Bozeman, MT
Housing Market
Bozeman's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Bozeman's supply and demand trends. Our report equips you with the information you require to make well-informed decisions.
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Buy or SellBozeman Housing Market Overview
The Bozeman real estate market shows signs of cooling, with home prices slightly down but inventory and new listings on the rise. The median home price is now $700,000, a 2.8% decline from last year. This month, 48 homes were sold, which is a 15.8% decrease YoY. Properties now spend a median of 130 days on the market, significantly longer than this time last year.
From rustic cabins to modern mountain retreats, Bozeman offers homes for every lifestyle. With stunning natural beauty, plenty of outdoor recreation opportunities, and a growing local economy, the area attracts buyers from around the country.
From rustic cabins to modern mountain retreats, Bozeman offers homes for every lifestyle. With stunning natural beauty, plenty of outdoor recreation opportunities, and a growing local economy, the area attracts buyers from around the country.
Median Sale Price
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Bozeman
Bozeman Housing Supply
Bozeman's housing market consistently draws buyers looking for a scenic lifestyle. Currently, there are 255 homes for sale in Bozeman, MT, a 3.7% increase compared to last year. With roughly 5.3 months of supply, the market is more or less balanced, though buyers are starting to gain more leverage. Of the total inventory, 103 are new listings.
Housing supply in Bozeman tends to follow seasonal trends, with more homes hitting the market in the spring and summer months. Sellers often list during this time to take advantage of better weather and increased buyer activity. In the current market, buyers have more inventory options and should watch for price drops. Also, keep an eye out for negotiation opportunities, and request seller concessions to offset closing costs.
Housing supply in Bozeman tends to follow seasonal trends, with more homes hitting the market in the spring and summer months. Sellers often list during this time to take advantage of better weather and increased buyer activity. In the current market, buyers have more inventory options and should watch for price drops. Also, keep an eye out for negotiation opportunities, and request seller concessions to offset closing costs.
# of Homes for Sale
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Bozeman
Bozeman Housing Demand
The Bozeman housing market is showing signs of slowing demand. Only 14.5% of homes have seen price drops, and the average sale-to-list price ratio stands at 97.6%. This indicates that sellers accept offers slightly below asking. Homes stay on the market for a median of 130 days, which gives buyers more negotiating power.
Sellers who price their homes accurately from the start are less likely to need price reductions. Additionally, offering seller concessions can help attract buyers and speed up the sale process. Listing a home on the Montana MLS can also boost visibility and bring in more offers for your property. On the other hand, buyers should keep an eye on homes that have been on the market longer or have seen prior price reductions. These properties can present greater value and better opportunities for negotiation.
Sellers who price their homes accurately from the start are less likely to need price reductions. Additionally, offering seller concessions can help attract buyers and speed up the sale process. Listing a home on the Montana MLS can also boost visibility and bring in more offers for your property. On the other hand, buyers should keep an eye on homes that have been on the market longer or have seen prior price reductions. These properties can present greater value and better opportunities for negotiation.
Homes Sold Above List Price
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Strong
Buyer
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Balanced
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Strong
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Bozeman Housing Market: When to Buy or Sell?
The housing market in Bozeman follows trends similar to the broader US housing market. When inventory increases, the competition is low and buyers have more flexibility. However, when housing demand outpaces supply, sellers receive more offers and can close sales quickly.
If the supply period is 5 months or longer, buyers will have more time to make decisions. If it's shorter than that, it means competition is high, and sellers are more likely to receive multiple offers at higher prices. Tracking both the Montana housing market and national trends can help buyers and sellers get the best results in this local market.
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Frequently Asked Questions
How has the average home price in Bozeman, Montana, changed over the past year?
The median home price in Bozeman, MT, has decreased by 2.8% over the past year, and is now $700,000. If you're curious about your position in today's shifting market, try our free home value estimator to know your property's current worth.
What is the Bozeman housing market forecast for 2025?
The Bozeman housing market is expected to remain stable in 2025, with a slight shift in favor of buyers as inventory grows. Home prices may see modest declines or level out as demand cools and listings increase. However, higher mortgage rates could affect affordability, especially for new buyers.
What is the average home price in Bozeman, MT?
Bozeman housing prices depend on factors like location, property type, and size. Prices typically average $472,500 for smaller homes or condos, while single-family homes cost closer to $715,000. If you're looking to buy, you can find Bozeman homes for sale across different budgets and lifestyles.
Is the Bozeman housing market slowing down?
Yes, the Bozeman housing market shows signs of slowing down. Home prices have dipped slightly, sales are down compared to last year, and homes are staying on the market much longer. While inventory is on the rise, demand has softened, which gives buyers more room to negotiate.
Where can I check Bozeman real estate trends?
The Bozeman housing market is shifting, with more inventory and longer selling times. Buyer demand has slowed, creating new opportunities in the market. If you're planning to buy or sell, check Bozeman, Montana, real estate trends to help you decide the right time to make your move.
When will the Bozeman housing market crash?
According to current forecasts, a housing market crash in Bozeman is unlikely. While the market has cooled slightly with slower sales and longer listing times, prices remain relatively stable. Moderate adjustments are expected, not a major downturn, as the market continues to rebalance in 2025.
How to buy a house in Bozeman?
Start with a clear budget and mortgage pre-approval. Next, search for houses for sale in Bozeman, MT, submit offers, secure a loan, and complete the closing process.
How can I list my house for sale in Bozeman, MT?
You can list your house with a Flat Fee MLS Montana listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location.
What is the average mortgage rate in Bozeman for buyers?
The average mortgage rate for buyers across the state fluctuates between 6.8% and 7%. But it depends on the market and the borrower's credit score. Always check rates with multiple lenders before you commit.
What is the average cost of living in Bozeman, MT?
Bozeman's cost of living is 21% higher than the national average. Housing in the city is 50% more expensive than the US median, while utilities are 6% less expensive. When it comes to everyday essentials, groceries in Bozeman cost 7% more than the national average.
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