2022 Q1 Real Estate Market Update & Metrics

Page 1

REALESTATEMARKETUPDATE& METRICS


Key Metrics SW Montana Real Estate Q1 2022 SINGLE FAMILY AVERAGE DAYS ON MARKET YEAR/YEAR 2020-2022 200 154 121

118 113

98

100

44 16

0

82

69

63 20

Bozeman City

37

18

Greater Bozeman

41

22

Belgrade

51 25

Manhattan

2020

2021

Big Sky

32

Livingston City

2022

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2020-2022

4,000

3,947 3,000 2,250

2,000 1,175 465

0

635 755

Bozeman City

587 700

335 420

Greater Bozeman

624

Belgrade 2020

450

610

825

Manhattan 2021

515 290 353

Big Sky

Livingston City

Big Sky

Livingston City

2022

SINGLE FAMILY # LISTINGS SOLD YEAR/YEAR 2020-2022 200 100 0

Bozeman City

Greater Bozeman

Belgrade

2022

Manhattan

2021

2020


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2020-2022 150 128

100

87 68

62

60

56

50

53

51 28

38

28 6.5 7.3

0

Bozeman City

Greater Bozeman

Belgrade 2020

16

7.9

Manhattan 2021

44

Big Sky

10

9.7

Livingston City

2022

CONDO/TOWNHOME AVERAGE DAYS ON MARKET YEAR/YEAR 2020-2022 200 178

100

65

64 15

0

20

Bozeman City

41

187 134

128

55

38

44 11

Greater Bozeman 2020

10

Belgrade 2021

Big Sky

27

Livingston

2022

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2020-2022

1,500

1,087

1,000 500 0

324

400

553

Bozeman City

339

427

505 280

Greater Bozeman 2020

275

430

565 218

Belgrade 2021

397

Big Sky 2022

223

328

Livingston


CONDO/TOWNHOME # LISTINGS SOLD YEAR/YEAR 2020-2022 100

50

0

Bozeman City

Greater Bozeman

Belgrade

2022

2021

Big Sky

Livingston

2020

CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2020-2022 100 85

75 58

51

50

41

34

32

25 6

0

Bozeman City

5

8.3

3

Greater Bozeman

7.6

7.8

0.8

Belgrade

2020

2021

Big Sky

3.1

11

Livingston

2022

LAND AVERAGE DAYS ON MARKET YEAR/YEAR 2020-2022 300 240

200

208

173

238

141 102

100 0

246

95

76

7

Bozeman City

75 38

Greater Bozeman 2020

Belgrade 2021

2022

Big Sky


LAND MEDIAN SALES PRICE (IN 1000s) YEAR/YEAR 2020-2022 1,500 1,425

1,000 500 135

0

337

227

Bozeman City

395

537

401

215

140

Greater Bozeman 2020

520 292

Belgrade 2021

667

Big Sky

2022

LAND # LISTINGS SOLD YEAR/YEAR 2020-2022 100

50

0

Bozeman City

Greater Bozeman 2022

Belgrade 2021

Big Sky

2020

LAND TOTAL DOLLAR VOLUME SOLD (in Millions) YEAR/YEAR 2020-2022 75 52

48

50

34

25

17 6.9

0

25

2.1

16

5.9

Bozeman City

6.1

Greater Bozeman 2020

2.1

Belgrade 2021

2022

10

Big Sky


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®

TAMMY J ESKE

CARLA T HORNI NG

REAL T OR®

REAL T OR®

CANDICE W ILSON

OLIVIA CANNIZZO

ASSI ST ANT REAL T OR®

ASSI ST ANT REAL T OR®

ERIC KNOFF

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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