BOZEMAN
MARKET WATCH MAY 2018 Real Estate Market Statistics: Bozeman City Limits, Bozeman Outside City Limits, Belgrade, Greater Manhattan, Greater Three Forks, Greater Big Sky, West Yellowstone, Livingston, Gallatin County, Park County, Beaverhead County, Madison County, Jefferson County, Broadwater County, Sweet Grass County
Bozeman Brokerage
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Bozeman City Limits Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
73
76
+ 4.1%
303
295
- 2.6%
Pending Sales
62
57
- 8.1%
260
263
+ 1.2%
Closed Sales
62
64
+ 3.2%
196
229
+ 16.8%
Days on Market Until Sale
40
35
- 12.5%
65
53
- 18.5%
Median Sales Price*
$380,362
$405,000
+ 6.5%
$375,000
$418,760
+ 11.7%
Average Sales Price*
$412,326
$424,305
+ 2.9%
$411,966
$451,338
+ 9.6%
99.4%
100.1%
+ 0.7%
99.6%
99.5%
- 0.1%
Inventory of Homes for Sale
118
109
- 7.6%
––
––
––
Months Supply of Inventory
2.5
2.3
- 8.0%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
64
46
- 28.1%
247
199
- 19.4%
Pending Sales
52
46
- 11.5%
211
204
- 3.3%
Closed Sales
44
40
- 9.1%
153
157
+ 2.6%
Days on Market Until Sale
14
52
+ 271.4%
93
66
- 29.0%
Median Sales Price*
$255,000
$302,500
+ 18.6%
$274,000
$299,900
+ 9.5%
Average Sales Price*
$266,240
$340,108
+ 27.7%
$314,637
$352,079
+ 11.9%
99.7%
99.2%
- 0.5%
99.6%
99.5%
- 0.1%
Inventory of Homes for Sale
76
74
- 2.6%
––
––
––
Months Supply of Inventory
2.1
2.1
0.0%
––
––
––
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 Rolling 12-Month Calculation
Median Sales Price - Condo 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Bozeman Areas Outside City Limits Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
70
70
0.0%
260
249
- 4.2%
Pending Sales
41
41
0.0%
188
191
+ 1.6%
Closed Sales
35
43
+ 22.9%
149
148
- 0.7%
Days on Market Until Sale
78
63
- 19.2%
98
72
- 26.5%
Median Sales Price*
$437,944
$492,900
+ 12.5%
$420,000
$490,200
+ 16.7%
Average Sales Price*
$543,122
$629,405
+ 15.9%
$572,885
$654,650
+ 14.3%
97.8%
98.9%
+ 1.1%
97.4%
98.3%
+ 0.9%
Inventory of Homes for Sale
170
144
- 15.3%
––
––
––
Months Supply of Inventory
4.5
4.2
- 6.7%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
5
10
+ 100.0%
32
35
+ 9.4%
Pending Sales
7
8
+ 14.3%
25
32
+ 28.0%
Closed Sales
2
9
+ 350.0%
13
29
+ 123.1%
Days on Market Until Sale
3
9
+ 200.0%
74
21
- 71.6%
Median Sales Price*
$249,950
$280,000
+ 12.0%
$247,900
$279,900
+ 12.9%
Average Sales Price*
$249,950
$294,971
+ 18.0%
$277,535
$284,137
+ 2.4%
100.6%
99.0%
- 1.6%
98.1%
99.9%
+ 1.8%
Inventory of Homes for Sale
7
6
- 14.3%
––
––
––
Months Supply of Inventory
1.4
1.0
- 28.6%
––
––
––
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 Rolling 12-Month Calculation
Median Sales Price - Condo
Gallatin County Bozeman Areas Outside City Limits
Rolling 12-Month Calculation
$500,000
$400,000
$450,000
$350,000
$400,000
$300,000
$350,000
$250,000
$300,000
$200,000
$250,000
$150,000
$200,000
$100,000
$150,000 1-2003
Gallatin County Bozeman Areas Outside 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Belgrade Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
49
52
+ 6.1%
170
171
+ 0.6%
Pending Sales
37
41
+ 10.8%
164
153
- 6.7%
Closed Sales
26
33
+ 26.9%
122
120
- 1.6%
Days on Market Until Sale
34
49
+ 44.1%
55
43
- 21.8%
Median Sales Price*
$279,400
$332,500
+ 19.0%
$275,000
$299,200
+ 8.8%
Average Sales Price*
$308,140
$347,724
+ 12.8%
$301,057
$330,960
+ 9.9%
100.0%
97.8%
- 2.2%
98.9%
98.6%
- 0.3%
Inventory of Homes for Sale
37
48
+ 29.7%
––
––
––
Months Supply of Inventory
1.3
1.7
+ 30.8%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
10
19
+ 90.0%
41
58
+ 41.5%
Pending Sales
8
16
+ 100.0%
37
49
+ 32.4%
Closed Sales
6
8
+ 33.3%
24
29
+ 20.8%
Days on Market Until Sale
41
6
- 85.4%
32
24
- 25.0%
Median Sales Price*
$165,500
$168,250
+ 1.7%
$170,000
$210,000
+ 23.5%
Average Sales Price*
$178,583
$173,863
- 2.6%
$178,150
$213,362
+ 19.8%
98.3%
101.6%
+ 3.4%
99.4%
100.1%
+ 0.7%
Inventory of Homes for Sale
10
17
+ 70.0%
––
––
––
Months Supply of Inventory
1.4
2.1
+ 50.0%
––
––
––
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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Greater Manhattan Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
4
13
+ 225.0%
34
39
+ 14.7%
Pending Sales
6
5
- 16.7%
29
31
+ 6.9%
Closed Sales
11
3
- 72.7%
24
25
+ 4.2%
Days on Market Until Sale
72
63
- 12.5%
64
95
+ 48.4%
Median Sales Price*
$302,000
$400,000
+ 32.5%
$304,500
$387,000
+ 27.1%
Average Sales Price*
$365,398
$394,467
+ 8.0%
$370,724
$462,022
+ 24.6%
99.6%
98.8%
- 0.8%
98.5%
98.8%
+ 0.3%
Inventory of Homes for Sale
19
26
+ 36.8%
––
––
––
Months Supply of Inventory
3.4
5.0
+ 47.1%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
0
1
––
4
4
0.0%
Pending Sales
0
1
––
4
4
0.0%
Closed Sales
0
1
––
1
1
0.0%
Days on Market Until Sale
––
2
––
14
2
- 85.7%
Median Sales Price*
––
$220,000
––
$147,500
$220,000
+ 49.2%
Average Sales Price*
––
$220,000
––
$147,500
$220,000
+ 49.2%
Percent of List Price Received*
––
100.0%
––
92.8%
100.0%
+ 7.8%
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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Greater Three Forks Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
10
7
- 30.0%
26
36
+ 38.5%
Pending Sales
3
9
+ 200.0%
12
28
+ 133.3%
Closed Sales
3
1
- 66.7%
9
11
+ 22.2%
108
13
- 88.0%
132
65
- 50.8%
Median Sales Price*
$227,600
$297,000
+ 30.5%
$211,000
$257,000
+ 21.8%
Average Sales Price*
$231,367
$297,000
+ 28.4%
$202,922
$247,482
+ 22.0%
92.6%
99.3%
+ 7.2%
95.9%
98.2%
+ 2.4%
Inventory of Homes for Sale
18
18
0.0%
––
––
––
Months Supply of Inventory
5.6
3.8
- 32.1%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
0
0
––
0
1
––
Pending Sales
0
0
––
0
3
––
Closed Sales
0
0
––
0
5
––
Days on Market Until Sale
––
––
––
––
302
––
Median Sales Price*
––
––
––
––
$215,000
––
Average Sales Price*
––
––
––
––
$215,000
––
Percent of List Price Received*
––
––
––
––
100.0%
––
Inventory of Homes for Sale
9
0
- 100.0%
––
––
––
Months Supply of Inventory
9.0
––
––
––
––
––
* 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 Rolling 12-Month Calculation
Median Sales Price - Condo 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Greater Big Sky Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
11
13
+ 18.2%
41
50
+ 22.0%
Pending Sales
5
1
- 80.0%
30
46
+ 53.3%
Closed Sales
4
7
+ 75.0%
22
34
+ 54.5%
232
98
- 57.8%
184
144
- 21.7%
Median Sales Price*
$1,062,500
$1,675,000
+ 57.6%
$1,067,500
$1,566,000
+ 46.7%
Average Sales Price*
$1,113,750
$1,668,286
+ 49.8%
$1,404,677
$1,795,965
+ 27.9%
95.2%
96.1%
+ 0.9%
95.1%
97.0%
+ 2.0%
Inventory of Homes for Sale
79
61
- 22.8%
––
––
––
Months Supply of Inventory
12.1
7.8
- 35.5%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
23
10
- 56.5%
88
73
- 17.0%
Pending Sales
6
14
+ 133.3%
79
88
+ 11.4%
Closed Sales
19
25
+ 31.6%
70
87
+ 24.3%
Days on Market Until Sale
142
80
- 43.7%
160
110
- 31.3%
Median Sales Price*
$278,000
$405,000
+ 45.7%
$356,950
$399,000
+ 11.8%
Average Sales Price*
$339,384
$500,912
+ 47.6%
$438,854
$491,136
+ 11.9%
95.8%
96.8%
+ 1.0%
96.4%
96.7%
+ 0.3%
Inventory of Homes for Sale
112
86
- 23.2%
––
––
––
Months Supply of Inventory
7.3
5.7
- 21.9%
––
––
––
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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
West Yellowstone Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
5
0
- 100.0%
17
6
- 64.7%
Pending Sales
2
2
0.0%
11
12
+ 9.1%
Closed Sales
1
3
+ 200.0%
5
9
+ 80.0%
162
146
- 9.9%
208
143
- 31.3%
Median Sales Price*
$382,000
$360,000
- 5.8%
$382,000
$309,000
- 19.1%
Average Sales Price*
$382,000
$346,833
- 9.2%
$430,100
$302,556
- 29.7%
95.7%
95.7%
0.0%
96.1%
96.1%
0.0%
Inventory of Homes for Sale
28
13
- 53.6%
––
––
––
Months Supply of Inventory
11.2
4.1
- 63.4%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
4
0
- 100.0%
5
0
- 100.0%
Pending Sales
1
0
- 100.0%
2
0
- 100.0%
Closed Sales
1
0
- 100.0%
2
3
+ 50.0%
Days on Market Until Sale
58
––
––
37
126
+ 240.5%
Median Sales Price*
$195,000
––
––
$195,950
$275,000
+ 40.3%
Average Sales Price*
$195,000
––
––
$195,950
$213,833
+ 9.1%
95.1%
––
––
97.0%
87.8%
- 9.5%
Inventory of Homes for Sale
3
0
- 100.0%
––
––
––
Months Supply of Inventory
3.0
––
––
––
––
––
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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Livingston City Limits Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
14
28
+ 100.0%
68
72
+ 5.9%
Pending Sales
17
18
+ 5.9%
76
58
- 23.7%
Closed Sales
14
12
- 14.3%
53
48
- 9.4%
Days on Market Until Sale
49
86
+ 75.5%
70
56
- 20.0%
Median Sales Price*
$220,000
$302,000
+ 37.3%
$220,000
$265,000
+ 20.5%
Average Sales Price*
$213,779
$294,845
+ 37.9%
$224,584
$274,572
+ 22.3%
97.4%
99.0%
+ 1.6%
96.8%
97.4%
+ 0.6%
Inventory of Homes for Sale
24
33
+ 37.5%
––
––
––
Months Supply of Inventory
2.0
2.8
+ 40.0%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
3
8
+ 166.7%
9
18
+ 100.0%
Pending Sales
3
6
+ 100.0%
6
19
+ 216.7%
Closed Sales
0
4
––
2
13
+ 550.0%
Days on Market Until Sale
––
56
––
45
43
- 4.4%
Median Sales Price*
––
$177,000
––
$236,500
$218,000
- 7.8%
Average Sales Price*
––
$184,100
––
$236,500
$207,485
- 12.3%
Percent of List Price Received*
––
99.4%
––
94.8%
97.8%
+ 3.2%
Inventory of Homes for Sale
4
6
+ 50.0%
––
––
––
Months Supply of Inventory
2.2
1.4
- 36.4%
––
––
––
* 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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Gallatin County Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
222
228
+ 2.7%
839
839
0.0%
Pending Sales
155
155
0.0%
688
719
+ 4.5%
Closed Sales
140
153
+ 9.3%
522
572
+ 9.6%
Days on Market Until Sale
56
51
- 8.9%
79
63
- 20.3%
Median Sales Price*
$373,000
$407,000
+ 9.1%
$363,200
$407,000
+ 12.1%
Average Sales Price*
$434,226
$519,475
+ 19.6%
$466,228
$546,786
+ 17.3%
98.8%
99.0%
+ 0.2%
98.5%
98.8%
+ 0.3%
Inventory of Homes for Sale
457
410
- 10.3%
––
––
––
Months Supply of Inventory
3.6
3.1
- 13.9%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
106
86
- 18.9%
417
370
- 11.3%
Pending Sales
74
85
+ 14.9%
358
380
+ 6.1%
Closed Sales
72
83
+ 15.3%
263
311
+ 18.3%
Days on Market Until Sale
51
51
0.0%
103
74
- 28.2%
Median Sales Price*
$251,000
$293,900
+ 17.1%
$270,000
$291,025
+ 7.8%
Average Sales Price*
$276,795
$366,178
+ 32.3%
$331,871
$367,747
+ 10.8%
98.5%
98.7%
+ 0.2%
98.6%
98.7%
+ 0.1%
Inventory of Homes for Sale
217
183
- 15.7%
––
––
––
Months Supply of Inventory
3.4
2.7
- 20.6%
––
––
––
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
$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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Park County Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
24
38
+ 58.3%
115
104
- 9.6%
Pending Sales
20
22
+ 10.0%
102
78
- 23.5%
Closed Sales
22
17
- 22.7%
81
67
- 17.3%
Days on Market Until Sale
67
100
+ 49.3%
89
93
+ 4.5%
Median Sales Price*
$227,500
$305,000
+ 34.1%
$239,500
$299,000
+ 24.8%
Average Sales Price*
$288,155
$353,626
+ 22.7%
$283,934
$333,537
+ 17.5%
96.2%
97.7%
+ 1.6%
96.0%
96.2%
+ 0.2%
Inventory of Homes for Sale
74
67
- 9.5%
––
––
––
Months Supply of Inventory
4.4
4.0
- 9.1%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
4
8
+ 100.0%
12
19
+ 58.3%
Pending Sales
3
6
+ 100.0%
6
19
+ 216.7%
Closed Sales
0
4
––
2
13
+ 550.0%
Days on Market Until Sale
––
56
––
45
43
- 4.4%
Median Sales Price*
––
$177,000
––
$236,500
$218,000
- 7.8%
Average Sales Price*
––
$184,100
––
$236,500
$207,485
- 12.3%
Percent of List Price Received*
––
99.4%
––
94.8%
97.8%
+ 3.2%
Inventory of Homes for Sale
7
7
0.0%
––
––
––
Months Supply of Inventory
3.8
1.6
- 57.9%
––
––
––
* 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Beaverhead County Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
10
12
+ 20.0%
43
58
+ 34.9%
Pending Sales
8
14
+ 75.0%
35
41
+ 17.1%
Closed Sales
10
11
+ 10.0%
34
24
- 29.4%
Days on Market Until Sale
81
128
+ 58.0%
121
110
- 9.1%
Median Sales Price*
$215,000
$185,000
- 14.0%
$172,500
$177,250
+ 2.8%
Average Sales Price*
$255,400
$197,045
- 22.8%
$199,587
$190,975
- 4.3%
96.1%
95.3%
- 0.8%
94.1%
94.0%
- 0.1%
Inventory of Homes for Sale
44
50
+ 13.6%
––
––
––
Months Supply of Inventory
5.6
6.6
+ 17.9%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
0
0
––
2
1
- 50.0%
Pending Sales
0
1
––
2
2
0.0%
Closed Sales
0
1
––
0
1
––
Days on Market Until Sale
––
207
––
––
207
––
Median Sales Price*
––
$138,000
––
––
$138,000
––
Average Sales Price*
––
$138,000
––
––
$138,000
––
Percent of List Price Received*
––
97.2%
––
––
97.2%
––
Inventory of Homes for Sale
0
2
––
––
––
––
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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Madison County Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
26
36
+ 38.5%
83
108
+ 30.1%
Pending Sales
15
10
- 33.3%
44
52
+ 18.2%
Closed Sales
9
9
0.0%
32
39
+ 21.9%
316
117
- 63.0%
183
122
- 33.3%
Median Sales Price*
$235,000
$245,000
+ 4.3%
$243,950
$325,000
+ 33.2%
Average Sales Price*
$271,711
$254,500
- 6.3%
$325,181
$346,131
+ 6.4%
93.2%
99.9%
+ 7.2%
94.2%
97.8%
+ 3.8%
Inventory of Homes for Sale
125
124
- 0.8%
––
––
––
Months Supply of Inventory
12.6
12.3
- 2.4%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
8
0
- 100.0%
8
2
- 75.0%
Pending Sales
1
1
0.0%
2
1
- 50.0%
Closed Sales
0
0
––
1
0
- 100.0%
Days on Market Until Sale
––
––
––
232
––
––
Median Sales Price*
––
––
––
$225,000
––
––
Average Sales Price*
––
––
––
$225,000
––
––
Percent of List Price Received*
––
––
––
90.0%
––
––
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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Jefferson County Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
7
3
- 57.1%
23
30
+ 30.4%
Pending Sales
2
4
+ 100.0%
15
18
+ 20.0%
Closed Sales
7
6
- 14.3%
14
17
+ 21.4%
Days on Market Until Sale
61
136
+ 123.0%
90
135
+ 50.0%
Median Sales Price*
$159,500
$260,000
+ 63.0%
$189,000
$275,000
+ 45.5%
Average Sales Price*
$226,833
$250,583
+ 10.5%
$231,185
$265,441
+ 14.8%
98.5%
102.7%
+ 4.3%
95.6%
98.1%
+ 2.6%
Inventory of Homes for Sale
25
26
+ 4.0%
––
––
––
Months Supply of Inventory
7.6
6.8
- 10.5%
––
––
––
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Broadwater County Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
8
7
- 12.5%
36
27
- 25.0%
Pending Sales
5
4
- 20.0%
23
16
- 30.4%
Closed Sales
5
6
+ 20.0%
16
14
- 12.5%
104
93
- 10.6%
120
68
- 43.3%
Median Sales Price*
$261,000
$279,950
+ 7.3%
$265,000
$277,450
+ 4.7%
Average Sales Price*
$281,300
$274,400
- 2.5%
$268,019
$268,050
+ 0.0%
98.8%
96.4%
- 2.4%
98.1%
98.1%
0.0%
Inventory of Homes for Sale
24
17
- 29.2%
––
––
––
Months Supply of Inventory
6.5
5.0
- 23.1%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – May 2018 This is a research tool provided by the Big Sky Country MLS
Sweet Grass County Single Family
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
11
9
- 18.2%
29
21
- 27.6%
Pending Sales
5
2
- 60.0%
13
10
- 23.1%
Closed Sales
4
4
0.0%
11
8
- 27.3%
102
78
- 23.5%
189
109
- 42.3%
Median Sales Price*
$144,000
$186,000
+ 29.2%
$150,000
$186,000
+ 24.0%
Average Sales Price*
$152,250
$228,169
+ 49.9%
$182,614
$224,084
+ 22.7%
95.8%
98.5%
+ 2.8%
93.0%
95.1%
+ 2.3%
Inventory of Homes for Sale
34
22
- 35.3%
––
––
––
Months Supply of Inventory
11.0
7.3
- 33.6%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
May
Year to Date
Key Metrics
2017
2018
% Change
Thru 5-2017
Thru 5-2018
% Change
New Listings
0
0
––
1
0
- 100.0%
Pending Sales
1
0
- 100.0%
1
0
- 100.0%
Closed Sales
1
0
- 100.0%
2
0
- 100.0%
Days on Market Until Sale
47
––
––
53
––
––
Median Sales Price*
$101,000
––
––
$104,750
––
––
Average Sales Price*
$101,000
––
––
$104,750
––
––
95.7%
––
––
96.0%
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
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 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 June 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.