Bozeman Real Estate Market Update

Wondering if now is a good time to sell a home in Bozeman? According to stats from the Gallatin Association of Realtors, it’s still a sellers market with little inventory. The answer is yes, now would be a great time to sell!

We saw an increase in closed sales, pending sales and median sale prices in July. Our inventory decreased in both single family homes and the condo/townhome markets compared to last year.

“Our market saw strong sales activity in July, while the inventory of available homes tightened even further,” said Claire Gillam, GAR Board President. “The numbers indicate that we are seeing a strong sellers’ market as we move through summer.”

Single Family Homes –  July 2020

The median sales price increased 5.8%, from $462,250 in July 2019 to $489,000 in July 2020. Closed sales increased by 21.4%, from 192 to 233, and pending sales jumped 73.3%, from 150 to 260. The inventory of available homes decreased 40.5% compared to last year, from 504 to 300, and the months supply of inventory decreased 40.5%, from 3.7 to 2.2. The number of new single-family listings increased 2.3% compared to July 2019, from 213 to 218. The average days on market increased 4.4%, from 45 to 47. Sellers received 99.2% of their list price last month, up slightly from 98.9% last year.

Condo/Townhomes  – July 2020

Closed sales increased 38.1%, from 84 to 116. Pending sales jumped 100%, from 81 to 162. Median sale prices in the condo/townhouse market increased 6.8%, from $323,000 to $345,000.  The inventory of available homes in the condo/townhouse market decreased 24.6% compared to last July, from 297 to 224, and the months supply of inventory decreased 40.9%, from 4.5 to 2.6. The number of new listings decreased 6.4%, from 110 to 103. The average days on market increased 4.5%, from 44 last year to 46 last month. Sellers received 98.8% of their listing price in July, a 0.7% decrease from last year.

source: GAR (Gallatin Association of Realtors)

Listings

$519,900 // Pending Sale 3924  Baxter Lane  4, Bozeman 3924 Baxter Lane 4
Bozeman, Montana
3 Beds | 4 Baths
$499,900 // Pending Sale 4300  Bozeman Trail Road, Bozeman 4300 Bozeman Trail Road
Bozeman, Montana
3 Beds | 2 Baths | 3 Acres
$225,000 // Pending Sale 609  Tillyfour Road, Bozeman 609 Tillyfour Road
Bozeman, Montana
0.52 Acres

Exceptional In All Phases

My wife and I used Jody Savage for the sale of our home in Gallatin Gateway, MT. Jody was exceptional in all phases of our sale. We had multiple offers over asking price and sold our home in two days! Jody uses up to date modern marketing, was extremely professional and knowledgeable regarding our market and addressing our needs. She was great to work with and very responsive to any questions we had. Jody is the best in the business and we highly recommend her services!

G & B

Knowledgeable, Trustworthy and Tireless

Jody Savage is knowledgeable, trustworthy and tireless. I purchased a property this spring (2017) near Bozeman; Jody represented me as well as the seller in the transaction. Jody led me through the entire process because this was the first property I had ever purchased. HOA complications and other details made the purchase more difficult. Jody undertook a boat-load of legwork to make the transaction go smoothly. I hope to work with Jody again.

J.D.

Recommend To Anyone

Jody was awesome to work with. We were new to the area and she was helpful and knowledgeable about not only the housing market, but schools, and lenders. She worked with my work schedule for showings. Jody also stayed late to write an offer to meet our schedule. I would recommend Jody to anyone needing a realtor.

M.L.

Jody Is Amazing

Jody is amazing. She knows the market and was able to advise us on all our many concerns. We so appreciated how responsive she was; within minutes of submitting an online request for realtor contact on a house, she had called us. All our communications with her were like that; we never had to wait long to hear back from her. She was patient and always willing to sit down and meet with us. When we found the house we wanted, she worked tirelessly to secure it for us, and she was extremely patient with us. She was easy to communicate with, understand, and a pleasure to work with – I highly recommend Jody!

J.T.

Jody Is Fantastic

Jody is FANTASTIC!! We were first time home buyers and she was with us ever step of the way! She never made us feel silly for being new to the process. She definitely knows the area, always kept us up to date on new listings and was just a delight to work with. I would have absolutely zero hesitation recommending her to anyone. Thanks for all the hard-work Jody! We love our house!

K.G.

Selling Machine

We chose to talk to Jody about representing us in selling our home for one primary reason… her website. I researched realtor websites in Bozeman and reached the conclusion that I liked hers the best – clean, simple to use, great photography, and the virtual tours really appealed to me.   When we met with her, it was obvious that she offered so much more than just a great website.  She was very knowledgeable of our specific area and homes that have sold and those currently on the market.  She had realistic ideas on pricing and great recommendations on staging our house. And everything was done so quickly… our house was on the market within 36 hours complete with photography and the virtual tour.

Shortly after it was listed, another realtor was showing the home next door.  He came over to ask a quick question, saw Jody’s sign out front, and said “I see you hired the selling machine”.  Well, I took that as confirmation that we had made the right choice… I have nothing but positives to report about how she handled negotiations and the advice that she gave us along the way.  She responds immediately (I like early risers).  I love her energy.  We were pleased with the outcome.  We highly recommend her.

S & D - 9/2019
406.209.8884