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!!

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2238 Baxter Lane 8, Bozeman, Montana 59718

2238 Baxter Lane 8, Bozeman, Montana 59718

2Bedroom(s)
2Bathroom(s)
970Sqft
This cozy, well-maintained, and bright second level 2 Bed, 2 Bath condo boasts it all from new LVP flooring throughout the kitchen and living room to its convenient proximity to shopping, parks, and schools. Enjoy the mountain view from the covered balcony before heading to the nearby walking trails. Easy access to the detached single car garage and private parking space.
$375,000

1755 Windrow Drive, Bozeman, Montana 59718

1755 Windrow Drive, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.02Acre
2,100Sqft
Modern, single level living in Flanders Mill! This like-new home boasts soaring ceilings, an entertainer’s kitchen with quartz countertops, and stainless steel appliances coupled with a thoughtful and open floor plan.
$1,099,000

5408 May Fly Street, Bozeman, Montana 59718

5408 May Fly Street, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.14Acre
1,796Sqft
Don't miss out on this rare opportunity to own a single family home in Bozeman listed under $700,000 with mountain views! This well laid out, 1796 sq ft Norton Ranch home features 3 generously sized bedrooms, 2.5 bathrooms, large closets, and an open floor plan on the ground floor. The fenced back yard gives plenty of privacy while still getting plenty of sun year round.
$695,000

2400 W Durston Road 40, Bozeman, Montana 59715

2400 W Durston Road 40, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
1,820Sqft
Appealing Willowbrook condo with updated luxury vinyl plank flooring in kitchen, dining area and living room. Full kitchen appliance package plus a washer and dryer. Gas fireplace serves dining and living room areas. Large east facing patio for enjoyment in the summer. First floor master with double closets. The two bedrooms on the second floor share a full bath. Two car garage.
$539,000

743 Loxley Drive, Bozeman, Montana 59718

743 Loxley Drive, Bozeman, Montana 59718

5Bedroom(s)
2Bathroom(s)
0.19Acre
2,348Sqft
Location, main level master and a 3 car tandem garage are just a few of the reasons you have to tour this property for yourself! Vaulted ceilings, five bedrooms, two and half bath with over 2,000 sq ft. this floor plan allows for a variety of options to suit your needs. Directly out the backdoor leads you to a patio with a pergola great for entertaining in the backyard.
$829,900

2526 Maiden Star Lane, Bozeman, Montana 59715

2526 Maiden Star Lane, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.20Acre
2,455Sqft
The Legends home you have been waiting for! 3 bedroom 2 1/2 bath, high end custom built by DK Homes. Fantastic location close to neighborhood trails that link to the M/town trail and Story Mill Park. Minutes to Main Street and Bridger Bowl. This home features an open floor plan showcasing rock fireplace with soaring vaulted ceilings.
$997,000

3801 Renova Lane, Bozeman, Montana 59718

3801 Renova Lane, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.14Acre
1,242Sqft
Currently the ONLY single family home in Bozeman city limits under $600,000! This single level three bedroom, two bath home is situated in Oak Springs subdivision, directly across from the neighborhood park and within close proximity to the Gallatin County Regional Park.
$590,000

114 Michael Grove, Bozeman, Montana 59718

114 Michael Grove, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.08Acre
1,354Sqft
Looking for a great investment, home for your college students or just a great deal in an increasingly competitive market??? Well, look no further. This townhome is 3 beds, 2 full baths, great back yard ready for your personal touch. Located conveniently to all things Bozeman, this centrally located home gives you access to wherever you need to go.
$449,900

4616 Danube Lane, Bozeman, Montana 59718

4616 Danube Lane, Bozeman, Montana 59718

4Bedroom(s)
3Bathroom(s)
0.42Acre
3,834Sqft
Highly sought after Baxter Meadows West location! If you're looking to be in the heart of Bozeman's energy, look no farther! Conveniently located just blocks from Bozeman schools, the neighborhood park, Bozeman Sports Park, Gallatin Regional Park, Dog Park, pump track & Dinosaur Park...it's a rare find! Situated on just over 0.
$1,359,800
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