Tamara Williams

Bozeman, MT 59715

Single-Family Homes

RRE-BRO-LIC-53659



Bozeman, MT 59715

Thu Dec 26 2024
This week the median list price for Bozeman, MT 59715 is $1,390,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 71. Click here to stay informed with the Bozeman market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Bozeman, MT 59715

Thu Dec 26 2024
This week the median list price for Bozeman, MT 59715 is $1,390,000 with the market action index hovering around 33. This is less than last month's market action index of 35. Inventory has decreased to 71. Click here to stay informed with the Bozeman market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Bozeman market.
Median List Price $1,390,000
Median Price of New Listings $1,350,000
Per Square Foot $493
Average Days on Market 146
Median Days on Market 140
Price Decreased 34%
Price Increased 1%
Relisted 8%
Inventory 71
Median Rent
Market Action 33
Slight Seller's Advantage

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,795,000 5,000 10 - 20 acres 4 4 21 0 0 147
$1,885,000 3,562 1 - 2.5 acres 4 3 37 0 1 140
$1,114,750 2,681 0.25 - 0.5 acre 4 3 47 1 1 94
$719,500 1,848 6,500 - 8,000 sqft 3 2 64 0 1 140