ANNUAL 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 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
HISTORICAL active listing volume Residential and Land only.
$3,524,684,230
$2,470,494,747 $1,979,163,654 $2,144,314,655
$1,949,163,920 2018
2017
AVERAGE SALES PRICE
2020
2019
2021
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
31
0.00%
132
0.00%
MEDIAN SALES PRICE
TOTAL SALES VOLUME
$590,000
$2,112,892,628 ($1,701,126,372)
(60)
$349,900
$408,218,320
RESIDENTIAL
$806,755
$600,680
$462,813
$494,202
($434,900)
(-2.00%)
$421,763
2017
2018
2019
2020
2021
LAND
$732,887
($230,000)
$318,377 $348,087
$240,056
($240,528,031)
(258)
(-4.00%)
$212,094
2017
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
GALLATIN COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
2404
2017
2881
2359
2018
2796
2339
2019
691 557
2789
2017
900
2018
885
2019
461
2980
2021
2619
515
2954
2020
2832
723
ACTIVE listings
717
2020
639
2021
635
2021 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
16%
$400,000 - $599,000
34%
$600,000 - $799,000
21%
$800,000 - $999,000
10%
$1,000,000 - $1,499,000
9%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
5%
$2,521,110,948
TOTAL GROSS* sales volume
$1,941,654,403
IN GALLATIN COUNTY
2017
2018
$1,302,710,237
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.
$1,167,261,197
$1,215,404,887
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
HISTORICAL active listing volume Residential and Land only.
$799,169,040 $688,964,588
$378,690,701
$418,378,422 $460,700,838
2018
2017
AVERAGE SALES PRICE
2020
2019
2021
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
99
-2.00%
135
-4.00%
MEDIAN SALES PRICE
TOTAL SALES VOLUME
$615,000
$400,399,411 ($406,538,118)
(150)
$140,000
$161,544,120
RESIDENTIAL
$1,243,236
$1,103,029 $868,455 $715,047
($585,000)
(-4.00%)
$529,083
2017
2018
2019
2020
2021
LAND
$453,891
$279,548
($82,250)
$209,722 $182,135
($84,982,605)
(275)
(-8.00%)
$206,054
2017
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
MADISON COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
198 262
2018
256
2019
327 363
UNITS sold
358
127
335
2020
397
2021
399
2017
328
2018
167
377
ACTIVE listings 386
2019
224 304 357
339
2020
363
2021
355
2021 closed RESIDENTIAL transactions by price point
Under $199,000
4%
$200,000 - $399,000
24%
$400,000 - $599,000
21%
$600,000 - $799,000
12%
$800,000 - $999,000
8%
$1,000,000 - $1,499,000
10%
$1,500,000 - $1,999,000
8%
$2,000,000 and up
13%
IN MADISON COUNTY
$491,520,723
*Residential and Land only.
TOTAL GROSS* sales volume
$561,943,531
$269,302,364
$221,753,443 $127,889,612
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.
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
HISTORICAL active listing volume Residential and Land only.
$404,443,998
$310,440,020 $237,938,399
$250,505,537 $244,568,193 2018
2017
AVERAGE SALES PRICE
2020
2019
MEDIAN SALES PRICE
TOTAL SALES VOLUME
$415,000
$213,830,930
$174,500
$32,838,277
2021
AVG. DAYS ON MARKET
% CHANGE LIST TO SOLD
31
-2.00%
76
-2.00%
RESIDENTIAL
$541,343
$449,949 $401,612
($350,000)
$352,858
($169,630,844)
(64)
(-3.00%)
$327,702
2017
2018
2019
2020
2021 $252,602
LAND
$212,729
$188,228
($144,250)
$119,727
($28,987,150)
(293)
(-4.00%)
$129,610
2017
2018
2019
2020
2021 2020 percentages in parenthesis.
PUREWESTREALESTATE.COM
PARK COUNTY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS YEAR OVER YEAR
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
300
2017
377
289
2018
376
2019
275
2021
395
187
2019
89 154
475
208
2018
131
434
ACTIVE listings 2017
153
403
2020
377
UNITS sold
130
147
2020
152
2021
156
2021 closed RESIDENTIAL transactions by price point
Under $199,000
8%
$200,000 - $399,000
37%
$400,000 - $599,000
31%
$600,000 - $799,000
11%
$800,000 - $999,000
5%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
1%
$246,669,207
TOTAL GROSS* sales volume
$198,617,994
IN PARK COUNTY
$118,954,889
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.
$116,628,752
$129,376,088
BELGRADE
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
480
2017
464
2018
543
2020
636
2021
554
588
134
2019
82
593
116
2018
68
681
ACTIVE listings 2017
75
574
2019
553
UNITS sold
114
2020
46
64
2021
124
137
2021 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
27%
$400,000 - $599,000
51%
$600,000 - $799,000
15%
$800,000 - $999,000
2%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
1%
$2,000,000 and up
1%
TOTAL GROSS* sales volume
$264,442,034
IN BELGRADE
2017
$228,154,906
$168,724,108
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.
$152,454,645
$392,329,036
BELGRADE
real estate trends Residential
Land
AVERAGE sales price $290,344 $174,526
2017
$329,662 $231,775
2018
$359,758 $356,207
2019
$391,161
$268,950
$290,000 $147,000
$87,500
2017
2018
$576,569
$340,509
2020
MEDIAN sales price $320,000
$579,124
2021
$475,000
$342,450
$190,000 $113,750
2019
$133,750
2020
2021
AVERAGE days on the market 2020 percentages in parenthesis.
homes
land
16
46
(40) DAYS
(158) DAYS PUREWESTREALESTATE.COM
BIG SKY
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
269
2019
263
354
2020
374
2021
355
131
2020
133
147
2021
145
352
149
2019
97
412
134
2018
90
301
ACTIVE listings 2017
102
360
2018
284
UNITS sold
119
2021 closed RESIDENTIAL transactions by price point
Under $199,000
3%
$200,000 - $399,000
14%
$400,000 - $599,000
8%
$600,000 - $799,000
8%
$800,000 - $999,000
10%
$1,000,000 - $1,499,000
17%
$1,500,000 - $1,999,000
13%
$2,000,000 and up
27%
$869,164,208 $723,993,025
TOTAL GROSS* sales volume
$279,101,413
2017
$319,005,669
2018
$354,053,029
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 BIG SKY
BIG SKY
real estate trends Residential
Land
AVERAGE sales price
$1,813,832
$1,620,371 $1,707,489 $800,985
$994,654 $514,896
$1,118,632
$887,024
$617,040
$623,888
2017
2018
2019
2020
MEDIAN sales price $1,100,000
2021
$1,200,000 $850,000
$685,000
$699,000 $537,500
$515,000 $335,750
$415,000
$258,750
2017
2018
2019
2020
2021
AVERAGE days on the market 2020 percentages in parenthesis.
homes
land
135
212
(141) DAYS
(283) DAYS
PUREWESTREALESTATE.COM
BOZEMAN
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings
UNITS sold
1537
2017
1833
1548
2018
1801
2019
1477
2020
1794
483
2019
237
385
2020
411
320
2021
207
1707
454
2018
289
1944
2021
1645
2017
405
1856
ACTIVE listings
272
2021 closed RESIDENTIAL transactions by price point
Under $199,000
0%
$200,000 - $399,000
13%
$400,000 - $599,000
33%
$600,000 - $799,000
25%
$800,000 - $999,000
12%
$1,000,000 - $1,499,000
10%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
3%
TOTAL GROSS* sales volume
$1,407,958,450 $1,186,999,925
IN BOZEMAN
2017
2018
$822,147,175
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.
$728,062,591
$805,016,758
BOZEMAN
real estate trends Residential
Land
AVERAGE sales price $773,928
$429,993 $165,835
2017
$473,657
$506,696
$587,812 $651,435 $322,301
$248,427 $311,212
2018
2019
2020
MEDIAN sales price $357,000
$399,640
$421,000
$160,000
$165,000
2018
2019
2021
$625,000
$470,250 $369,900 $220,000
$108,500
2017
2020
2021
AVERAGE days on the market 2020 percentages in parenthesis.
homes
land
21
136
(59) DAYS
(242) DAYS
PUREWESTREALESTATE.COM
ENNIS
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND
ACTIVE listings 2017
65
60
2019
61
2020
77
2021
90
127
2020
136 112
181
2019
100
80
152
2018
82
86
ACTIVE listings 2017
57
101
2018
55
UNITS sold
148
2021
140
143
2021 closed RESIDENTIAL transactions by price point
Under $199,000
1%
$200,000 - $399,000
29%
$400,000 - $599,000
32%
$600,000 - $799,000
21%
$800,000 - $999,000
8%
$1,000,000 - $1,499,000
7%
$1,500,000 - $1,999,000
0%
$2,000,000 and up
2%
$76,032,905
TOTAL GROSS* sales volume
$48,434,908
$35,613,000
$22,383,300
2017
$24,827,624
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 ENNIS
ENNIS
real estate trends Residential
Land
AVERAGE sales price $585,734
$606,059
$486,268 $275,268
$335,002
$78,788
$78,079
$64,369
$93,420
2017
2018
2019
2020
MEDIAN sales price
$153,483
2021
$500,000
$428,750 $349,200 $245,000
$290,000
$55,000
$48,750
$50,450
$66,250
2017
2018
2019
2020
$121,500
2021
AVERAGE days on the market 2020 percentages in parenthesis.
homes
land
53
85
(89) DAYS
(232) DAYS PUREWESTREALESTATE.COM
LIVINGSTON
real estate trends
COMPARING MARKET STATISTICS OVER THE PAST FIVE YEARS 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 - 12/31/2017 through 1/1/2021 - 12/31/2021.
RESIDENTIAL UNITS sold
LAND UNITS sold
ACTIVE listings 2017
258
312
2018
245
300
2019
231
126
2018
125 95
2020
109
102
2021
83
389
2017
2019
60
368
2021
341
81
333
2020
320
121
ACTIVE listings
96
2021 closed RESIDENTIAL transactions by price point
Under $199,000
9%
$200,000 - $399,000
38%
$400,000 - $599,000
31%
$600,000 - $799,000
10%
$800,000 - $999,000
4%
$1,000,000 - $1,499,000
3%
$1,500,000 - $1,999,000
4%
$2,000,000 and up
1%
$189,982,868
TOTAL GROSS* sales volume
$161,027,481
$92,100,807
$91,438,374
2017
2018
$98,035,389
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 LIVINGSTON
LIVINGSTON
real estate trends Residential
Land
AVERAGE sales price $446,749 $307,758
$335,852
$368,956 $213,443
$104,953
$113,021
2017
2018
$504,039
2019
$165,758
2020
MEDIAN sales price
$218,141
2021
$408,005
$344,750 $251,500
$68,000
2017
$281,000
$300,000
$90,000
$102,500
$90,000
2018
2019
2020
$129,000
2021
AVERAGE days on the market 2020 percentages in parenthesis.
homes
land
28
62
(56) DAYS
(272) DAYS PUREWESTREALESTATE.COM
LOCATIONS Big Sky Town Center 88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009
Bozeman 708 N. Rouse Avenue Bozeman, MT 59715 406.586.9418
The Exchange
Ennis 222 E. Main Street, Suite 1A Ennis, MT 59729 406.682.4200
Formerly the Mountain Mall
Big Sky Resort (Seasonal) Big Sky, MT 59716 406.995.5583
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.