There is no favorite listings!
Intro to Bozeman

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.



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 for updates and more information about the Bozeman area.

Data is from Gallatin Realtors and Big Sky MLS.

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


Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Table of Contents
Bozeman median home value

Increase Your Home's Value

It's a hot market in Bozeman. Don't leave money on the table!

In As Little As A Day

Grab these 7 tips to increase your home's value today!
Get My Guide
No Comments

Post A Comment

New Real Estate Trends in Bozeman

New Real Estate Trends in Bozeman

The pandemic and remote work are resulting in new real estate trends. We saw a big influx of out-of-town buyers in 2020 that was mainly fueled by the pandemic. I think what is driving home-buying decisions is interesting and we are seeing some new real estate trends

Read More →
What to Expect in Bozeman Real Estate in 2021

What to Expect in Bozeman Real Estate in 2021

Bozeman real estate in 2021 is currently in a seller’s market. From 2019 to 2020, the median sales price increased from *$399,900 to $420,000 and inventory dipped to 0.4 months supply. My prediction is that it’s not going to get any better or less competitive

Read More →
New on the MLS

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.

Sort Option
  • Listing ID
  • Built up Area
  • Price
  • Pictures
  • Add date
  • Featured
    0 Results returned.Per Page


    Let me help
    you find yours.

    Windermere Downtown logo Bozeman Real Estate Agent Liz Nitz

    Range Properties

    135 E Main St.

    Bozeman, MT 59715

    MLS Realtor logo Bozeman Real Estate Agent Liz Nitz
    Equal Housing Opportunity Bozeman Real Estate Agent Liz Nitz
    Copyright © 2020 by Liz Nitz dba Range Properties. All rights reserved. View our Privacy Policy.
    Made with ♡ by PagePerfect.
    Play Video

    Get In Touch

    Start the Conversation

    Play Video

    Don't leave money on the table

    Increase Your Home's Value in A Day

    Get Dynamic Updates

    Save a custom search on this page & I'll email you instantly when a new listing matches the criteria.