What to Expect in Bozeman Real Estate in 2021

by Liz Nitz

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 in Bozeman real estate in 2021.

 

If you’re a seller:

  • Buyers are still picky and they are not buying just to buy. Consider updates and professional staging if your home is dated and looking like the 1990s.
  • Buyers are looking for homes that fit their lives in the new normal. Think: plenty of outdoor space; dedicated rooms for remote work/home schooling/exercise; and a well-appointed kitchen with plenty of storage space.

 

If you’re a buyer:

  • Bidding wars are a real thing right now, so think carefully about the price you want to pay.
  • Be prepared to make concessions on items like inspections, earnest money and closing dates, as well as letting the seller rent back for a while if they need to look for a new home.

 

If you’re looking for affordability: Consider surrounding towns like BelgradeThree Forks and Livingston.

  • Belgrade: Located 11 miles from Bozeman; The median sales price increased from *$319,900 in 2019 to $341,400 in 2020.
  • Three Forks: Located 29 miles from Bozeman; The median sales price increased from *$282,500 in 2019 to $311,250 in 2020.
  • Livingston: Located 26 miles from Bozeman; The median sales price increased from *$284,000 in 2019 to $300,000 in 2020.

(*Source: Big Sky Country MLS 2020 Annual Report)

 

This previous post talks about what happened to Bozeman real estate in 2020. Keep in mind that whatever you might be hearing or reading on social media, real estate agents did not create the current housing situation in Bozeman. The low interest rates mixed with the resulting demand for homes in places like Bozeman during the pandemic and the hesitancy of homeowners to put homes on the market with all the uncertainty were factors that were completely out of any agent’s purview.

If you’re interested in learning more about real estate in Bozeman and surrounding areas in Montana, feel free to contact me at [email protected].

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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

3105 Madrona Lane, Bozeman, Montana 59715, Bozeman, Montana 59715

3105 Madrona Lane, Bozeman, Montana 59715, Bozeman, Montana 59715

5Bedroom(s)
3Bathroom(s)
0.19Sqft
3,053Sqft
Ideally situated on a corner lot in the highly sought-after Alder Creek subdivision, this stunning custom-built 5-bedroom, 3-bathroom family home is brimming with premium upgrades. Enjoy the comfort of air conditioning, walk-in closets in every bedroom, cherry cabinetry + granite countertops in the kitchen, laundry room, and all bathrooms.
$1,095,000

417 W Lamme, Bozeman, Montana 59715, Bozeman, Montana 59715

417 W Lamme, Bozeman, Montana 59715, Bozeman, Montana 59715

4Bedroom(s)
2Bathroom(s)
0.13Acre
2,032Sqft
417 W. Lamme is an adorable bungalow-style home with leaded glass in the picture window and entryway, located in downtown Bozeman. The backyard has been recently redone with a privacy fence, the garage has a new roof, and the foundation has been secured for this 1903 property.
$715,000

1948 Southbridge Drive B, Bozeman, Montana 59718, Bozeman, Montana 597

1948 Southbridge Drive B, Bozeman, Montana 59718, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
1,494Sqft
Beautiful condo in Bozeman's desired Southside! Enjoy the convenient, turn key living while being in the picturesque landscape of south Bozeman. This condo has vaulted ceilings and open concept living and kitchen area perfect for entertaining. Enjoy the walkout covered deck from the living room, spacious and made for relaxing and enjoying the mountain views.
$599,000

510 Greenway Ave, Bozeman, Montana 59718, Bozeman, Montana 59718

510 Greenway Ave, Bozeman, Montana 59718, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.11Sqft
1,450Sqft
Sunny and cozy one-level townhome with in-floor radiant heat located off of Durston, just West of 19th Ave. This beautifully updated southern-exposure townhouse is centrally located to everything Bozeman. Featuring 3 bedrooms, 2 bathrooms, vaulted open-concept living space, newly installed LVP and carpeting, new interior doors and hardware, new base and case trim, and freshly painted walls.
$495,000

1214 W Koch, Bozeman, Montana 59715, Bozeman, Montana 59715

1214 W Koch, Bozeman, Montana 59715, Bozeman, Montana 59715

2Bedroom(s)
1Bathroom(s)
0.15Sqft
1,474Sqft
You'll appreciate the convenient location of this partially renovated home, just a stone's throw from everything Bozeman has to offer, including MSU and downtown. Nestled on a spacious lot, it features raised garden beds, mature landscaping, stunning flowers, and a delightful, eclectic fully fenced backyard.
$650,000

2937 Warbler Way A, Bozeman, Montana 59718, Bozeman, Montana 59718

2937 Warbler Way A, Bozeman, Montana 59718, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
1,472Sqft
Located in Cattail Creek, this end unit condo has an open floor plan with 3 bedrooms, 2.5 baths and an attached 2 car garage. The backyard's covered patio and small fenced yard rounds out the property for enjoyable, easy living. Well located in close proximity to parks, shopping and dining.
$465,000

81 Creekbank Loop, Bozeman, Montana 59718, Bozeman, Montana 59718

81 Creekbank Loop, Bozeman, Montana 59718, Bozeman, Montana 59718

4Bedroom(s)
1Bathroom(s)
0.19Acre
2,510Sqft
Welcome to this beautifully designed new construction home in the sought-after Creekside neighborhood, located in the Monforton School District. Every detail of this spacious four-bedroom, three bathroom home was thoughtfully crafted to balance comfort, function, and style.
$1,195,000

5601 Sandpiper, Bozeman, Montana 59718, Bozeman, Montana 59718

5601 Sandpiper, Bozeman, Montana 59718, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.08Sqft
1,564Sqft
Brand-new town home in a terrific neighborhood close to MSU, Ferguson Farms' restaurants, Town & Country, Whole Foods, Ridge Athletic Club, schools, parks and more. The well-designed floor plan features the kitchen, dining, living room, and half bath on the first floor.
$526,000
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