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Intro to Bozeman

Bozeman real estate in the summer of 2020

by Liz Nitz

Bozeman real estate in the summer of 2020

What happened in Bozeman real estate in the summer of 2020?

2020 was the  summer where Covid raged across the United States, shutting down major cities and even some entire states.  Yet here in Bozeman, we saw an influx of out of town buyers.  What were the driving factors behind this influx?

 

Bozeman Is a Great Place to Work From Home

*According to online brokerage Redfin, page views of homes in towns with fewer than 50,000 residents were up 87% year over year in May. Why? The pandemic has created more work-from-home opportunities. As a result, employees are eager for homes in small towns that have more affordable options, room to breathe, and a community-focused quality of life that’s hard to find in big cities.

 

Relative Affordability and a Strong Housing Market

Bozeman’s housing market rebounded quite nicely in May after reopening from Covid-19 closures. Currently, the median home price in Bozeman in March 2020 was $485,000; outside the city limits it was $547,000. But as *Bozeman’s population has grown by nearly 20% in the last five years, there’s definite buzz about its continued growth and what that means for housing supply and prices.

 

High Quality of Life

Another reason why Bozeman saw an influx of out of town buyers in summer of 2020 was due to Bozeman’s reputation as a true gem when it comes to active amenities for its lucky residents.

We  are lucky enough to have:
Bridger Bowl: This local, family-friendly ski resort is just 16 miles away. There are two free shuttles from Montana State University and the Gallatin Fairgrounds to/from Bridger Bowl.
Main Street to Mountains: This amazing trail system connects Bozeman to the mountains and spans more than 80 miles through public and private land. Great for walking, hiking, biking, birdwatching, and just taking in some beautiful, natural scenery.
Bridger Ski Foundation: This community ski organization runs programs for all ages in Nordic, Alpine, and Freestyle skiing. They also groom an incredible network of community trails for the public in Bozeman.

 

Ease of Transportation

Getting around Bozeman is pretty stress-free, and scenic too!
*The average one-way commute time is 14.6 minutes; compared to the national average of 26.4 minutes.
Hop on your bike or walk along the popular Galligator commuter trail, which connects Montana State University to Downtown Bozeman. Or hit the many designated bike lanes throughout the town.
Streamline Bus: The area’s public bus offers FREE service from Bozeman, Belgrade, Four Corners, and Livingston, with seasonal service to Bridger Bowl.

For more information about the Bozeman real estate and living in Bozeman, check my website and blog at https://movemetomontana.com/ 

 

*Sources
Prospera Business Network: 2020 Economic Profile of Gallatin and Park Counties, Montana
redfin.com
bestplaces.net

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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

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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

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2316 Gallatin Green Boulevard 17, Bozeman, Montana 59718

2316 Gallatin Green Boulevard 17, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
1,530Sqft
Beautiful 3 bed 2.5 bath 1530 square foot condo with an attached 2 car garage. This unit features gray cabinets, white hard surface countertops, stainless steel appliances for a great modern feel. Wonderful location close to walking trails, parks, gym, Costco, Target, etc. 3rd bedroom does not have a closet but seller with work with buyer and show them options. AC is an available upgrade.
$445,000

3271 Warbler Way A, Bozeman, Montana 59718

3271 Warbler Way A, Bozeman, Montana 59718

3Bedroom(s)
1Bathroom(s)
2,614Sqft
Introducing Skyline Vista, a luxury condo community located on the park in Cattail Creek. With over 2600 +/- sq. feet of living space these 3 bedroom condos live large with a long list of premium upgrades. First floor family room provides a great multi purpose room or office.
$775,000

289 Heights Circle, Bozeman, Montana 59718

289 Heights Circle, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.61Acre
2,011Sqft
Custom Home with Additional Income Apartment and a Separate Office Space on .61-acres across from a 5-acre park! This home, built by Dan Jones, has a vaulted ceiling with alder stained trim and door package. The extra-large kitchen has quartz countertops, ceramic tile backsplash, and stainless-steel appliances. The living room features large windows and a beautiful rock fireplace.
$990,000

2938 Warbler Way 16, Bozeman, Montana 59718

2938 Warbler Way 16, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
1,392Sqft
Elkhorn Condos are designed by Locati Architects. This is an end-unit 3 bedroom condo located near shopping and public transportation, trails, ponds, playgrounds. All bedrooms are located upstairs. There is a one-car attached garage. The main level includes a galley kitchen that opens to the dining and living room.
$445,000

102 N Chouteau Avenue, Bozeman, Montana 59718

102 N Chouteau Avenue, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.23Acre
1,920Sqft
This home is calling you! It's centrally located with great access to all things 'Bozeman'. This is where neighbors come over for a 'backyard movie night' and sidewalks are filled with chalk drawings and people chatting. The outside has very nice curb appeal. The lot has plenty of mature trees and garden boxes. AND, how about your own water well for lawn and garden irrigation.
$699,000

3124 Augusta Drive, Bozeman, Montana 59715

3124 Augusta Drive, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.25Acre
1,948Sqft
Located between downtown and the Bridger Mountains across the street from the Bridger Creek golf course, this single level home backing up to open space boasts an open floor plan and vaulted ceilings. The spacious living room features a gas fireplace and large slider out to your back deck to enjoy the views.
$850,000

986 Cassandra Ln Unit A, Bozeman, Montana 59718

986 Cassandra Ln Unit A, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
1,769Sqft
BACKS TO OPEN SPACE! This condo feels more spacious due to its ideal location. Easy access to trails, parks, schools, and shops! Unit has 3 bedrooms and 2.5 baths and a 1 car garage.
$610,000

120 Kimball B, Bozeman, Montana 59718

120 Kimball B, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
2,433Sqft
This charming 4 bedroom, nearly 2500sq/ft, condo is not one to miss. The beautiful kitchen features granite counter tops, and plenty of entertaining space. The bonus room on the east side of the condo is a wonderful addition to the living space of this home. The 2-car garage has plenty of space for all your toys.
$695,000

3155 Cattail A, Bozeman, Montana 59718

3155 Cattail A, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
1,535Sqft
Great end unit in duplex building, with all new paint and carpet. Located in an established neighborhood with open space, trails, parks, ponds, and views. This place is move-in ready and awaiting your personal touches. Great light with lots of windows in this open main level floorplan with half bath on the main level.
$499,000
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Range Properties

135 E Main St.

Bozeman, MT 59715

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