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Featured local agent — Bozeman, MT
Sarah Mitchell
Compass Real Estate · Bozeman, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Bozeman, MT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$626,875median sale price
How is the Bozeman, MT housing market right now?
The median home sale price in Bozeman, MT is $626,875, down 6.1% year-over-year. Homes sell in an average of 74 days with 319 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Bozeman a buyer's or seller's market?
Bozeman, MT is currently a leaning buyer's, based on 4.1 months of supply and homes selling in about 74 days. How we determine this →
Homes sold
78
Last 12 weeks
Days on market
74
Average pace
Active listings
319
4.1 months supply
Sale-to-list
—
Below asking
What does the Bozeman housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $626,875 |
| Median list price | $660,000 |
| Year-over-year price change | -6.1% |
| Average days on market | 74 days |
| Active inventory | 319 listings |
| Months of supply | 4.1 months |
| Median price per sq ft | $345/sq ft |
| Homes sold (latest month) | 78 |
| New listings (latest month) | 103 |
| Listings with a price cut | 17.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Bozeman by property type?
How the Bozeman, MT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $799,000 | $388/sq ft | 35 | 56 days |
| Condo / Co-op | $496,950 | $336/sq ft | 32 | 79 days |
| Townhouse | $533,000 | $337/sq ft | 10 | 96 days |
Source: Redfin · Updated monthly
The Bozeman housing market is currently classified as a leaning buyer's with a median sale price of $626,875. Prices have fallen 6.1% compared to last year, with homes spending an average of 74 days on market, indicating 4.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 9.2x provides context for how home values compare to local earning capacity.
Homes for sale in Bozeman
There are currently 319 homes listed for sale in Bozeman, Montana. The median listing price is $660K.
Active listings
319
Homes on market
Median list price
$660K
Avg. days on market
74
Days until sale
New this week
103
Newly listed
Who lives in Bozeman?
Population
55,042
Median income
$79,903/yr
Median age
28.6 years
Owner-occupied
44.6%
College grads
65.1%
Avg commute
15.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Bozeman?
Zillow home value
$733,959
Zillow rent index
$2,227/mo
Price-to-rent ratio
27.5x
Price-to-income
9.2x
Source: Zillow Research
What is it like to live in Bozeman?
Bozeman is a community of approximately 55K residents with a median age of 28.6 years.The median household income is $79,903, which reflects a relatively affluent area with strong earning potential. 65.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 44.6%, showing a blend of owner and renter-occupied properties. The average commute time is 15.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Bozeman offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Bozeman?
22 schools tracked · 8,395 students
The largest public schools serving Bozeman, MT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gallatin High School
Grades 9-12 · 1,479 students
Bozeman High School
Grades 9-12 · 1,265 students
Sacajawea Middle School
Grades 6-8 · 809 students
Chief Joseph Middle School
Grades 6-8 · 757 students
Hyalite Elementary
Grades PK-5 · 553 students
Emily Dickinson School
Grades PK-5 · 527 students
Meadowlark Elementary
Grades PK-5 · 511 students
Morning Star School
Grades PK-5 · 422 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Bozeman, MT?
Want a head-to-head view? Compare Bozeman side-by-side with any other U.S. city using our market-comparison tool.
Is Bozeman a good real estate investment market?
For investors evaluating Bozeman, the price-to-rent ratio of 27.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 6.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Bozeman's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Bozeman's median home price.
Frequently asked questions
What is the average home price in Bozeman?
The median home sale price in Bozeman is $626,875, down 6.1% from last year.
How long do homes stay on market in Bozeman?
Homes typically spend 74 days on market before going under contract.
What is the median income in Bozeman?
The median household income is $79,903 per year.
Is Bozeman a buyer's or seller's market?
With 4.1 months of supply, Bozeman is currently a leaning buyer's.
What is the Zillow home value estimate for Bozeman?
The Zillow Home Value Index (ZHVI) for Bozeman is $733,959, representing the typical home value in the area.
What is the median condo price in Bozeman?
The median condo/co-op sale price in Bozeman, MT is $496,950, compared to $799,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Bozeman?
The median single-family home price in Bozeman, MT is $799,000 (about $388 per square foot).
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