Bozeman real estate in the summer of 2020

by Liz Nitz

Bozeman real estate in the summer of 2020

What happened in Bozeman real estate in the summer of 2020?

2020 was the  summer where Covid raged across the United States, shutting down major cities and even some entire states.  Yet here in Bozeman, we saw an influx of out of town buyers.  What were the driving factors behind this influx?

 

Bozeman Is a Great Place to Work From Home

*According to online brokerage Redfin, page views of homes in towns with fewer than 50,000 residents were up 87% year over year in May. Why? The pandemic has created more work-from-home opportunities. As a result, employees are eager for homes in small towns that have more affordable options, room to breathe, and a community-focused quality of life that’s hard to find in big cities.

 

Relative Affordability and a Strong Housing Market

Bozeman’s housing market rebounded quite nicely in May after reopening from Covid-19 closures. Currently, the median home price in Bozeman in March 2020 was $485,000; outside the city limits it was $547,000. But as *Bozeman’s population has grown by nearly 20% in the last five years, there’s definite buzz about its continued growth and what that means for housing supply and prices.

 

High Quality of Life

Another reason why Bozeman saw an influx of out of town buyers in summer of 2020 was due to Bozeman’s reputation as a true gem when it comes to active amenities for its lucky residents.

We  are lucky enough to have:
Bridger Bowl: This local, family-friendly ski resort is just 16 miles away. There are two free shuttles from Montana State University and the Gallatin Fairgrounds to/from Bridger Bowl.
Main Street to Mountains: This amazing trail system connects Bozeman to the mountains and spans more than 80 miles through public and private land. Great for walking, hiking, biking, birdwatching, and just taking in some beautiful, natural scenery.
Bridger Ski Foundation: This community ski organization runs programs for all ages in Nordic, Alpine, and Freestyle skiing. They also groom an incredible network of community trails for the public in Bozeman.

 

Ease of Transportation

Getting around Bozeman is pretty stress-free, and scenic too!
*The average one-way commute time is 14.6 minutes; compared to the national average of 26.4 minutes.
Hop on your bike or walk along the popular Galligator commuter trail, which connects Montana State University to Downtown Bozeman. Or hit the many designated bike lanes throughout the town.
Streamline Bus: The area’s public bus offers FREE service from Bozeman, Belgrade, Four Corners, and Livingston, with seasonal service to Bridger Bowl.

For more information about the Bozeman real estate and living in Bozeman, check my website and blog at https://movemetomontana.com/ 

 

*Sources
Prospera Business Network: 2020 Economic Profile of Gallatin and Park Counties, Montana
redfin.com
bestplaces.net

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38 Marten Peak Court, Bozeman, Montana 59718

38 Marten Peak Court, Bozeman, Montana 59718

4Bedroom(s)
3Bathroom(s)
0.21Acre
2,476Sqft
Located in the Woodland Park subdivision, this brand new modern, contemporary home is 2,476 sf built by Old Mill Homes. Situated on a quiet cul-de-sac, this home has 4 bed, 3 bath, two living rooms and great floor plan. Estimated completion will be the end of June. Main level includes the master suite and addl bedroom with full bath for guests.
$1,000,000

410 Westridge Drive, Bozeman, Montana 59715

410 Westridge Drive, Bozeman, Montana 59715

4Bedroom(s)
2Bathroom(s)
0.20Acre
2,406Sqft
This meticulously maintained 4-bedroom home in the well-established Figgins neighborhood is must-see. Upstairs features a beautifully updated kitchen/dining room, a generous sized living room, master bedroom, an additional bedroom, and thoughtfully renovated bathroom.
$875,000

1068 Flanders Creek Avenue, Bozeman, Montana 59718

1068 Flanders Creek Avenue, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.10Acre
1,500Sqft
Rare find in Bozeman-a townhouse with a three car garage! This well maintained home is move in ready, from the cozy and private front porch, to the spacious living room with a three sided fireplace allowing enjoyment from the kitchen/dining area as well. The spacious patio features privacy, a hot tub and plenty of room for entertaining or grilling.
$575,000

840 Quail Run Road D, Bozeman, Montana 59718

840 Quail Run Road D, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
1,519Sqft
You'll love this charming and well maintained condo centrally located in the desirable North Star Subdivision in Four Corners. This quiet bright end unit boasts 3 bedrooms, 2 baths and 1519 sqft of living space. The combination open concept kitchen, dining room and living room make for easy and spacious single-level living, accented with vaulted ceilings and a granite finished gas fireplace.
$529,900

2940 Upper Rainbow Road, Bozeman, Montana 59718

2940 Upper Rainbow Road, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.97Acre
1,588Sqft
Lovingly maintained single level home on almost an acre in the desirable Four Corners area. This charming single owner home comes to market for the first time and offers three bedrooms and two bathrooms with an open floor plan. The kitchen has plenty of counter space, ample cabinetry for storage and a center island.
$700,000

727 Harper Puckett Road, Bozeman, Montana 59718

727 Harper Puckett Road, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
20Acre
1,780Sqft
GREAT HORSE OR GENTLEMAN RANCHER PROPERTY. PROPERTY WILL CONVEY WITH 50 INCHES OF WATER RIGHTS FROM THE LOWER MIDDLE CREEK DITCH COMPANY. HAS AAKER CREEK THAT RUNS YEAR ROUND THAT RUNS THROUGH THE ENTIRE PROPERTY. BEAUTIFUL GOLDEN WILLOW TREES. THIS PROPERTY HAD GREAT DEVELOPMENT POTENTIAL AND HAS NO COVENANTS OR ZONING. COULD BE A GLAMPING PROPERTY.
$2,700,000

96 Defender, Bozeman, Montana 59718

96 Defender, Bozeman, Montana 59718

4Bedroom(s)
4Bathroom(s)
0.52Acre
3,393Sqft
Stunning new plan under construction in Black Bull! This modern design is located on a .5 acre+ lot in a quiet cul de sac. Backing to state owned land, this lot provides an abundance of privacy. On the main floor are three bedroom suites, each with their own luxury bathrooms.
$1,899,000

171 Cold Smoke, Bozeman, Montana 59715

171 Cold Smoke, Bozeman, Montana 59715

3Bedroom(s)
1Bathroom(s)
1.19Acre
2,940Sqft
Glorious views of the Gallatin Valley and surrounding mountain ranges from this 1-Level custom. This home features 2 large master suites which has have large walk-in closets. One bath with separate tub and shower, 2nd Master with walk-in closet and 3/4 bath, additional bedroom and office.
$2,375,000

1609 Maple Street B2, Bozeman, Montana 59715

1609 Maple Street B2, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,046Sqft
Stunning Mountain views of The Bridgers and Spanish Peaks can be seen from these incredibly well located, brand-new Bridgeview condos. Just down the street from MSU. These newly constructed condos boast dual bedrooms with en-suite bathrooms; featuring beautiful tiled showers with glass doors.
$499,500
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