Tamara Williams
Bozeman, MT 59715
Single-Family Homes
RRE-BRO-LIC-53659
Bozeman, MT 59715
Wed Oct 09 2024
This week the median list price for Bozeman, MT 59715 is $1,375,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has decreased to 109.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $1,375,000 | |
| Median Price of New Listings | $1,200,000 | |
| Per Square Foot | $465 | |
| Average Days on Market | 104 | |
| Median Days on Market | 84 | |
| Price Decreased | 52% | |
| Price Increased | 2% | |
| Relisted | 10% | |
| Inventory | 109 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,300,000 | 4,314 | 10 - 20 acres | 4 | 3.5 | 19 | 1 | 2 | 112 |
| $1,750,000 | 3,626 | 1 - 2.5 acres | 4 | 3 | 34 | 1 | 2 | 98 |
| $1,190,000 | 2,770 | 0.25 - 0.5 acre | 4 | 3 | 34 | 3 | 3 | 77 |
| $832,000 | 2,354 | 8,000 - 10,000 sqft | 3 | 2 | 50 | 0 | 4 | 84 |