2023 Luxury Real Estate Market Update & Metrics

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REALESTATEMARKETUPDATE& METRICS HIGH END & L UXURY MARKET

®


Key Metrics SW Montana Real Estate 2023 $1-1.5M HIGH END SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET YEAR/YEAR 2021-2023 75 57 52

48

50 33

48

33

32

26 22

25

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2021-2023 2,000

1,180

1,205

1,300 1,170

1,200

1,250

1,278

1,370 1,118

1,000

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY # LISTINGS SOLD YEAR/YEAR 2021-2023 100

50

0 Bozeman City

Greater Bozeman

2023

2022

2021

Big Sky


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2021-2023 125

101

98

100 88 83

75

82

70

50

25 9.1 2.7

0 Bozeman City

Greater Bozeman

2021

2022

2023

Big Sky

2.2


Key Metrics SW Montana Real Estate 2023 $1.5M+ LUXURY SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET YEAR/YEAR 2021-2023 150

128

103

100 75

53

71

49

43

50

75

27

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2021-2023 5,000 3,900

3,175

2,500

2,200 1,625

1,645

2,125

2,000

1,662

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY # LISTINGS SOLD YEAR/YEAR 2021-2023 150

100

50

0 Bozeman City

Greater Bozeman

2023

2022

2021

Big Sky

4,495


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2021-2023 300

271 244

235 207

200

198 156

100

37

41

24

0 Bozeman City

Greater Bozeman

2021

2022

2023

Big Sky


Key Metrics SW Montana Real Estate 2023 $1-1.5M HIGH END CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET YEAR/YEAR 2021-2023 200 157

167 147

100

41

39

47

0 Bozeman City

Big Sky

2021

2022

2023

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2021-2023 1,500 1,250

1,199

1,226

1,299

1,300

1,000

500

0 Bozeman City

Big Sky

2021

2022

2023

CONDO/TOWNHOME # LISTINGS SOLD YEAR/YEAR 2021-2023 50

25

0 Bozeman City

Big Sky

2023

2022

2021

1,200


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2021-2023 80

63 60

40

31 25

23 20

20

15

0 Bozeman City

Big Sky

2021

2022

2023


Key Metrics SW Montana Real Estate 2023 $1.5M+ LUXURY CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET YEAR/YEAR 2021-2023 150 123 102

100 73

67 48

50

15

0 Bozeman City

Big Sky

2021

2022

2023

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2021-2023 4,000 3,173

2,312

2,000

1,795

1,760

2,300

1,850

0 Bozeman City

Big Sky

2021

2022

2023

CONDO/TOWNHOME # LISTINGS SOLD YEAR/YEAR 2021-2023 100

50

0 Bozeman City

Big Sky

2023

2022

2021


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2021-2023 300

260 203 200

174

100

22

16

15

0 Bozeman City

Big Sky

2021

2022

2023


BOZEMAN, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+

GREATER BOZEMAN, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+


BELGRADE, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k

801-1M

1M+

801-1M

1M+

BIG SKY, ALL RESIDENTIAL, UNITS SOLD BY PRICE

< 450k

451-650k

651-800k


MARCIE HAHNKNOFF

MOLLY OGLE

BROKER OWNER REAL T OR®

GRI REAL T OR®

CARLA T HORNI NG

KEVIN CHARTIER

REAL T OR®

REAL T OR®

CANDICE W ILSON

ERIC KNOFF

ASSI ST ANT REAL T OR®

KRISTIN W ILD

ASSI ST ANT REAL T OR®

ASSI ST ANT REAL T OR®

SERVING BOZEMAN,BIG SKY, BELGRADE,L I VI NGST ON, PARADISEVALLEY & GREATER GALLATIN AREA OFMONTANA

L COM :INFO@KNOFFGROUP. ( 406)9249559|EMAI WWW . KNOFFGROUP. COM

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