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Bozeman Real Estate Market Update – Summer 2022

Bozeman Real Estate Market Update - Downtown Bozeman

Bozeman Real Estate Market Update – Summer 2022

This Bozeman real estate market update provides insight on real estate market activity in our region for the second quarter of 2022. Both Bozeman and Big Sky saw significant home sales in April through June 2022. Compared to June 2021, median sales prices of homes increased in the Bozeman area (Bozeman, Greater Bozeman, Belgrade, Three Forks and Manhattan) and in Big Sky, including Gallatin Canyon. Average sale prices in the city of Bozeman continue to increase at just under $1 million for homes and about $600,000 on average for condos and townhomes.

Buyers are taking more time to decide on purchases, so properties are staying on the market longer. The current state of the global economy is contributing to this stagnation, especially changes in the economy like inflation and higher interest rates. Despite these uncertainties, the number of average days on the market dropped in both Big Sky and the Bozeman area, as compared to June 2021. We are still experiencing historically low inventory levels in both regions, even with an increase in residential listings in Big Sky.

This pause has created an opportunity for buyers to come back after leaving the market in 2020. In addition, people who were priced out of more expensive markets are looking to nearby areas. For example, property sales have almost doubled in Three Forks since June 2021.


Bozeman Market Watch, 2nd Quarter 2022

To learn more about the market’s performance in Bozeman and the surrounding area, read the Market Watch for Bozeman Real Estate from April through June 2022:


Big Sky Market Watch, 2nd Quarter 2022

For more about Big Sky, check out the Market Watch for Big Sky Real Estate from April through June 2022:


Regardless of whether you’d like to sell your home in Big Sky or the Bozeman area, it’s important to work with a local REALTOR® who understands your goals and current market conditions. I will connect you with the right buyers so that you get the best value for your home.

If you’re interested in relocating, we can help you and your family find the perfect home away from the hustle and bustle of high-density areas.

For all of your real estate needs throughout Montana’s resort communities, call 406.581.8891 or view our current featured listings. You can also view all listings in Bozeman, Belgrade, Livingston, Manhattan, Three Forks, Ennis, and Big Sky.