Market Intelligence Report — MT-580

Bozeman, MT

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MT-09
As of the latest 2026 data
Cooling

Median Listing

$955K
+6.4% YoY

Pending Ratio

0.29
+3.8% YoY

Active Inventory

840
-5.2% YoY

Median DOM

74 Days
-4.5% YoY

Primary Intelligence Tool — Sold Score™

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The Bozeman market is currently classified as Cooling, with a pending ratio of 0.29 indicating that demand absorption is moderate relative to available supply. While median listing prices show a 6.4% increase over the past year, this is occurring within a market that exhibits a slower pace of transaction. Active listings have declined by 5.2% year-over-year.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

2.0%-0.4 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

Data not yet available.

Shows whether the area is gaining or losing potential housing demand.

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Bozeman market right now.

Inventory dynamics indicate a contraction in active listings by 5.2% over the past year, while new listings have increased by 17.1% during the same period. The median days on market has seen a slight acceleration, contracting by 4.5% year-over-year, suggesting some transactional velocity. Median listing prices continue to appreciate at 6.4% year-over-year, despite a marginal monthly decline of 0.4%.

Historical Analysis

Market Trends

Median Price

$955K-0.4% MoM

Active Inventory

840-5.2% YoY

Days on Market

74-4.5% YoY

Sold Score™

43+3.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

43
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market pace reflects a less urgent environment for transactions, characterized by a pending ratio of 0.29. With active listings contracting over the past year, there is some pressure on available supply, yet the overall market condition suggests that price discipline may be increasingly important for successful absorption. The increase in new listings indicates a continued replenishment of options for prospective buyers.

Luxury Segment

In the higher price tiers, the average listing price shows a 7.6% year-over-year increase, outpacing the 6.4% increase in the median listing price. This indicates a sustained, albeit potentially more measured, valuation at the upper end of the market. Median price per square foot has increased by 3.4% over the past year.

Supply Dynamics

840 active listings represent the current floor, with new supply arriving at roughly 192 per month.

Pricing Pressure
15.6%

of active listings carry a price reduction, -2.3% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.4% year-over-year.

Absorption
0.29

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Bozeman, MT? Homes here are taking 4 days less to sell than last year.

Buyers have leverage in Bozeman, MT. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
29%
Median Days on Market
74 days
Inventory YoY
−5%

In a buyer's market, strategy beats timing. See how your home scores in Bozeman, MT and what moves the number.

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Metro Demographics

Metro Area
Bozeman, MT
CBSA Code
14580
State
MT

ZIPs in Bozeman, MT

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Bozeman?+

    As of the latest 2026 data, the Bozeman metro is classified as Cooling. Pending ratio is 0.29 with median days on market at 74.

  • Are home prices dropping in Bozeman?+

    Median listing price is $955K, +6.4% year over year. 15.6% of active listings carry a price reduction.

  • How fast are homes selling in Bozeman?+

    The typical listing sits 74 days on market, a -4.5% change YoY. New listings are arriving at 192 per month.

  • What's happening in the Bozeman luxury market?+

    In the higher price tiers, the average listing price shows a 7.6% year-over-year increase, outpacing the 6.4% increase in the median listing price. This indicates a sustained, albeit potentially more measured, valuation at the upper end of the market. Median price per square foot has increased by 3.4% over the past year.

  • Where can I find a trusted Bozeman real estate expert?+

    Primpted maintains a vetted registry of Bozeman agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 14580 · 36mo history