FIRST HALF MARKET TRENDS
2023 · Southwest Montana
CONTENTS 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. 03 Gallatin County 04 Madison County 05 Park County 06 Belgrade | Manhattan 07 Big Sky 08 Bozeman 09 Ennis 10 PureWest Locations
GALLATIN COUNTY sold properties - first half 2023
2023
sales price$1,003,908,641 $989,621,872 $783,955,138
$298,081 $258,561 $667,931 $588,558 $614,254 $155,000 $168,800 $389,000 $365,333 $399,500 $483,159 $509,848 $715,394 $976,938 $897,963 $395,000 $395,950 $550,000 $713,892 $676,250 3.98% 24.67% 38.50% 23.45% 6.42% 2.99% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
TOTAL GROSS* sales volume IN GALLATIN COUNTY $582,392,634 $596,486,379 closed RESIDENTIAL transactions
AVERAGE DAYS ON MARKET 50 days 2022: 21 days RESIDENTIAL units sold MEDIAN AVERAGE MEDIAN AVERAGE 90 days 2022: 102 days *Residential and Land only. 2019 2020 2021 2022 2023 RESIDENTIAL LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 AVERAGE & MEDIAN
AVERAGE DAYS ON MARKET Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, and while deemed reliable this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. 2023 2022 2021 2020 2019 806 924 1126 1067 1053
BY PRICE POINT
MADISON COUNTY sold properties - first half 2023
TOTAL GROSS* sales volume IN MADISON COUNTY
$970,317 $1,120,732 $978,995 $1,324,087 $1,503,285 $390,000 $458,000 $542,000 $625,000 $670,000 $201,398 $298,989 $399,341 $538,398 $763,011 $70,500 $75,000 $127,500 $215,125 $195,000 27.59% 27.59% 12.07% 12.07% 5.17% 15.52% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY
RESIDENTIAL units sold $144,944,501
$139,588,188 AVERAGE DAYS ON MARKET 113 days 2022:
days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 132 days 2022: 114 days
& MEDIAN
RESIDENTIAL LAND 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 *Residential and Land only. Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, and while deemed reliable this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. 69 135 176 89 128 2023 2022 2021 2020 2019
PRICE POINT
$125,757,168 $254,966,680 $235,166,826
91
AVERAGE
sales price
$89,225,123
$64,038,850
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold PARK COUNTY sold properties - first half 2023 AVERAGE DAYS ON MARKET 69 days 2022: 62 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 136 days 2022: 112 days *Residential and Land only. RESIDENTIAL LAND AVERAGE & MEDIAN sales price 73 152 169 123 102 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, and while deemed reliable this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
$224,470 $135,463 $258,117 $537,591 $786,496 $120,000 $110,250 $179,000 $296,000 $357,000 $378,421 $450,348 $541,343 $651,715 $629,445 $310,000 $350,000 $415,000 $496,500 $510,000 14.14% 41.41% 27.27% 14.14% 1.01% 2.02% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
$50,046,877 $52,935,857 $105,402,006
TOTAL GROSS* sales volume IN PARK COUNTY
sold properties - first half 2023
44 days 2022: 22 days
$142,121,146 $140,878,325 AVERAGE MEDIAN
$395,365,311 $197,858,503 $135,273,534 AVERAGE AVERAGE DAYS ON MARKET
89 days 2022: 94 days
RESIDENTIAL LAND *Residential and Land only. 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, and while deemed reliable this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
$239,253 $285,644 $592,567 $735,294 $702,891 $170,000 $170,000 $367,500 $299,333 $348,500 $622,822 $593,433 $1,015,679 $717,386 $613,108 $447,725 $418,750 $630,490 $562,156 $530,000 2.75% 39.45% 44.50% 10.55% 2.29% 0.46% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold 200 243 279 319 278
BELGRADE | MANHATTAN
AVERAGE DAYS ON MARKET
TOTAL GROSS* sales volume IN BELGRADE | MANHATTAN MEDIAN
AVERAGE & MEDIAN sales price
TOTAL GROSS* sales volume IN BIG SKY
$186,247,090 $164,362,496
$369,408,192 $289,620,861 $215,658,777
$716,546 $822,342 $1,289,706 $1,545,528 $3,873,571 $430,000 $925,000 $777,500 $1,237,083 $4,700,000 $1,145,027 $1,502,067 $1,335,764 $2,214,418 $2,945,997 $760,000 $935,000 $953,500 $1,586,500 $2,511,500 5.63% 9.86% 16.90% 22.54% 45.07% Under $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
2023 closed RESIDENTIAL transactions
BIG SKY sold properties - first half 2023 AVERAGE DAYS ON MARKET 128 days 2022: 118 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 76 days 2022: 109 days RESIDENTIAL LAND AVERAGE & MEDIAN sales price *Residential and Land only. RESIDENTIAL units sold 64 113 180 93 137 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, and while deemed reliable this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
BY PRICE POINT
AVERAGE & MEDIAN sales price
TOTAL GROSS* sales volume IN
$239,253 $285,644 $592,567 $598,583 $904,885 $170,000 $170,000 $367,500 $485,333 $432,500 $622,822 $593,433 $1,015,679 $973,101 $868,896 $447,725 $418,750 $630,490 $745,492 $725,000 16.11% 38.35% 29.95% 6.30% 1.05% Under $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 - $3,000,000 $3,000,001 +
BOZEMAN 2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold 524 571 307 196 194 $363,099,975 $385,669,352 $580,078,700 $594,403,335 $502,355,495 BOZEMAN
AVERAGE DAYS ON MARKET 88 days 2022: 106 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 95 days 2022: 133 days
sold properties - first half 2023
RESIDENTIAL LAND *Residential and Land only. 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, and while deemed reliable this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
ENNIS sold properties - first half 2023
AVERAGE & MEDIAN sales price
TOTAL GROSS* sales volume
$59,359 $106,429 $119,906 $271,543 $285,441 $50,000 $96,250 $93,000 $183,917 $185,000 $557,133 $451,769 $519,492 $648,322 $703,881 $348,400 $381,000 $481,000 $572,908 $595,000
ENNIS 2023 closed RESIDENTIAL transactions BY PRICE POINT RESIDENTIAL units sold 12 37 39 16 21 $14,845,850 $10,421,180 $29,612,830 $38,372,700 $13,299,075
AVERAGE DAYS ON MARKET 110 days 2022: 90 days MEDIAN AVERAGE MEDIAN AVERAGE AVERAGE DAYS ON MARKET 127 days 2022: 120 days
IN
RESIDENTIAL LAND *Residential and Land only. 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2019 2020 2021 2022 2023 2023 2022 2021 2020 2019 Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 06/30/2019 through 1/1/2023 - 06/30/2023, and while deemed reliable this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. 37.93% 27.59% 13.79% 17.24% 3.45% Under $250,000 $250,000 - $500,000 $500,001 - $800,000 $800,001 - $1,500,000 $1,500,001 +
PUREWESTREALESTATE.COM SOUTHWEST LOCATIONS BOZEMAN 708 N. Rouse Avenue Bozeman, MT 59715 406.586.9418 BIG SKY 88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009 ENNIS 222 E. Main Street, Suite 1A Ennis, MT 59729 406.682.4200
