November Bozeman & Surrounding Area Residential Inventory and Sales

Robyn Erlenbush
CRS, GRI, CRB, Broker Owner
Phone: (406) 586-1321
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ERA Landmark releases market statistic updates as well as email our Market Watch newsletter monthly. If you would like to receive our monthly Market Watch email, simply visit the home page (http://www.ERALandmark.com) and enter your name and email into the form or contact us. (info@eralandmark.com or 800-788-2372)

Inside Bozeman City Limits, residential inventory has continued to decrease by 25% compared to this time last year. Outside Bozeman to Manhattan/Three Forks sees very little change in the amount of active inventory with Belgrade showing a decrease of 11%. (see graph below)

Across Bozeman and Manhattan/Three Forks we continue to show an increase in sold units. The greatest increase for sales growth is in Manhattan/Three Forks with a total increase of 75% over last November. Bozeman reports an increase inside the city limits of 9% and outside city limits of 18%. The average sold price in Bozeman is $275,811 and a median sold price of $239,950. Belgrade is reporting a decrease in sales units of 1% with the average sold price $193,582 and median of $174,500; and Manhattan/Three Forks reports an average sales price of $213,568 and median of $180,000. (see graph below)

*Data collected from all members of Southwestern Montana MLS.

Feel free to contact us if you would like more specific information or a free comparative market analysis for your home.