2023 Q4 Real Estate Market Update & Metrics

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REALESTATEMARKETUPDATE& METRICS


Key Metrics SW Montana Real Estate Q4 2023 SINGLE FAMILY AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2021-2023 100

90

75

72 67 60

56

49

50

43

39

27

37

46

34

29

27

27

24

19

0 Bozeman City

Greater Bozeman

Belgrade

Manhattan

2021

2022

Big Sky

Livingston City

2023

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2021-2023 6,000

4,400 3,900

4,000

2,530

2,000

694

804

737

899

997

1,200 575

553

587

775

735 477

445

489

509

0 Bozeman City

Greater Bozeman

Belgrade

2021

Manhattan

2022

Big Sky

Livingston City

Big Sky

Livingston City

2023

SINGLE FAMILY # LISTINGS SOLD Q4 YEAR/YEAR 2021-2023 200

100

0 Bozeman City

Greater

Belgrade

Manhattan

Bozeman

2023

2022

2021


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2021-2023 200 171

150 117 107

105

100 67

72

67

64

50

50 28

24

18

17 8.8

16

9.6

12

8

0 Bozeman City

Greater Bozeman

Belgrade

2021

Manhattan

2022

Big Sky

Livingston City

2023

CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2021-2023 150

116 104

100

62

50

45

41

45

42

30 22

22

16

15

14

15

22

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

Big Sky

Livingston

2023

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2021-2023 2,000 1,570

1,895

1,150

1,000 570 458

510

475

497 390

380

475

425

419 308

323

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

Big Sky

2023

Livingston


CONDO/TOWNHOME # LISTINGS SOLD Q4 YEAR/YEAR 2021-2023 200

100

0 Bozeman City

Greater Bozeman

Belgrade

2023

2022

Big Sky

Livingston

2021

CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2021-2023 150

102

100 80

75

50

51

47

41

10

13 4.6

2.9

7.6

7

4.2

0.839

2.8

0 Bozeman City

Greater Bozeman

Belgrade

2021

2022

Big Sky

Livingston

2023

LAND AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2021-2023 400

357

208

194

200

35

117

111

90

75

57 31

27

20

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

2023

Big Sky


LAND MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2021-2023 4,000

3,125

2,122

2,087

2,000

390

350

350

455

550

444

362 150

126

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

Big Sky

2023

LAND # LISTINGS SOLD Q4 YEAR/YEAR 2021-2023 100

50

0 Bozeman City

Greater Bozeman

2023

Belgrade

2022

Big Sky

2021

LAND TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2021-2023

100 80

50 32

16 3.8

5.5

6.9

10

6.4

3.7

4.5

8.3

0 Bozeman City

Greater Bozeman

2021

Belgrade

2022

2023

Big Sky

12


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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