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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2238 Baxter Lane 8, Bozeman, Montana 59718

2238 Baxter Lane 8, Bozeman, Montana 59718

2Bedroom(s)
2Bathroom(s)
970Sqft
This cozy, well-maintained, and bright second level 2 Bed, 2 Bath condo boasts it all from new LVP flooring throughout the kitchen and living room to its convenient proximity to shopping, parks, and schools. Enjoy the mountain view from the covered balcony before heading to the nearby walking trails. Easy access to the detached single car garage and private parking space.
$375,000

1755 Windrow Drive, Bozeman, Montana 59718

1755 Windrow Drive, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.02Acre
2,100Sqft
Modern, single level living in Flanders Mill! This like-new home boasts soaring ceilings, an entertainer’s kitchen with quartz countertops, and stainless steel appliances coupled with a thoughtful and open floor plan.
$1,099,000

5408 May Fly Street, Bozeman, Montana 59718

5408 May Fly Street, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.14Acre
1,796Sqft
Don't miss out on this rare opportunity to own a single family home in Bozeman listed under $700,000 with mountain views! This well laid out, 1796 sq ft Norton Ranch home features 3 generously sized bedrooms, 2.5 bathrooms, large closets, and an open floor plan on the ground floor. The fenced back yard gives plenty of privacy while still getting plenty of sun year round.
$695,000

2400 W Durston Road 40, Bozeman, Montana 59715

2400 W Durston Road 40, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
1,820Sqft
Appealing Willowbrook condo with updated luxury vinyl plank flooring in kitchen, dining area and living room. Full kitchen appliance package plus a washer and dryer. Gas fireplace serves dining and living room areas. Large east facing patio for enjoyment in the summer. First floor master with double closets. The two bedrooms on the second floor share a full bath. Two car garage.
$539,000

743 Loxley Drive, Bozeman, Montana 59718

743 Loxley Drive, Bozeman, Montana 59718

5Bedroom(s)
2Bathroom(s)
0.19Acre
2,348Sqft
Location, main level master and a 3 car tandem garage are just a few of the reasons you have to tour this property for yourself! Vaulted ceilings, five bedrooms, two and half bath with over 2,000 sq ft. this floor plan allows for a variety of options to suit your needs. Directly out the backdoor leads you to a patio with a pergola great for entertaining in the backyard.
$829,900

2526 Maiden Star Lane, Bozeman, Montana 59715

2526 Maiden Star Lane, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.20Acre
2,455Sqft
The Legends home you have been waiting for! 3 bedroom 2 1/2 bath, high end custom built by DK Homes. Fantastic location close to neighborhood trails that link to the M/town trail and Story Mill Park. Minutes to Main Street and Bridger Bowl. This home features an open floor plan showcasing rock fireplace with soaring vaulted ceilings.
$997,000

3801 Renova Lane, Bozeman, Montana 59718

3801 Renova Lane, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.14Acre
1,242Sqft
Currently the ONLY single family home in Bozeman city limits under $600,000! This single level three bedroom, two bath home is situated in Oak Springs subdivision, directly across from the neighborhood park and within close proximity to the Gallatin County Regional Park.
$590,000

114 Michael Grove, Bozeman, Montana 59718

114 Michael Grove, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.08Acre
1,354Sqft
Looking for a great investment, home for your college students or just a great deal in an increasingly competitive market??? Well, look no further. This townhome is 3 beds, 2 full baths, great back yard ready for your personal touch. Located conveniently to all things Bozeman, this centrally located home gives you access to wherever you need to go.
$449,900

4616 Danube Lane, Bozeman, Montana 59718

4616 Danube Lane, Bozeman, Montana 59718

4Bedroom(s)
3Bathroom(s)
0.42Acre
3,834Sqft
Highly sought after Baxter Meadows West location! If you're looking to be in the heart of Bozeman's energy, look no farther! Conveniently located just blocks from Bozeman schools, the neighborhood park, Bozeman Sports Park, Gallatin Regional Park, Dog Park, pump track & Dinosaur Park...it's a rare find! Situated on just over 0.
$1,359,800
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