Bozeman Market Update - Median Sales Price Nearly Doubled
Posted by Marisa Owen on
I was shocked to see some of these numbers in a recent market update from March 2021 and I wanted to share this with you.
Check out the NEW Median Sales Price this past month, March 2021. We are now at $709,000!!!! This is unreal. In March of 2020, the Median Sales Price for a single family home was just under $500,000. The median sales price has ALMOST DOUBLED! You can see that we are at an incredible LOW supply of inventory at less than 1 month. With a drop of 76% of inventory from last year same time, we are in desperate need of homes to sell.
Even more staggering of numbers are the homes OUTSIDE of City Limits with an increase of 63% in median sales price ($893,000) over the last year for single family homes. Even higher…
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137 Stafford Ave, Bozeman offers 2 bedrooms, 2 bathrooms and an attached 2 car garage in the sought after Valley West Subdivision. This stunning contemporary home boasts a high level of craftsmanship in it's clean finishes, and was listed for $525,000.
I started working with these buyers in 2020. It took us about 9 months to finally land on a home after putting in multiple offers on homes throughout that time. They trusted the process and stuck with it. These buyers were a dream to work with and so happy they persevered our market.