The November housing numbers are in for Bozeman and Big Sky, and the story this month is a steady, balanced market with price shifts that matter for both buyers and sellers. Whether you’re planning a move in the next few months or simply keeping an eye on your home’s value, these trends offer helpful insight into what’s happening across our local market.
Bozeman Market Overview
Single-Family Homes
Bozeman’s median sales price for single-family homes came in at $875,000 for November, a 4% decrease from October. Homes are also taking longer to sell, with a median of 53 days on the market.
A slight price adjustment paired with longer market times often signals that buyers have more breathing room. Homes aren’t moving as quickly as they did earlier in the year, giving buyers more time to compare properties and negotiate.
Condos & Townhomes
The median sales price for condos and townhomes landed at $489,500, which is a notable month-over-month decrease of about 21%. These properties are spending around 61 days on the market.
For buyers, this softening creates opportunities—especially for those trying to enter the Bozeman market at a lower price point. For sellers, it’s a reminder that accurate pricing and strong presentation are essential.
Big Sky Market Overview
Condos & Townhomes
Big Sky condos and townhomes saw a 10% increase in median price, reaching $1.7 million for November. Median days on market remained steady at 52 days, showing that well-positioned properties are still attracting serious buyers even as the winter season approaches.
Single-Family Homes
Single-family properties in Big Sky posted a median sales price of $2.825 million, which reflects a 27% drop from October. Homes in this segment are taking longer to sell—about 97 days on average—which is normal for the luxury market where buyer timelines tend to be longer and more selective.
What These Trends Mean for Buyers
A balanced market benefits buyers in several ways:
-
More time to make decisions. Homes aren’t selling overnight, so you’re less likely to face rushed timelines.
-
More negotiation power. Longer days on market can translate into opportunities for price adjustments or concessions.
-
Greater choice. Inventory remains steady, and softened prices in some segments make certain neighborhoods or property types more attainable.
For broader context on buyer activity nationally, you can explore data from the National Association of Realtors.
What These Trends Mean for Sellers
Sellers can still find success in this market, but strategy matters:
-
Pricing needs to be aligned with today’s conditions. Buyers are highly value-focused right now.
-
Homes must show well. Strong presentation, staging, and marketing can significantly impact time on market.
-
Patience is key. Especially in luxury segments, three months on market isn’t unusual.
For bigger economic trends that influence real estate decisions—like housing supply and buyer demand—the U.S. Census Bureau’s housing data is a trusted resource.
The Overall Outlook for Bozeman & Big Sky
The market is steady, calm, and moving at a healthier pace than we saw during the past few years. Prices moved up in some areas and down in others, but there’s no sign of dramatic swings. Instead, the market is settling into a balanced rhythm where both buyers and sellers can make thoughtful, informed decisions.
And with mortgage rates beginning to stabilize—according to recent updates from Freddie Mac—many buyers are starting to re-enter the search process after sitting on the sidelines earlier this year.
Thinking About Your Next Move?
If you’re curious how these November trends align with your goals—whether you’re considering buying, selling, or investing—I’m here to help you understand your options.
You can also watch the full video breakdown here:
