre
2,632Sqft
This charming home located just minutes from MSU is move in ready. Too many updates and upgrades to list, but some include an open, modern floor plan, upgraded kitchen with stainless steel appliances, new light fixtures, and more! The master suite features a spacious and upgraded bathroom. The back yard is an oasis, perfect for entertaining on the spacious deck.
$899,000
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Bozeman, MT 59715

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