Intro to Bozeman

What to Expect in Bozeman Real Estate in 2021

by Liz Nitz

What to Expect in Bozeman Real Estate in 2021

Bozeman real estate in 2021 is currently in a seller’s market. From 2019 to 2020, the median sales price increased from *$399,900 to $420,000 and inventory dipped to 0.4 months supply. My prediction is that it’s not going to get any better or less competitive in Bozeman real estate in 2021.

 

If you’re a seller:

  • Buyers are still picky and they are not buying just to buy. Consider updates and professional staging if your home is dated and looking like the 1990s.
  • Buyers are looking for homes that fit their lives in the new normal. Think: plenty of outdoor space; dedicated rooms for remote work/home schooling/exercise; and a well-appointed kitchen with plenty of storage space.

 

If you’re a buyer:

  • Bidding wars are a real thing right now, so think carefully about the price you want to pay.
  • Be prepared to make concessions on items like inspections, earnest money and closing dates, as well as letting the seller rent back for a while if they need to look for a new home.

 

If you’re looking for affordability: Consider surrounding towns like BelgradeThree Forks and Livingston.

  • Belgrade: Located 11 miles from Bozeman; The median sales price increased from *$319,900 in 2019 to $341,400 in 2020.
  • Three Forks: Located 29 miles from Bozeman; The median sales price increased from *$282,500 in 2019 to $311,250 in 2020.
  • Livingston: Located 26 miles from Bozeman; The median sales price increased from *$284,000 in 2019 to $300,000 in 2020.

(*Source: Big Sky Country MLS 2020 Annual Report)

 

This previous post talks about what happened to Bozeman real estate in 2020. Keep in mind that whatever you might be hearing or reading on social media, real estate agents did not create the current housing situation in Bozeman. The low interest rates mixed with the resulting demand for homes in places like Bozeman during the pandemic and the hesitancy of homeowners to put homes on the market with all the uncertainty were factors that were completely out of any agent’s purview.

If you’re interested in learning more about real estate in Bozeman and surrounding areas in Montana, feel free to contact me at liz@windermere.com.

Share

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Table of Contents
Bozeman median home value

Increase Your Home's Value

It's a hot market in Bozeman. Don't leave money on the table!

In As Little As A Day

Grab these 7 tips to increase your home's value today!
Get My Guide
Featured Properties
No Comments

Post A Comment

New Real Estate Trends in Bozeman

New Real Estate Trends in Bozeman

The pandemic and remote work are resulting in new real estate trends. We saw a big influx of out-of-town buyers in 2020 that was mainly fueled by the pandemic. I think what is driving home-buying decisions is interesting and we are seeing some new real estate trends

Read More →
New on the MLS

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.

Sort Option
  • Listing ID
  • Built up Area
  • Price
  • Pictures
  • Add date
  • Featured
Grid
List
Map
RSS

1582 New Holland Way, Bozeman, Montana 59715

1582 New Holland Way, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.16Acre
1,685Sqft
Stunning brand-new to be built, home, located in a convenient in town location. Walking distance to the Gallatin Regional Park, Dinosaur Playground, Dog Park and ponds. Homes feature shaker cabinets, quartz counters, luxury vinyl plank flooring. 8 foot doors throughout! A generous Master suite with huge walk-in shower, dual vanities and spacious closet. Good size living, dining, kitchen areas.
$487,500

1560 New Holland Drive, Bozeman, Montana 59715

1560 New Holland Drive, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.12Acre
2,015Sqft
Stunning brand-new home to be built, located in a convenient in town location. Walking distance to the Gallatin regional park and Dinosaur playground. Home will feature shaker cabinets, quartz counters, luxury vinyl plank flooring. Main level has a 1/2 bath, living, dining, kitchen. Stainless appliances, enormous garage.
$525,951

402 Meriwether Avenue, Bozeman, Montana 59715

402 Meriwether Avenue, Bozeman, Montana 59715

3Bedroom(s)
3Bathroom(s)
0.13Acre
1,864Sqft
This townhome is in the heart of Bozeman is estimated to begin construction in November 2020. Units will include modern finishes such as LVP flooring, stainless appliances, granite counter tops, decks for entertaining, and a full landscape package. Interior units are 1,588 sq. ft. with 2-bedroom, 2-baths with single attached garages. Exterior units are 1,864 sq.
$435,000

432 Meriwether Avenue, Bozeman, Montana 59715

432 Meriwether Avenue, Bozeman, Montana 59715

3Bedroom(s)
3Bathroom(s)
0.10Acre
1,864Sqft
This townhome is in the heart of Bozeman is estimated to begin construction in November 2020. Units will include modern finishes such as LVP flooring, stainless appliances, granite counter tops, decks for entertaining, and a full landscape package. Interior units are 1,588 sq. ft. with 2-bedroom, 2-1/2 baths with single attached garages. Exterior units are 1,864 sq.
$435,000

1704 Lincoln Street C1, Bozeman, Montana 59715

1704 Lincoln Street C1, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B8, Bozeman, Montana 59715

1704 Lincoln Street B8, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B3, Bozeman, Montana 59715

1704 Lincoln Street B3, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B2, Bozeman, Montana 59715

1704 Lincoln Street B2, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B1, Bozeman, Montana 59715

1704 Lincoln Street B1, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500
170 Results returned.Per Page

home

Let me help
you find yours.

Windermere Downtown logo Bozeman Real Estate Agent Liz Nitz

Windermere Downtown Bozeman

135 E Main St.

Bozeman, MT 59715

MLS Realtor logo Bozeman Real Estate Agent Liz Nitz
Equal Housing Opportunity Bozeman Real Estate Agent Liz Nitz
Copyright © 2020 by Liz Nitz. All rights reserved. View our Privacy Policy.
Made with ♡ by Pageperfect.
Play Video

Get In Touch

Start the Conversation

Play Video

Don't leave money on the table

Increase Your Home's Value in A Day

Get Dynamic Updates

Save a custom search on this page & I'll email you instantly when a new listing matches the criteria.