Wild Wild West - Buying in Bozeman Housing Boom

Posted by Marisa Owen on Wednesday, November 25th, 2020 at 11:36am.

During this pandemic, our market has done some wild things since March 2020. We (Bozeman) have been discovered big time. Check out this Bloomberg article and how our small town is rapidly changing with each sale that occurs. 

(Photo of Elk Grove subdivision by Townsend Collective)


A substantial increase of relocation buyers coupled with low housing inventory has generated high real estate prices and jumped rental prices as well. I'm catching updates from friends and family in San Francisco and New York with more and more companies permanently closing down their offices, permanently allowing their employees to go remote indefinitely, and creating the push for city folks to find solace in places like Bozeman.

(Photo of 100 Acre Park/Gallatin Regional Park by Townsend Collective)

The biggest question people are wondering is "Will our winter market continue to be the wild wild west and will the bidding wars continue?"
So what am I seeing? 

  • Bidding Wars on the first day a property hits the market 
  • Sight unseen offers more now than ever 
  • Above asking prices with 8-10% over
  • Waiving contingencies like appraisals and inspections
  • Cash offers are becoming more of the norm 
  • Interest rates continue to stay incredibly low 
  • And recently, a new downtown Bozeman single family home on 6,000 sq ft lot hit $650 a square foot {This is hitting CA market prices!!}

    So if you are buying (or selling), consider what your goals are? If you live in Bozeman, there is hope you can & will find your next home and can afford to do so (believe me it is possible, it just takes a little finessing and time). Do you want to know what your home is worth? Easy, just email or call me and I can get you a complimentary sales valuation within the day. Remember that if you have had your home re-financed and you received an appraisal, the bank's appraisal is not going to be the same MARKET VALUE of what your home is worth (it will be higher than the bank appraisal value). 
    At Tamara Williams and Company, we have developed strong strategies to win out these bidding wars (from 3 offers to 20 offers on listings). We know what other Agents are seeing in their offers and we can competitively use language and waiving of contingencies if our buyers are comfortable to do so to stand out amongst the rest. Our inventory continues to be VERY low so we will see how this winter market shakes out. 
    To get ahead in this market, please do not hesitate to ask me what do you need to do as a buyer to win. 

    Marisa Owen - Realtor
    Email; Marisa@BuyBozemanHomes.com
    Website; Marisa.BuyBozemanHomes.com

Just Listed in Bozeman

20 Properties Found. Page 1 of 1.
Photo of Listing #355550
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2771 Fen Way B, Bozeman

$419,000 - 3 Beds, 3 Baths, 1,359 Sf

MLS® # 355550

Photo of Listing #355569
New Listing

3713 Laduke, Bozeman

$425,000 - 2 Beds, 3 Baths, 1,726 Sf

MLS® # 355569

Photo of Listing #355467
New Listing

1995 Buckrake Avenue, Bozeman

$460,000 - 3 Beds, 3 Baths, 1,757 Sf

MLS® # 355467

Photo of Listing #355453
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514 E Lamme, Bozeman

$500,000 - 1 Bed, 1 Bath, 552 Sf

MLS® # 355453

Photo of Listing #355549
New Listing

150 Coulee Drive, Bozeman

$585,000 - 4 Beds, 3 Baths, 2,728 Sf

MLS® # 355549

Photo of Listing #355393
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41 Stewart Loop, Bozeman

$615,000 - 4 Beds, 2 Baths, 2,004 Sf

MLS® # 355393

Photo of Listing #351201
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39 Border Lane, Bozeman

$649,900 - 3 Beds, 3 Baths, 1,632 Sf

MLS® # 351201

Photo of Listing #355317
New Listing

515 Westgate Avenue, Bozeman

$749,900 - 3 Beds, 3 Baths, 2,454 Sf

MLS® # 355317

Photo of Listing #355321
New Listing

3531 Amaranth Court, Bozeman

$825,000 - 4 Beds, 3 Baths, 3,064 Sf

MLS® # 355321

Photo of Listing #355387
New Listing

34 Riverside Drive, Bozeman

$869,000 - 4 Beds, 4 Baths, 3,334 Sf

MLS® # 355387

Photo of Listing #355032
New Listing

4174 Moonstone Drive, Bozeman

$899,900 - 4 Beds, 3 Baths, 2,769 Sf

MLS® # 355032

Photo of Listing #355209
New Listing

1510 Windrow Lane, Bozeman

$949,900 - 5 Beds, 3 Baths, 3,027 Sf

MLS® # 355209

Photo of Listing #355196
New Listing

10241 Bridger Canyon Road, Bozeman

$975,000 - 2 Beds, 3 Baths, 3,132 Sf

MLS® # 355196

Photo of Listing #355402
New Listing

44 High Country Road, Bozeman

$979,000 - 4 Beds, 3 Baths, 3,423 Sf

MLS® # 355402

Photo of Listing #355518
New Listing

4105 Renova Lane, Bozeman

$1,100,000 - 4 Beds, 3 Baths, 2,769 Sf

MLS® # 355518

Photo of Listing #355192
New Listing

422 N 4th, Bozeman

$1,150,000 - 3 Beds, 3 Baths, 2,787 Sf

MLS® # 355192

Photo of Listing #355517
New Listing

Tbd Bullseye Place, Bozeman

$1,399,000 - 3 Beds, 4 Baths, 2,908 Sf

MLS® # 355517

Photo of Listing #355516
New Listing

Tbd Black Bull Trail (lot 260), Bozeman

$1,499,000 - 4 Beds, 5 Baths, 4,202 Sf

MLS® # 355516

Photo of Listing #355543
New Listing

114 Village Downtown Boulevard, Bozeman

$1,750,000 - 5 Beds, 4 Baths, 3,900 Sf

MLS® # 355543

Photo of Listing #351005
New Listing

719 N Wallace Avenue, Bozeman

$2,695,000 - 5 Beds, 5 Baths, 7,968 Sf

MLS® # 351005

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