FIRST HALF MARKET TRENDS 2021 · Southwest Montana
CONTENTS
THANK YOU TO OUR CLIENTS 01
Gallatin County Real Estate Trends
03
Madison County Real Estate Trends
05
Park County Real Estate Trends
07
Belgrade
09
Big Sky
11
Bozeman
13
Ennis
15
Livingston
17
Our Locations
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
GALLATIN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
HISTORICAL active listing volume Residential and Land only.
$1,816,566,914 $1,668,289,480 $1,427,550,619
$1,186,581,496 $1,092,428,264 2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
2020
2021
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$500,000
$805,533,236 ($544,007,395)
(66)
38
1.00%
$389,000
$198,375,405
170
-1.00%
$715,394
$483,159 $417,471
2017
$509,848
($395,950)
$441,686
2018
2019
2020
(-3.00%)
2021
LAND
$667,931
$298,081
($168,800)
$219,969
(219)
(-7.00%)
$258,561
$165,589
2017
($52,487,984)
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
GALLATIN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
1,092
2017
1,117
2018
1,572
1,053
2019
1,611
1,067
2020
1,605
1,668
2021
1,126
2017
413
1,483
ACTIVE listings 411
2018
276
469
2019
247
404
2020
203
332
2021
297
300
2021 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
26%
$400,000 - $599,000
32%
$600,000 - $799,000
19%
$800,000 - $999,000
7%
$1,000,000 - $1,499,000
8%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
3%
TOTAL GROSS* sales volume
$1,003,908,641
IN GALLATIN COUNTY
2017
2018
$582,392,634
2019
$596,486,379
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$524,266,845
$553,480,295
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
HISTORICAL active listing volume Residential and Land only.
$400,118,741 $325,813,196
$259,902,641
$211,222,723
$174,047,319 2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
2020
2021
MEDIAN SALES PRICE
TOTAL SALES VOLUME
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
$542,000
$172,303,120
102
-2.00%
$127,500
$82,663,560
163
-2.00%
$1,120,732 $970,317 $978,995 $759,515
($458,000)
($99,745,136)
(91)
(-6.00%)
$479,083
2018
2017
2019
2020
2021
$399,341
LAND
$298,989 $253,302
($75,000)
($26,012,032)
(344)
(-9.00%)
$201,398 $158,664
2017
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold 76
ACTIVE listings 2017
135
2018
128
2019 89
LAND
60
178
84
224 245
2020
87
237
ACTIVE listings 2017
206
2018
246
2019
103
185
2021
176
UNITS sold
175
2020
184
2021
207
203
2021 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
29%
$400,000 - $599,000
22%
$600,000 - $799,000
9%
$800,000 - $999,000
8%
$1,000,000 - $1,499,000
10%
$1,500,000 - $1,999,000
7%
$2,000,000 and up
11%
TOTAL GROSS* sales volume
$254,966,680
$144,944,501
IN MADISON COUNTY
$125,757,168
$45,930,110
2017
2018
2019
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$123,811,967
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
HISTORICAL active listing volume Residential and Land only.
$229,734,299
$172,518,737 $135,940,544
$151,965,550
$119,503,738 2017
2018
RESIDENTIAL
AVERAGE SALES PRICE
2019
2020
MEDIAN SALES PRICE
TOTAL SALES VOLUME
$385,000
$76,444,640
$132,000
$12,780,483
2021
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
41
-1.00%
96
0.00%
$452,335
$378,421 $386,320
($325,000)
($47,517,357)
(82)
(-5.00%)
$312,393 $311,634
2017
2018
2019
2020
2021
$224,470
LAND
$190,753
($110,250)
$125,783 $135,463
($5,418,500)
(271)
(-6.00%)
$109,661
2017
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
135 115 102
213
2018
233
2019
229
2020
123
2017
57
2018
151 137
2019
51 40
268
ACTIVE listings
59
202
2021
169
UNITS sold
2020
86 59
2021
67
92
2021 closed RESIDENTIAL transactions by price point
Under $199,000
8%
$200,000 - $399,000
46%
$400,000 - $599,000
26%
$600,000 - $799,000
10%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
0%
$89,225,123
TOTAL GROSS* sales volume $50,046,877
$49,594,266
$52,935,857
$42,088,538
2017
2018
2019
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN PARK COUNTY
BELGRADE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
222
2017
224
2018
242
2019
UNITS sold
299
358
2020
292
335
2021
251
2017
42
329
37
2018
39
2019 20
325
ACTIVE listings
31
60 73 82
2020
40
2021
41
2021 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
43%
$400,000 - $599,000
38%
$600,000 - $799,000
11%
$800,000 - $999,000
1%
$1,000,000 - $1,499,000
4%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
$161,719,865
TOTAL GROSS* sales volume $71,920,276
2017
$102,128,670
$108,514,609
$81,094,647
2018
2019
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
IN BELGRADE
BELGRADE
real estate trends Residential
Land
AVERAGE sales price
$884,802
$507,548 $292,219
$318,213
$422,833
$348,754
$353,877
$333,920
2019
2020
$265,266 $167,802
2017
2018
2021
MEDIAN sales price $261,950
$287,450
$320,000
$479,000 $435,000
$320,000
$150,000 $116,000
$70,000
2017
2018
2019
$146,500
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
13
117
(54) DAYS
(125) DAYS
PUREWESTREALESTATE.COM
BIG SKY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
RESIDENTIAL UNITS sold
ACTIVE listings 2017
122
137 93 180
UNITS sold
179
2018
144
LAND
161
2019
189
2020
188
2021
192
ACTIVE listings
53
2017
49
2018
72
2019
71
41 30
2020 2021
100
63
53 61
2021 closed RESIDENTIAL transactions by price point
Under $199,000
6%
$200,000 - $399,000
22%
$400,000 - $599,000
11%
$600,000 - $799,000
6%
$800,000 - $999,000
6%
$1,000,000 - $1,499,000
18%
$1,500,000 - $1,999,000
13%
$2,000,000 and up
18%
$369,408,192
TOTAL GROSS* sales volume IN BIG SKY
$158,513,123
$164,362,496
$116,789,562
2017
2018
2019
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$186,247,090
BIG SKY
real estate trends Residential
Land
AVERAGE sales price $1,502,067
$1,335,764 $1,145,027 $795,540
$372,333
2017
$1,289,706
$920,928 $716,546
$822,342
$528,562
2018
2019
2020
2021
MEDIAN sales price $935,000
$760,000 $489,225
$953,500
$925,000 $777,500
$582,500
$350,000
$430,000
$200,000
2017
2018
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
173
200
(157) DAYS
(223) DAYS
PUREWESTREALESTATE.COM
BOZEMAN
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
691
2017
727
2018
1,006
660
2019
1,033
664
2020
1,079
2021
696
2017
239 151
1,082 919
ACTIVE listings 160
2018
255
137
2019
204
139
2020
198
120
2021
140
2021 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
20%
$400,000 - $599,000
33%
$600,000 - $799,000
24%
$800,000 - $999,000
9%
$1,000,000 - $1,499,000
7%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
3%
$576,230,700
TOTAL GROSS* sales volume IN BOZEMAN
$363,099,975
$386,044,353
$323,765,548
2017
2018
2019
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$370,699,312
BOZEMAN
real estate trends Residential
Land
AVERAGE sales price
$723,244
$419,683
$465,253
$214,971
$495,836
$527,893
$261,667
$141,275
2017
$607,107
$255,562
2018
2019
2020
2021
MEDIAN sales price $355,000
$97,755
2017
$395,000
$414,950
$132,900
$147,500
2018
2019
$595,000
$435,000 $342,500
$169,400
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
19
187
(65) DAYS
(205) DAYS
PUREWESTREALESTATE.COM
ENNIS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
27
2017
27
2018
58
2020
16
30
2021
39
64
138
2019
53
39
101
2018
40
54
ACTIVE listings 2017
29
56
2019
21
UNITS sold
78
72
2020
82
2021
79
2021 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
30%
$400,000 - $599,000
41%
$600,000 - $799,000
13%
$800,000 - $999,000
10%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
0%
TOTAL GROSS* sales volume IN ENNIS
$29,612,830
$14,845,850
$10,421,180
$9,080,800
2017
2018
2019
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$11,948,924
ENNIS
real estate trends Residential
Land
AVERAGE sales price $557,133
$519,492
$451,769
$311,075 $237,307 $88,748
$59,359
$106,429
$119,906
2020
2021
$92,190
2017
2018
2019
MEDIAN sales price $348,400 $238,000
$481,000
$381,000
$280,000
$59,000
$46,250
$50,000
2017
2018
2019
$96,250
$93,000
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
58
103
(113) DAYS
(336) DAYS
PUREWESTREALESTATE.COM
LIVINGSTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS FIRST HALF YEAR OVER YEAR Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2017 - 6/30/2017 through 1/1/2021 - 6/30/2021.
RESIDENTIAL UNITS sold
ACTIVE listings 2017
113 100 84
ACTIVE listings 2017
48
2018
184
38
2018
2019
183
39
2019
167
2021
147
UNITS sold
166
2020
109
LAND
2020
31 222
91 96 56 37
2021
45
58
2021 closed RESIDENTIAL transactions by price point
Under $199,000
10%
$200,000 - $399,000
46%
$400,000 - $599,000
29%
$600,000 - $799,000
8%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
2%
$1,500,000 - $1,999,000
3%
$2,000,000 and up
0%
25% (29%)
$73,023,790
TOTAL GROSS* sales volume IN LIVINGSTON
$47,369,107
$34,328,723
2017
2018
$34,340,977
2019
2020
2021
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
*Residential and Land only.
$39,755,471
LIVINGSTON
real estate trends Residential
Land
AVERAGE sales price $397,237
$298,922
$129,712
$304,701
$101,542
$443,175
$298,207 $175,046
$238,246 $131,298
2017
2018
2019
2020
2021
MEDIAN sales price
$384,770
$328,500 $253,950
$52,500
2017
$265,000
$259,000
$79,150
$95,000
$90,000
$90,000
2018
2019
2020
2021
AVERAGE days on the market
2020 percentages in parenthesis.
homes
land
36
72
(80) DAYS
(477) DAYS PUREWESTREALESTATE.COM
LOCATIONS Big Sky Town Center 88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009 The Exchange (Formerly the Mountain Mall)
Big Sky Resort (Seasonal) Big Sky, MT 59716
Bozeman 708 N. Rouse Avenue Bozeman, MT 59715 406.586.9418 Ennis 222 E. Main Street, Suite 1A Ennis, MT 59729 406.682.4200
WWW.PUREWESTREALESTATE.COM The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.