Bozeman and Belgrade Real Estate Trends

by Liz Nitz

Bozeman and Belgrade Real Estate Trends

I hope that this blog finds everyone well out there.  The people of Gallatin County have done a good job of being responsible with their interactions and keeping the Coronavirus at bay.  We have also done an even better job of reaching out to others and helping those who need it.  I have seen so many great examples of our caring community including food deliveries to those who have been laid off, people purchasing gift cards to support local businesses, even a man with a guitar singing to seniors outside their windows. Hopefully we don’t have much longer of our home isolation and can look forward to a great summer together.

Some of you are probably wondering, what has happened to the Bozeman and Belgrade real estate market?  Have home values dropped thereby decreasing your equity?  I know that after your health of yourself and loved ones, the economic consequences of this crisis have got to be paramount in your mind.

You may be surprised to learn then, that the real estate market is holding its own.  I have made some tables below to illustrate.  The categories for this blog post are single family homes in all price ranges and the three tables represent Bozeman City Limits, Bozeman Outside City Limits and Belgrade.

 

Bozeman City Limits

In this table, we see data from Bozeman inside city limits.  New listings for March are actually up over last year.  Closed sales are also in line with last year however most of those sales would have been signed in late January or February.  The slowdown here can be seen in Pending sales.  A few reasons for this – People are hesitant to look at homes now, sellers are requesting initial showings by video and we did not have the normal influx of out of towners for spring break and house shopping.   Our inventory has increased a little but prices have remained firm thus far.  We are still at a pretty low inventory level as real estate markets go.

 

Bozeman – Outside City Limits

Below are the statistics for Bozeman Outside City Limits.  This is a little different of a situation.  Here we see increased listings over last year and even increased pended sales in the month of March.  Closed sales have slowed slightly but the interesting number is that Days on Market has decreased by 30 days in March and is down even year to date.    Inventory is up a bit as I would expect due to our recent situation and the difficulty in getting out.

 

Belgrade

Next up is Belgrade.  Belgrade is just booming with development and home sales.  We see increased inventory over last year and increased pended sales and a year to date increase in closed sales.  Days on market has decreased reflecting plenty of buyer activity.

 

Thus far, real estate is still moving, thanks to Governor Bullock allowing us to continue our work with people needing homes.  Home loans are still available at good rates and we have not seen pricing decreases.  April’s numbers will be very enlightening as our sales will have been affected by the March stay at home time order.

Keep an eye on my blog at http://MoveMeToMontana.com for updates and more information about the Bozeman area.

Data is from Gallatin Realtors and Big Sky MLS.  https://gallatinrealtors.com/

Stay strong, stay distant and stay healthy!  We got this.

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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.

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7775 Bridger Shadows Road, Bozeman, Montana 59715, Bozeman, Montana 59

7775 Bridger Shadows Road, Bozeman, Montana 59715, Bozeman, Montana 59715

5Bedroom(s)
5Bathroom(s)
20Acre
5,493Sqft
Impeccably constructed new home located in Bridger Canyon. Boasting almost 6000 +/- sq ft and over 8500+/- sq ft of pure luxury under roof, this home and barn is located on 20 acres in coveted Bridger Canyon. Located just ten miles from downtown Bozeman and 10 minutes from Bridger Bowl Ski area, this brand-new custom home has it all.
$7,600,000

140 Village Crossing Way 3H, Bozeman, Montana 5971, Bozeman, Montana 5

140 Village Crossing Way 3H, Bozeman, Montana 5971, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,183Sqft
Welcome to your beautiful new home at 140 Village Crossing Way, nestled in downtown Bozeman! This turn-key property offers a perfect blend of modern comfort and breathtaking natural beauty, boasting stunning views of the majestic Bridger Mountains. The open-concept layout of the living area creates an inviting atmosphere, ideal for entertaining or simply unwinding after a day of adventure.
$765,000

315 N Tracy Avenue 406, Bozeman, Montana 59715, Bozeman, Montana 59715

315 N Tracy Avenue 406, Bozeman, Montana 59715, Bozeman, Montana 59715

1Bedroom(s)
2Bathroom(s)
1,301Sqft
With incredible southwestern views from multiple angles from this fourth floor unit in downtown Bozeman’s premier new luxury condominium building, The Henry, you’ll feel like you’re living in the clouds while only being blocks from Main Street.
$1,320,000

140 Village Crossing Way 2G, Bozeman, Montana 5971, Bozeman, Montana 5

140 Village Crossing Way 2G, Bozeman, Montana 5971, Bozeman, Montana 59715

1Bedroom(s)
1Bathroom(s)
867Sqft
Don’t miss this Village Loft Condo in the heart of downtown Bozeman offering exceptional unobstructed Bridger Mountain views from second floor balcony, perfect for enjoying the fresh Montana air.
$520,000

937 Auger Lane, Bozeman, Montana 59718, Bozeman, Montana 59718

937 Auger Lane, Bozeman, Montana 59718, Bozeman, Montana 59718

5Bedroom(s)
2Bathroom(s)
0.19Sqft
2,917Sqft
Welcome to your dream home in the sought-after Flanders Mill subdivision! This stunning single-family residence boasts 5 bedrooms and 2.5 bathrooms, offering ample space for comfortable living and entertaining. As you step inside, you'll be greeted by an inviting open floor plan featuring light hardwood floors that flow seamlessly throughout the main level.
$1,300,000

519 W Babcock, Bozeman, Montana 59715, Bozeman, Montana 59715

519 W Babcock, Bozeman, Montana 59715, Bozeman, Montana 59715

5Bedroom(s)
3Bathroom(s)
0.15Sqft
2,945Sqft
Explore the enchantment of this charming craftsman-style home nestled in downtown Bozeman. Numerous original features, including exquisite hardwood flooring, beautifully preserved cabinetry, and ceiling decor that echoes the timeless elegance of its construction. This residence is a true homage to craftsmanship and character.
$1,350,000

136 Stewart Loop, Bozeman, Montana 59718, Bozeman, Montana 59718

136 Stewart Loop, Bozeman, Montana 59718, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
1.30Sqft
2,294Sqft
On 1.3 acres. this home offers 4 bedrooms, 3 car attached garage, and separate ADU. So much to offer here! Main home has great floor plan with 3 bedrooms on the main level, including the primary suite with en-suite bathroom & walk-in closet. Two additional bedrooms and 1 full bath also on the main level.
$1,375,000

1300 Harper Puckett Road, Bozeman, Montana 59718, Bozeman, Montana 597

1300 Harper Puckett Road, Bozeman, Montana 59718, Bozeman, Montana 59718

5Bedroom(s)
3Bathroom(s)
2.28Sqft
3,670Sqft
Centrally located in the progressive mountain town of Bozeman, Montana, an exquisite 2+ acre lot offers a unique opportunity to build a high-end contemporary mountain home with commanding Bridger Mountain Views.
$2,200,000

75 E Clara Court, Bozeman, Montana 59718, Bozeman, Montana 59718

75 E Clara Court, Bozeman, Montana 59718, Bozeman, Montana 59718

5Bedroom(s)
3Bathroom(s)
0.36Sqft
4,316Sqft
Don't miss out on this remodeled home in the highly sought after Elk Grove Subdivision. This home sits at the end of the cul-de-sac with a partially fenced backyard for your pet. This is one of the bigger lots in Elk Grove with some beautiful views. Walk onto the expansive front porch into the big entry way.
$1,395,000
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