Market Intelligence Report — MT-580

Bozeman, MT

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

Ref. No: 2026-MT-08
As of the latest 2026 data
Cooling

Median Listing

$958K
+6.6% YoY

Pending Ratio

0.29
+4.8% YoY

Active Inventory

903
-2.5% YoY

Median DOM

63 Days
-3.1% YoY

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The Bozeman, MT market is currently Cooling, primarily driven by a pending ratio of 0.29, indicating demand absorption is lagging inventory. Despite a slight year-over-year contraction in active listings by 2.5%, the overall market activity suggests a deceleration.

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

2.2%-0.1 pp YoY

Unemployment rate · Jul 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.

Active listings have shown a modest year-over-year decrease of 2.5%, while new listings also declined by 5.5% over the past year. The median listing price saw a 6.6% increase over the past year, though it experienced a 0.9% month-over-month decrease. The pending ratio, at 0.29, reflects a market where the pace of new pending transactions is notably slower relative to available supply, despite a 4.8% increase in the ratio year-over-year from a low base.

Historical Analysis

Market Trends

Median Price

$958K-0.9% MoM

Active Inventory

903-2.5% YoY

Days on Market

63-3.1% YoY

Sold Score™

46+4.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

46
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

With a pending ratio of 0.29, inventory pressure is elevated, suggesting that properties are taking longer to move from active to pending status. This environment generally affords more time for evaluation and negotiation, requiring sellers to exercise greater price discipline to attract interest. The pace of transactions is slower, influencing overall market velocity.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

903 active listings represent the current floor, with new supply arriving at roughly 208 per month.

Pricing Pressure
16.8%

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

$/Sq Ft
$0K

Median price per square foot has moved +1.1% year-over-year.

Absorption
0.29

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Bozeman, MT? Buyer Demand Index is running at 29%.

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
63 days
Inventory YoY
−2%

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