BOZEMAN
MARKET WATCH AUGUST 2018 Real Estate Market Statistics: Bozeman City Limits, Bozeman Outside City Limits, Belgrade, Greater Manhattan, Greater Three Forks, Greater Big Sky, West Yellowstone, Livingston, Park County, Beaverhead County, Madison County, Jefferson County, Broadwater County, Sweet Grass County
Bozeman Brokerage
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Bozeman City Limits Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
71
71
0.0%
510
538
+ 5.5%
Pending Sales
51
59
+ 15.7%
413
431
+ 4.4%
Closed Sales
50
74
+ 48.0%
383
419
+ 9.4%
Days on Market Until Sale
50
34
- 32.0%
59
46
- 22.0%
Median Sales Price*
$394,430
$452,500
+ 14.7%
$379,000
$425,000
+ 12.1%
Average Sales Price*
$435,643
$512,213
+ 17.6%
$415,642
$471,445
+ 13.4%
98.9%
98.5%
- 0.4%
99.4%
99.2%
- 0.2%
Inventory of Homes for Sale
148
158
+ 6.8%
––
––
––
Months Supply of Inventory
3.2
3.2
0.0%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
34
58
+ 70.6%
411
357
- 13.1%
Pending Sales
32
41
+ 28.1%
337
320
- 5.0%
Closed Sales
49
44
- 10.2%
287
301
+ 4.9%
Days on Market Until Sale
51
20
- 60.8%
72
55
- 23.6%
Median Sales Price*
$285,000
$304,700
+ 6.9%
$272,000
$300,000
+ 10.3%
Average Sales Price*
$315,387
$313,530
- 0.6%
$313,874
$341,628
+ 8.8%
99.8%
99.3%
- 0.5%
99.8%
99.4%
- 0.4%
Inventory of Homes for Sale
97
102
+ 5.2%
––
––
––
Months Supply of Inventory
2.7
2.9
+ 7.4%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Bozeman City Limits
$450,000
Rolling 12-Month Calculation
Gallatin County Bozeman City Limits
$300,000
$400,000 $250,000 $350,000
$300,000
$200,000
$250,000 $150,000 $200,000
$150,000 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Bozeman Areas Outside City Limits Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
51
48
- 5.9%
447
424
- 5.1%
Pending Sales
37
40
+ 8.1%
298
294
- 1.3%
Closed Sales
46
43
- 6.5%
292
268
- 8.2%
Days on Market Until Sale
53
89
+ 67.9%
79
68
- 13.9%
Median Sales Price*
$485,500
$628,000
+ 29.4%
$449,950
$499,000
+ 10.9%
Average Sales Price*
$677,116
$775,995
+ 14.6%
$589,368
$660,444
+ 12.1%
97.6%
96.7%
- 0.9%
98.1%
98.0%
- 0.1%
Inventory of Homes for Sale
205
177
- 13.7%
––
––
––
Months Supply of Inventory
5.9
5.2
- 11.9%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
11
7
- 36.4%
58
62
+ 6.9%
Pending Sales
8
8
0.0%
48
56
+ 16.7%
Closed Sales
10
4
- 60.0%
34
51
+ 50.0%
Days on Market Until Sale
31
10
- 67.7%
51
18
- 64.7%
Median Sales Price*
$258,900
$308,925
+ 19.3%
$253,900
$283,900
+ 11.8%
Average Sales Price*
$255,135
$304,088
+ 19.2%
$264,385
$289,378
+ 9.5%
100.1%
100.0%
- 0.1%
99.4%
99.7%
+ 0.3%
Inventory of Homes for Sale
9
6
- 33.3%
––
––
––
Months Supply of Inventory
1.7
0.9
- 47.1%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo
Gallatin County Bozeman Areas Outside City Limits
$600,000
Rolling 12-Month Calculation
Gallatin County Bozeman Areas Outside City Limits
$400,000
$350,000 $500,000 $300,000 $400,000
$250,000
$200,000
$300,000
$150,000 $200,000 $100,000
$100,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Belgrade Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
61
41
- 32.8%
319
300
- 6.0%
Pending Sales
38
28
- 26.3%
263
233
- 11.4%
Closed Sales
34
35
+ 2.9%
238
229
- 3.8%
Days on Market Until Sale
15
23
+ 53.3%
41
37
- 9.8%
Median Sales Price*
$309,440
$315,000
+ 1.8%
$285,000
$315,900
+ 10.8%
Average Sales Price*
$305,895
$335,191
+ 9.6%
$324,158
$343,941
+ 6.1%
99.4%
99.0%
- 0.4%
99.1%
99.0%
- 0.1%
Inventory of Homes for Sale
76
87
+ 14.5%
––
––
––
Months Supply of Inventory
2.6
3.2
+ 23.1%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
12
14
+ 16.7%
68
102
+ 50.0%
Pending Sales
8
14
+ 75.0%
67
83
+ 23.9%
Closed Sales
7
12
+ 71.4%
58
66
+ 13.8%
Days on Market Until Sale
15
36
+ 140.0%
33
22
- 33.3%
Median Sales Price*
$220,000
$270,450
+ 22.9%
$184,250
$215,500
+ 17.0%
Average Sales Price*
$203,321
$251,608
+ 23.7%
$183,946
$223,118
+ 21.3%
100.1%
99.5%
- 0.6%
99.4%
99.7%
+ 0.3%
Inventory of Homes for Sale
4
23
+ 475.0%
––
––
––
Months Supply of Inventory
0.5
2.8
+ 460.0%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Belgrade
$450,000
Rolling 12-Month Calculation
Gallatin County Belgrade
$300,000
$400,000 $250,000 $350,000 $200,000
$300,000
$250,000
$150,000
$200,000 $100,000 $150,000
$100,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Greater Manhattan Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
7
8
+ 14.3%
58
67
+ 15.5%
Pending Sales
4
6
+ 50.0%
44
46
+ 4.5%
Closed Sales
5
5
0.0%
41
40
- 2.4%
181
33
- 81.8%
81
79
- 2.5%
Median Sales Price*
$260,000
$345,000
+ 32.7%
$302,000
$383,500
+ 27.0%
Average Sales Price*
$509,520
$357,916
- 29.8%
$379,727
$423,928
+ 11.6%
96.6%
96.8%
+ 0.2%
98.1%
97.9%
- 0.2%
Inventory of Homes for Sale
23
34
+ 47.8%
––
––
––
Months Supply of Inventory
4.4
6.6
+ 50.0%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
1
0
- 100.0%
9
7
- 22.2%
Pending Sales
0
1
––
7
7
0.0%
Closed Sales
0
2
––
5
6
+ 20.0%
Days on Market Until Sale
––
9
––
9
9
0.0%
Median Sales Price*
––
$206,000
––
$147,500
$206,000
+ 39.7%
Average Sales Price*
––
$206,000
––
$159,300
$203,167
+ 27.5%
Percent of List Price Received*
––
97.3%
––
98.8%
98.8%
0.0%
Inventory of Homes for Sale
2
0
- 100.0%
––
––
––
Months Supply of Inventory
1.4
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Greater Manhattan
$450,000
Rolling 12-Month Calculation
Gallatin County Greater Manhattan
$300,000
$400,000
$250,000
$350,000 $200,000 $300,000 $150,000 $250,000 $100,000 $200,000 $50,000
$150,000
$100,000 1-2003
$0 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Greater Three Forks Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
5
10
+ 100.0%
51
67
+ 31.4%
Pending Sales
6
5
- 16.7%
29
44
+ 51.7%
Closed Sales
7
7
0.0%
24
39
+ 62.5%
Days on Market Until Sale
20
25
+ 25.0%
69
42
- 39.1%
Median Sales Price*
$260,000
$250,000
- 3.8%
$248,750
$250,000
+ 0.5%
Average Sales Price*
$269,652
$259,871
- 3.6%
$248,882
$245,997
- 1.2%
97.5%
97.9%
+ 0.4%
96.9%
98.7%
+ 1.9%
Inventory of Homes for Sale
21
27
+ 28.6%
––
––
––
Months Supply of Inventory
6.0
5.9
- 1.7%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
0
0
––
0
1
––
Pending Sales
0
0
––
1
3
+ 200.0%
Closed Sales
0
0
––
2
5
+ 150.0%
Days on Market Until Sale
––
––
––
154
302
+ 96.1%
Median Sales Price*
––
––
––
$238,368
$215,000
- 9.8%
Average Sales Price*
––
––
––
$238,368
$215,000
- 9.8%
Percent of List Price Received*
––
––
––
101.4%
100.0%
- 1.4%
Inventory of Homes for Sale
7
0
- 100.0%
––
––
––
Months Supply of Inventory
7.0
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Greater Three Forks
$500,000
Rolling 12-Month Calculation
Gallatin County Greater Three Forks
$300,000
$400,000 $250,000
$300,000 $200,000 $200,000
$150,000 $100,000
$0 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Greater Big Sky Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
5
9
+ 80.0%
86
86
0.0%
Pending Sales
6
11
+ 83.3%
58
79
+ 36.2%
Closed Sales
11
10
- 9.1%
47
60
+ 27.7%
Days on Market Until Sale
177
94
- 46.9%
236
136
- 42.4%
Median Sales Price*
$1,097,500
$1,549,500
+ 41.2%
$1,237,500
$1,518,000
+ 22.7%
Average Sales Price*
$1,076,700
$1,890,650
+ 75.6%
$1,401,832
$1,687,035
+ 20.3%
93.7%
97.3%
+ 3.8%
94.5%
96.7%
+ 2.3%
Inventory of Homes for Sale
81
56
- 30.9%
––
––
––
Months Supply of Inventory
11.9
6.8
- 42.9%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
16
6
- 62.5%
140
109
- 22.1%
Pending Sales
20
12
- 40.0%
129
134
+ 3.9%
Closed Sales
16
19
+ 18.8%
113
127
+ 12.4%
Days on Market Until Sale
115
90
- 21.7%
143
112
- 21.7%
Median Sales Price*
$352,500
$409,000
+ 16.0%
$365,000
$405,000
+ 11.0%
Average Sales Price*
$450,602
$441,368
- 2.0%
$459,378
$514,767
+ 12.1%
94.5%
96.0%
+ 1.6%
96.3%
96.4%
+ 0.1%
Inventory of Homes for Sale
102
69
- 32.4%
––
––
––
Months Supply of Inventory
6.8
4.7
- 30.9%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Greater Big Sky
$2,000,000
Rolling 12-Month Calculation
Gallatin County Greater Big Sky
$600,000
$500,000 $1,500,000 $400,000
$1,000,000
$300,000
$200,000 $500,000 $100,000
$0 1-2003
$0 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
West Yellowstone Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
4
5
+ 25.0%
40
21
- 47.5%
Pending Sales
3
4
+ 33.3%
22
24
+ 9.1%
Closed Sales
5
5
0.0%
17
19
+ 11.8%
Days on Market Until Sale
27
257
+ 851.9%
152
259
+ 70.4%
Median Sales Price*
$250,000
$457,500
+ 83.0%
$335,000
$375,000
+ 11.9%
Average Sales Price*
$371,900
$590,500
+ 58.8%
$403,941
$401,184
- 0.7%
97.6%
95.0%
- 2.7%
95.2%
96.2%
+ 1.1%
Inventory of Homes for Sale
32
11
- 65.6%
––
––
––
Months Supply of Inventory
11.4
3.3
- 71.1%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
2
1
- 50.0%
8
1
- 87.5%
Pending Sales
0
0
––
4
0
- 100.0%
Closed Sales
1
0
- 100.0%
4
3
- 25.0%
Days on Market Until Sale
4
––
––
22
126
+ 472.7%
Median Sales Price*
$91,000
––
––
$148,250
$275,000
+ 85.5%
Average Sales Price*
$91,000
––
––
$146,100
$213,833
+ 46.4%
Percent of List Price Received*
101.2%
––
––
99.7%
87.8%
- 11.9%
Inventory of Homes for Sale
4
1
- 75.0%
––
––
––
Months Supply of Inventory
4.0
0.4
- 90.0%
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County West Yellowstone
$450,000
Rolling 12-Month Calculation
Gallatin County West Yellowstone
$300,000
$400,000 $250,000 $350,000 $200,000
$300,000
$250,000
$150,000
$200,000 $100,000 $150,000
$100,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Livingston City Limits Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
21
10
- 52.4%
123
122
- 0.8%
Pending Sales
14
14
0.0%
123
97
- 21.1%
Closed Sales
21
15
- 28.6%
108
94
- 13.0%
Days on Market Until Sale
30
40
+ 33.3%
55
53
- 3.6%
Median Sales Price*
$179,000
$270,000
+ 50.8%
$221,000
$270,000
+ 22.2%
Average Sales Price*
$205,729
$286,077
+ 39.1%
$227,490
$278,272
+ 22.3%
97.9%
98.3%
+ 0.4%
97.3%
97.7%
+ 0.4%
Inventory of Homes for Sale
28
36
+ 28.6%
––
––
––
Months Supply of Inventory
2.2
3.3
+ 50.0%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
5
2
- 60.0%
21
30
+ 42.9%
Pending Sales
3
0
- 100.0%
15
25
+ 66.7%
Closed Sales
2
3
+ 50.0%
10
22
+ 120.0%
Days on Market Until Sale
18
30
+ 66.7%
28
52
+ 85.7%
Median Sales Price*
$137,950
$261,000
+ 89.2%
$142,450
$217,500
+ 52.7%
Average Sales Price*
$137,950
$256,333
+ 85.8%
$152,379
$206,377
+ 35.4%
98.6%
95.8%
- 2.8%
95.6%
97.8%
+ 2.3%
Inventory of Homes for Sale
7
11
+ 57.1%
––
––
––
Months Supply of Inventory
3.1
2.5
- 19.4%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo Gallatin County Livingston City Limits
Rolling 12-Month Calculation
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000
$100,000
$0 1-2003
Gallatin County Livingston City Limits
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Gallatin County Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
202
189
- 6.4%
1,493
1,491
- 0.1%
Pending Sales
144
153
+ 6.3%
1,119
1,145
+ 2.3%
Closed Sales
157
179
+ 14.0%
1,035
1,069
+ 3.3%
Days on Market Until Sale
55
54
- 1.8%
71
58
- 18.3%
Median Sales Price*
$381,011
$430,000
+ 12.9%
$370,000
$410,000
+ 10.8%
Average Sales Price*
$513,664
$605,983
+ 18.0%
$480,579
$545,259
+ 13.5%
98.1%
97.9%
- 0.2%
98.6%
98.6%
0.0%
Inventory of Homes for Sale
573
539
- 5.9%
––
––
––
Months Supply of Inventory
4.6
4.1
- 10.9%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
76
86
+ 13.2%
694
639
- 7.9%
Pending Sales
68
76
+ 11.8%
593
603
+ 1.7%
Closed Sales
83
81
- 2.4%
503
559
+ 11.1%
Days on Market Until Sale
56
38
- 32.1%
81
63
- 22.2%
Median Sales Price*
$271,000
$295,500
+ 9.0%
$260,000
$291,025
+ 11.9%
Average Sales Price*
$322,038
$331,222
+ 2.9%
$325,064
$358,900
+ 10.4%
98.9%
98.5%
- 0.4%
98.9%
98.7%
- 0.2%
Inventory of Homes for Sale
225
201
- 10.7%
––
––
––
Months Supply of Inventory
3.4
3.0
- 11.8%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County
$450,000
Rolling 12-Month Calculation
Gallatin County
$300,000
$400,000 $250,000 $350,000
$300,000
$200,000
$250,000 $150,000 $200,000
$150,000 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Park County Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
28
14
- 50.0%
202
176
- 12.9%
Pending Sales
20
22
+ 10.0%
172
134
- 22.1%
Closed Sales
28
21
- 25.0%
155
128
- 17.4%
Days on Market Until Sale
35
50
+ 42.9%
75
78
+ 4.0%
Median Sales Price*
$197,500
$281,000
+ 42.3%
$261,500
$286,425
+ 9.5%
Average Sales Price*
$262,261
$381,409
+ 45.4%
$298,601
$330,981
+ 10.8%
97.8%
97.5%
- 0.3%
96.8%
97.0%
+ 0.2%
Inventory of Homes for Sale
80
72
- 10.0%
––
––
––
Months Supply of Inventory
4.2
4.7
+ 11.9%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
5
2
- 60.0%
24
31
+ 29.2%
Pending Sales
3
0
- 100.0%
15
25
+ 66.7%
Closed Sales
2
3
+ 50.0%
10
22
+ 120.0%
Days on Market Until Sale
18
30
+ 66.7%
28
52
+ 85.7%
Median Sales Price*
$137,950
$261,000
+ 89.2%
$142,450
$217,500
+ 52.7%
Average Sales Price*
$137,950
$256,333
+ 85.8%
$152,379
$206,377
+ 35.4%
98.6%
95.8%
- 2.8%
95.6%
97.8%
+ 2.3%
Inventory of Homes for Sale
10
12
+ 20.0%
––
––
––
Months Supply of Inventory
4.4
2.7
- 38.6%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Park County
Rolling 12-Month Calculation
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000
$100,000
$0 1-2003
Gallatin County Park County
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Beaverhead County Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
16
8
- 50.0%
104
116
+ 11.5%
Pending Sales
11
10
- 9.1%
68
78
+ 14.7%
Closed Sales
16
15
- 6.3%
64
66
+ 3.1%
Days on Market Until Sale
47
36
- 23.4%
96
81
- 15.6%
Median Sales Price*
$174,250
$176,000
+ 1.0%
$175,000
$187,500
+ 7.1%
Average Sales Price*
$185,388
$192,073
+ 3.6%
$201,691
$221,814
+ 10.0%
93.3%
97.3%
+ 4.3%
94.1%
96.1%
+ 2.1%
Inventory of Homes for Sale
57
60
+ 5.3%
––
––
––
Months Supply of Inventory
7.4
7.6
+ 2.7%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
2
0
- 100.0%
4
1
- 75.0%
Pending Sales
0
0
––
2
2
0.0%
Closed Sales
0
0
––
2
2
0.0%
Days on Market Until Sale
––
––
––
43
111
+ 158.1%
Median Sales Price*
––
––
––
$139,000
$158,000
+ 13.7%
Average Sales Price*
––
––
––
$139,000
$158,000
+ 13.7%
Percent of List Price Received*
––
––
––
99.0%
98.2%
- 0.8%
Inventory of Homes for Sale
2
0
- 100.0%
––
––
––
Months Supply of Inventory
2.0
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Beaverhead County
Rolling 12-Month Calculation
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000
$100,000
$0 1-2003
Gallatin County Beaverhead County
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Madison County Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
17
12
- 29.4%
145
163
+ 12.4%
Pending Sales
9
17
+ 88.9%
73
83
+ 13.7%
Closed Sales
12
8
- 33.3%
64
76
+ 18.8%
Days on Market Until Sale
199
142
- 28.6%
165
112
- 32.1%
Median Sales Price*
$244,500
$472,500
+ 93.3%
$241,750
$302,250
+ 25.0%
Average Sales Price*
$283,792
$472,750
+ 66.6%
$285,264
$358,434
+ 25.6%
96.6%
94.3%
- 2.4%
95.4%
96.6%
+ 1.3%
Inventory of Homes for Sale
138
131
- 5.1%
––
––
––
Months Supply of Inventory
16.7
12.8
- 23.4%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
0
0
––
8
2
- 75.0%
Pending Sales
1
0
- 100.0%
4
1
- 75.0%
Closed Sales
1
1
0.0%
3
1
- 66.7%
Days on Market Until Sale
41
49
+ 19.5%
91
49
- 46.2%
Median Sales Price*
$173,700
$192,300
+ 10.7%
$173,700
$192,300
+ 10.7%
Average Sales Price*
$173,700
$192,300
+ 10.7%
$190,400
$192,300
+ 1.0%
96.6%
96.6%
0.0%
95.1%
96.6%
+ 1.6%
Inventory of Homes for Sale
4
0
- 100.0%
––
––
––
Months Supply of Inventory
4.0
––
––
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Madison County
Rolling 12-Month Calculation
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000
$100,000
$0 1-2003
Gallatin County Madison County
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Jefferson County Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
11
4
- 63.6%
47
44
- 6.4%
Pending Sales
5
2
- 60.0%
27
26
- 3.7%
Closed Sales
3
2
- 33.3%
24
26
+ 8.3%
106
45
- 57.5%
177
102
- 42.4%
Median Sales Price*
$176,000
$215,450
+ 22.4%
$189,000
$275,000
+ 45.5%
Average Sales Price*
$232,000
$215,450
- 7.1%
$241,850
$284,662
+ 17.7%
93.4%
97.5%
+ 4.4%
94.8%
97.6%
+ 3.0%
Inventory of Homes for Sale
32
25
- 21.9%
––
––
––
Months Supply of Inventory
9.5
7.2
- 24.2%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
0
0
––
0
0
––
Pending Sales
0
0
––
0
0
––
Closed Sales
0
0
––
0
0
––
Days on Market Until Sale
––
––
––
––
––
––
Median Sales Price*
––
––
––
––
––
––
Average Sales Price*
––
––
––
––
––
––
Percent of List Price Received*
––
––
––
––
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Jefferson County
$500,000
Rolling 12-Month Calculation
Gallatin County Jefferson County
$300,000
$400,000 $250,000
$300,000 $200,000 $200,000
$150,000 $100,000
$0 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Broadwater County Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
6
13
+ 116.7%
55
64
+ 16.4%
Pending Sales
2
6
+ 200.0%
35
32
- 8.6%
Closed Sales
5
3
- 40.0%
32
24
- 25.0%
Days on Market Until Sale
98
95
- 3.1%
107
80
- 25.2%
Median Sales Price*
$275,000
$310,000
+ 12.7%
$261,500
$269,500
+ 3.1%
Average Sales Price*
$313,500
$271,667
- 13.3%
$272,306
$246,763
- 9.4%
97.5%
95.9%
- 1.6%
98.0%
95.7%
- 2.3%
Inventory of Homes for Sale
20
32
+ 60.0%
––
––
––
Months Supply of Inventory
6.0
8.3
+ 38.3%
––
––
––
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
0
0
––
0
0
––
Pending Sales
0
0
––
0
0
––
Closed Sales
0
0
––
0
0
––
Days on Market Until Sale
––
––
––
––
––
––
Median Sales Price*
––
––
––
––
––
––
Average Sales Price*
––
––
––
––
––
––
Percent of List Price Received*
––
––
––
––
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Broadwater County
$500,000
Rolling 12-Month Calculation
Gallatin County Broadwater County
$300,000
$400,000 $250,000
$300,000 $200,000 $200,000
$150,000 $100,000
$0 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – August 2018 This is a research tool provided by the Big Sky Country MLS
Sweet Grass County Single Family
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
5
6
+ 20.0%
48
46
- 4.2%
Pending Sales
5
4
- 20.0%
27
24
- 11.1%
Closed Sales
2
7
+ 250.0%
19
22
+ 15.8%
158
50
- 68.4%
150
81
- 46.0%
Median Sales Price*
$213,500
$343,000
+ 60.7%
$168,000
$199,500
+ 18.8%
Average Sales Price*
$213,500
$315,286
+ 47.7%
$195,824
$235,398
+ 20.2%
95.1%
97.1%
+ 2.1%
93.7%
96.4%
+ 2.9%
Inventory of Homes for Sale
37
27
- 27.0%
––
––
––
Months Supply of Inventory
12.3
9.0
- 26.8%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
August
Year to Date
Key Metrics
2017
2018
% Change
Thru 8-2017
Thru 8-2018
% Change
New Listings
0
0
––
2
0
- 100.0%
Pending Sales
1
0
- 100.0%
2
0
- 100.0%
Closed Sales
0
0
––
2
0
- 100.0%
Days on Market Until Sale
––
––
––
53
––
––
Median Sales Price*
––
––
––
$104,750
––
––
Average Sales Price*
––
––
––
$104,750
––
––
Percent of List Price Received*
––
––
––
96.0%
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Sweet Grass County
$600,000
Rolling 12-Month Calculation
Gallatin County Sweet Grass County
$300,000
$500,000
$250,000
$400,000 $200,000 $300,000 $150,000 $200,000 $100,000
$100,000
$0 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of September 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.