Bozeman, MT home prices and housing market

In Bozeman, the typical asking price just crossed one million dollars, while the typical home is worth about seven hundred sixty-two thousand dollars. If you are thinking about selling, that gap is the whole story this month. The typical home value is up just 0.7 percent over the past year, which is basically flat. But sellers are not pricing flat. The median list price is now about one million eighteen thousand dollars, roughly a quarter million dollars above the typical value. And buyers are in no rush. Homes are sitting a median of 61 days before they sell. With 508 homes for sale right now and 124 new listings hitting the market this month, buyers have room to be picky. Here is the catch. Only about 15 percent of listings have cut their price, so most sellers have not adjusted, even while their homes sit. If you list this fall, price to the market, not to the million-dollar ask you see next door, because the homes that sit for two months are the ones that aimed high. To find out what your Bozeman home would actually sell for, get a free estimate at Home Value Pros dot com.