2023 Q4 Luxury Real Estate Market Update

Page 1

REALESTATEMARKETUPDATE& METRICS HIGH END & L UXURY MARKET

®


Key Metrics SW Montana Real Estate Q4 2023 $1-1.5M HIGH END SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2021-2023 100

67

71

66

61

50 24

21 7 0

0

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2021-2023 1,500 1,158

1,235

1,250

1,275

1,275 1,200

1,175

1,000

500

0

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY # LISTINGS SOLD Q4 YEAR/YEAR 2021-2023 40

20

0 Bozeman City

Greater Bozeman

2023

2022

2021

Big Sky

0


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2021-2023 30 29

19

20 17

17 15

15

10

1.2

0

0 Bozeman City

Greater Bozeman

2021

2022

2023

Big Sky

0


Key Metrics SW Montana Real Estate Q4 2023 $1.5M+ LUXURY SINGLE FAMILY SINGLE FAMILY AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2021-2023 400

272

200

83

69

62

52

75

90

51

34

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2021-2023 5,000

4,475

3,900

2,530

2,500

2,040 1,599

1,600

2,150

1,937

1,702

0 Bozeman City

Greater Bozeman

2021

2022

Big Sky

2023

SINGLE FAMILY # LISTINGS SOLD Q4 YEAR/YEAR 2021-2023 50

25

0 Bozeman City

Greater Bozeman

2023

2022

2021

Big Sky


SINGLE FAMILY TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2021-2023 100 98

75

71

71

56 50

50

25

18 11 6.8

5.2

0 Bozeman City

Greater Bozeman

2021

2022

2023

Big Sky


Key Metrics SW Montana Real Estate Q4 2023 $1-1.5M HIGH END CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2021-2023 200 184

118

100

118

75

14 1

0 Bozeman City

Big Sky

2021

2022

2023

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

1,500 1,350 1,186

1,150

1,205 1,049

1,000

0 Bozeman City

Big Sky

2021

2022

2023

CONDO/TOWNHOME # LISTINGS SOLD Q4 YEAR/YEAR 2021-2023 20

10

0 Bozeman City

Big Sky

2023

2022

2021


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2021-2023 30

24

20

10

5 3.5

3.4 1.5

1.2

Bozeman City

Big Sky

0

2021

2022

2023


Key Metrics SW Montana Real Estate Q4 2023 $1.5M+ LUXURY CONDOS/TOWNHOMES CONDO/TOWNHOME AVERAGE DAYS ON MARKET Q4 YEAR/YEAR 2021-2023 200 161

89

100 67 47

40

3

0 Bozeman City

Big Sky

2021

2022

2023

CONDO/TOWNHOME MEDIAN SALES PRICE (IN 1000s) Q4 YEAR/YEAR 2021-2023 4,000 3,023 3,450 2,600

2,000

1,795

2,475

1,745

0 Bozeman City

Big Sky

2021

2022

2023

CONDO/TOWNHOME # LISTINGS SOLD Q4 YEAR/YEAR 2021-2023 40

20

0 Bozeman City

Big Sky

2023

2022

2021


CONDO/TOWNHOME TOTAL DOLLAR VOLUME SOLD (in Millions) Q4 YEAR/YEAR 2021-2023 100

78

75

70 59

50

25

8.6

7.4 2.6

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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