BOZEMAN
MARKET WATCH MARCH 2018 Real Estate Market Statistics: Bozeman City Limits, Bozeman Outside City Limits, Belgrade, Greater Manhattan, Greater Three Forks, Greater Big Sky, West Yellowstone, Livingston, Gallatin County, Park County, Beaverhead County, Madison County, Jefferson County, Broadwater County, Sweet Grass County
Bozeman Brokerage
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Bozeman City Limits Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
72
71
- 1.4%
166
163
- 1.8%
Pending Sales
63
61
- 3.2%
134
148
+ 10.4%
Closed Sales
39
38
- 2.6%
94
109
+ 16.0%
Days on Market Until Sale
71
52
- 26.8%
80
55
- 31.3%
Median Sales Price*
$350,000
$401,500
+ 14.7%
$351,500
$425,000
+ 20.9%
Average Sales Price*
$384,906
$435,304
+ 13.1%
$408,221
$463,232
+ 13.5%
99.9%
99.9%
0.0%
99.9%
99.5%
- 0.4%
Inventory of Homes for Sale
119
94
- 21.0%
––
––
––
Months Supply of Inventory
2.4
1.9
- 20.8%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
43
47
+ 9.3%
125
105
- 16.0%
Pending Sales
42
45
+ 7.1%
113
112
- 0.9%
Closed Sales
29
38
+ 31.0%
80
83
+ 3.8%
Days on Market Until Sale
80
101
+ 26.3%
148
74
- 50.0%
Median Sales Price*
$259,900
$302,335
+ 16.3%
$277,140
$299,670
+ 8.1%
Average Sales Price*
$287,610
$382,993
+ 33.2%
$339,240
$372,275
+ 9.7%
99.4%
100.0%
+ 0.6%
99.8%
99.6%
- 0.2%
Inventory of Homes for Sale
56
78
+ 39.3%
––
––
––
Months Supply of Inventory
1.5
2.1
+ 40.0%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo Gallatin County Bozeman City Limits
$450,000
Rolling 12-Month Calculation
Gallatin County Bozeman City Limits
$300,000
$400,000 $250,000 $350,000
$300,000
$200,000
$250,000 $150,000 $200,000
$150,000 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Bozeman Areas Outside City Limits Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
54
50
- 7.4%
127
117
- 7.9%
Pending Sales
36
45
+ 25.0%
96
105
+ 9.4%
Closed Sales
40
31
- 22.5%
98
74
- 24.5%
Days on Market Until Sale
105
45
- 57.1%
105
60
- 42.9%
Median Sales Price*
$399,950
$430,000
+ 7.5%
$407,500
$459,437
+ 12.7%
Average Sales Price*
$549,748
$500,157
- 9.0%
$583,811
$553,259
- 5.2%
97.5%
98.9%
+ 1.4%
97.1%
98.2%
+ 1.1%
Inventory of Homes for Sale
148
112
- 24.3%
––
––
––
Months Supply of Inventory
3.8
3.2
- 15.8%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
11
9
- 18.2%
19
17
- 10.5%
Pending Sales
5
7
+ 40.0%
11
15
+ 36.4%
Closed Sales
3
6
+ 100.0%
10
14
+ 40.0%
Days on Market Until Sale
45
20
- 55.6%
95
35
- 63.2%
Median Sales Price*
$232,650
$264,800
+ 13.8%
$240,450
$277,450
+ 15.4%
Average Sales Price*
$230,217
$269,207
+ 16.9%
$285,805
$275,171
- 3.7%
98.1%
101.0%
+ 3.0%
97.6%
100.2%
+ 2.7%
Inventory of Homes for Sale
11
5
- 54.5%
––
––
––
Months Supply of Inventory
2.4
0.8
- 66.7%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo
Gallatin County Bozeman Areas Outside City Limits
Rolling 12-Month Calculation
$500,000
$400,000
$450,000
$350,000
$400,000
$300,000
$350,000
$250,000
$300,000
$200,000
$250,000
$150,000
$200,000
$100,000
$150,000 1-2003
Gallatin County Bozeman Areas Outside City Limits
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Belgrade Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
40
32
- 20.0%
90
84
- 6.7%
Pending Sales
39
30
- 23.1%
90
78
- 13.3%
Closed Sales
33
25
- 24.2%
69
58
- 15.9%
Days on Market Until Sale
60
45
- 25.0%
70
54
- 22.9%
Median Sales Price*
$286,900
$274,900
- 4.2%
$266,000
$280,050
+ 5.3%
Average Sales Price*
$301,137
$313,708
+ 4.2%
$297,851
$338,506
+ 13.6%
98.6%
98.3%
- 0.3%
98.3%
98.8%
+ 0.5%
Inventory of Homes for Sale
39
41
+ 5.1%
––
––
––
Months Supply of Inventory
1.4
1.4
0.0%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
8
17
+ 112.5%
21
29
+ 38.1%
Pending Sales
10
12
+ 20.0%
21
24
+ 14.3%
Closed Sales
4
7
+ 75.0%
10
11
+ 10.0%
Days on Market Until Sale
10
48
+ 380.0%
41
44
+ 7.3%
Median Sales Price*
$194,500
$210,000
+ 8.0%
$166,250
$210,000
+ 26.3%
Average Sales Price*
$182,250
$212,529
+ 16.6%
$167,620
$217,109
+ 29.5%
98.8%
99.4%
+ 0.6%
99.5%
99.0%
- 0.5%
Inventory of Homes for Sale
6
14
+ 133.3%
––
––
––
Months Supply of Inventory
0.8
1.9
+ 137.5%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Belgrade
$400,000
Rolling 12-Month Calculation
Gallatin County Belgrade
$300,000
$350,000
$250,000
$300,000 $200,000 $250,000 $150,000 $200,000 $100,000
$150,000
$100,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Greater Manhattan Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
10
5
- 50.0%
20
15
- 25.0%
Pending Sales
10
5
- 50.0%
19
19
0.0%
Closed Sales
4
6
+ 50.0%
9
14
+ 55.6%
Days on Market Until Sale
69
191
+ 176.8%
50
102
+ 104.0%
Median Sales Price*
$212,500
$474,450
+ 123.3%
$255,000
$390,578
+ 53.2%
Average Sales Price*
$321,000
$718,259
+ 123.8%
$325,667
$498,897
+ 53.2%
97.8%
99.9%
+ 2.1%
97.9%
99.3%
+ 1.4%
Inventory of Homes for Sale
19
17
- 10.5%
––
––
––
Months Supply of Inventory
3.2
3.4
+ 6.3%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
2
1
- 50.0%
3
1
- 66.7%
Pending Sales
1
1
0.0%
2
1
- 50.0%
Closed Sales
0
0
––
1
0
- 100.0%
Days on Market Until Sale
––
––
––
14
––
––
Median Sales Price*
––
––
––
$147,500
––
––
Average Sales Price*
––
––
––
$147,500
––
––
Percent of List Price Received*
––
––
––
92.8%
––
––
Inventory of Homes for Sale
1
0
- 100.0%
––
––
––
Months Supply of Inventory
0.5
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Greater Manhattan
Rolling 12-Month Calculation
$400,000
$300,000
$350,000
$250,000
$300,000
$200,000
$250,000
$150,000
$200,000
$100,000
$150,000
$50,000
$100,000 1-2003
Gallatin County Greater Manhattan
$0 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Greater Three Forks Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
7
4
- 42.9%
9
14
+ 55.6%
Pending Sales
1
4
+ 300.0%
5
11
+ 120.0%
Closed Sales
4
2
- 50.0%
6
8
+ 33.3%
190
91
- 52.1%
144
77
- 46.5%
Median Sales Price*
$160,700
$139,250
- 13.3%
$181,200
$256,000
+ 41.3%
Average Sales Price*
$173,700
$139,250
- 19.8%
$188,700
$255,331
+ 35.3%
97.5%
102.7%
+ 5.3%
97.6%
99.9%
+ 2.4%
Inventory of Homes for Sale
12
13
+ 8.3%
––
––
––
Months Supply of Inventory
3.4
3.3
- 2.9%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
0
0
––
0
1
––
Pending Sales
0
0
––
0
3
––
Closed Sales
0
1
––
0
4
––
Days on Market Until Sale
––
25
––
––
244
––
Median Sales Price*
––
$215,000
––
––
$215,000
––
Average Sales Price*
––
$215,000
––
––
$215,000
––
Percent of List Price Received*
––
100.0%
––
––
100.0%
––
Inventory of Homes for Sale
9
0
- 100.0%
––
––
––
Months Supply of Inventory
9.0
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo Gallatin County Greater Three Forks
$500,000
Rolling 12-Month Calculation
Gallatin County Greater Three Forks
$275,000
$250,000 $400,000 $225,000 $300,000
$200,000
$175,000
$200,000
$150,000 $100,000 $125,000
$0 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Greater Big Sky Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
11
8
- 27.3%
23
32
+ 39.1%
Pending Sales
9
10
+ 11.1%
17
32
+ 88.2%
Closed Sales
8
12
+ 50.0%
12
17
+ 41.7%
143
142
- 0.7%
160
159
- 0.6%
Median Sales Price*
$685,000
$1,150,000
+ 67.9%
$722,500
$1,425,000
+ 97.2%
Average Sales Price*
$856,611
$1,524,917
+ 78.0%
$1,150,241
$1,629,156
+ 41.6%
96.2%
98.2%
+ 2.1%
96.0%
98.5%
+ 2.6%
Inventory of Homes for Sale
82
63
- 23.2%
––
––
––
Months Supply of Inventory
13.5
8.1
- 40.0%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
27
17
- 37.0%
54
52
- 3.7%
Pending Sales
18
28
+ 55.6%
55
65
+ 18.2%
Closed Sales
15
15
0.0%
36
37
+ 2.8%
Days on Market Until Sale
242
101
- 58.3%
200
100
- 50.0%
Median Sales Price*
$493,000
$386,900
- 21.5%
$367,500
$335,500
- 8.7%
Average Sales Price*
$607,867
$445,253
- 26.8%
$480,860
$422,778
- 12.1%
95.7%
97.3%
+ 1.7%
95.4%
96.9%
+ 1.6%
Inventory of Homes for Sale
109
96
- 11.9%
––
––
––
Months Supply of Inventory
7.3
6.3
- 13.7%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Greater Big Sky
$2,000,000
Rolling 12-Month Calculation
Gallatin County Greater Big Sky
$600,000
$500,000 $1,500,000 $400,000
$1,000,000
$300,000
$200,000 $500,000 $100,000
$0 1-2003
$0 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
West Yellowstone Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
4
2
- 50.0%
8
5
- 37.5%
Pending Sales
3
5
+ 66.7%
5
7
+ 40.0%
Closed Sales
3
1
- 66.7%
3
3
0.0%
211
219
+ 3.8%
211
131
- 37.9%
Median Sales Price*
$396,000
$309,000
- 22.0%
$396,000
$175,000
- 55.8%
Average Sales Price*
$513,667
$309,000
- 39.8%
$513,667
$203,000
- 60.5%
96.0%
103.0%
+ 7.3%
96.0%
99.3%
+ 3.4%
Inventory of Homes for Sale
28
18
- 35.7%
––
––
––
Months Supply of Inventory
12.2
5.5
- 54.9%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
1
0
- 100.0%
1
0
- 100.0%
Pending Sales
1
0
- 100.0%
1
0
- 100.0%
Closed Sales
0
0
––
1
0
- 100.0%
Days on Market Until Sale
––
––
––
15
––
––
Median Sales Price*
––
––
––
$196,900
––
––
Average Sales Price*
––
––
––
$196,900
––
––
Percent of List Price Received*
––
––
––
98.9%
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County West Yellowstone
$400,000
Rolling 12-Month Calculation
Gallatin County West Yellowstone
$300,000
$350,000
$250,000
$300,000 $200,000 $250,000 $150,000 $200,000 $100,000
$150,000
$100,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Livingston City Limits Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
15
16
+ 6.7%
36
30
- 16.7%
Pending Sales
17
14
- 17.6%
45
25
- 44.4%
Closed Sales
10
15
+ 50.0%
24
25
+ 4.2%
Days on Market Until Sale
73
40
- 45.2%
76
36
- 52.6%
Median Sales Price*
$209,750
$265,000
+ 26.3%
$209,750
$254,700
+ 21.4%
Average Sales Price*
$221,800
$264,365
+ 19.2%
$224,459
$255,827
+ 14.0%
97.2%
98.3%
+ 1.1%
97.1%
96.7%
- 0.4%
Inventory of Homes for Sale
25
26
+ 4.0%
––
––
––
Months Supply of Inventory
2.1
2.3
+ 9.5%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
2
1
- 50.0%
3
6
+ 100.0%
Pending Sales
1
0
- 100.0%
1
6
+ 500.0%
Closed Sales
0
4
––
1
9
+ 800.0%
Days on Market Until Sale
––
22
––
76
38
- 50.0%
Median Sales Price*
––
$232,950
––
$148,000
$218,000
+ 47.3%
Average Sales Price*
––
$233,475
––
$148,000
$217,878
+ 47.2%
Percent of List Price Received*
––
99.2%
––
96.7%
97.1%
+ 0.4%
Inventory of Homes for Sale
8
6
- 25.0%
––
––
––
Months Supply of Inventory
5.3
1.8
- 66.0%
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo Gallatin County Livingston City Limits
$400,000
Rolling 12-Month Calculation
Gallatin County Livingston City Limits
$300,000
$350,000 $250,000 $300,000 $200,000
$250,000
$200,000
$150,000
$150,000 $100,000 $100,000
$50,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Gallatin County Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
195
171
- 12.3%
436
429
- 1.6%
Pending Sales
159
160
+ 0.6%
361
397
+ 10.0%
Closed Sales
130
113
- 13.1%
290
281
- 3.1%
Days on Market Until Sale
89
62
- 30.3%
91
64
- 29.7%
Median Sales Price*
$351,101
$399,000
+ 13.6%
$350,993
$410,000
+ 16.8%
Average Sales Price*
$435,327
$534,657
+ 22.8%
$464,918
$518,611
+ 11.5%
98.4%
99.2%
+ 0.8%
98.3%
99.0%
+ 0.7%
Inventory of Homes for Sale
438
351
- 19.9%
––
––
––
Months Supply of Inventory
3.3
2.7
- 18.2%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
92
91
- 1.1%
223
205
- 8.1%
Pending Sales
77
93
+ 20.8%
203
220
+ 8.4%
Closed Sales
51
67
+ 31.4%
138
149
+ 8.0%
Days on Market Until Sale
120
87
- 27.5%
148
79
- 46.6%
Median Sales Price*
$254,000
$288,000
+ 13.4%
$277,140
$288,000
+ 3.9%
Average Sales Price*
$370,164
$366,425
- 1.0%
$357,455
$360,015
+ 0.7%
98.2%
99.4%
+ 1.2%
98.4%
98.9%
+ 0.5%
Inventory of Homes for Sale
192
193
+ 0.5%
––
––
––
Months Supply of Inventory
2.9
2.9
0.0%
––
––
––
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County
$400,000
Rolling 12-Month Calculation
Gallatin County
$275,000
$250,000 $350,000 $225,000 $300,000
$200,000
$175,000
$250,000
$150,000 $200,000 $125,000
$150,000 1-2003
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Park County Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
27
18
- 33.3%
62
43
- 30.6%
Pending Sales
26
17
- 34.6%
61
34
- 44.3%
Closed Sales
21
19
- 9.5%
38
36
- 5.3%
Days on Market Until Sale
117
54
- 53.8%
99
70
- 29.3%
Median Sales Price*
$265,000
$280,000
+ 5.7%
$231,250
$275,000
+ 18.9%
Average Sales Price*
$314,579
$290,551
- 7.6%
$272,796
$318,269
+ 16.7%
96.3%
97.4%
+ 1.1%
96.6%
95.5%
- 1.1%
Inventory of Homes for Sale
64
57
- 10.9%
––
––
––
Months Supply of Inventory
3.6
3.5
- 2.8%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
2
1
- 50.0%
5
7
+ 40.0%
Pending Sales
1
0
- 100.0%
1
6
+ 500.0%
Closed Sales
0
4
––
1
9
+ 800.0%
Days on Market Until Sale
––
22
––
76
38
- 50.0%
Median Sales Price*
––
$232,950
––
$148,000
$218,000
+ 47.3%
Average Sales Price*
––
$233,475
––
$148,000
$217,878
+ 47.2%
Percent of List Price Received*
––
99.2%
––
96.7%
97.1%
+ 0.4%
Inventory of Homes for Sale
11
7
- 36.4%
––
––
––
Months Supply of Inventory
7.3
2.0
- 72.6%
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Park County
$400,000
Rolling 12-Month Calculation
Gallatin County Park County
$300,000
$350,000 $250,000 $300,000 $200,000
$250,000
$200,000
$150,000
$150,000 $100,000 $100,000
$50,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Beaverhead County Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
12
11
- 8.3%
27
30
+ 11.1%
Pending Sales
10
17
+ 70.0%
21
22
+ 4.8%
Closed Sales
10
4
- 60.0%
18
10
- 44.4%
Days on Market Until Sale
86
101
+ 17.4%
125
93
- 25.6%
Median Sales Price*
$168,250
$116,500
- 30.8%
$154,200
$181,750
+ 17.9%
Average Sales Price*
$166,145
$108,600
- 34.6%
$163,069
$181,940
+ 11.6%
94.0%
89.4%
- 4.9%
93.5%
91.7%
- 1.9%
Inventory of Homes for Sale
51
44
- 13.7%
––
––
––
Months Supply of Inventory
6.5
6.1
- 6.2%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
1
0
- 100.0%
2
0
- 100.0%
Pending Sales
1
0
- 100.0%
1
0
- 100.0%
Closed Sales
0
0
––
0
0
––
Days on Market Until Sale
––
––
––
––
––
––
Median Sales Price*
––
––
––
––
––
––
Average Sales Price*
––
––
––
––
––
––
Percent of List Price Received*
––
––
––
––
––
––
Inventory of Homes for Sale
1
3
+ 200.0%
––
––
––
Months Supply of Inventory
0.6
3.0
+ 400.0%
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo Gallatin County Beaverhead County
$400,000
Rolling 12-Month Calculation
Gallatin County Beaverhead County
$300,000
$350,000 $250,000 $300,000 $200,000
$250,000
$200,000
$150,000
$150,000 $100,000 $100,000
$50,000 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Madison County Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
16
18
+ 12.5%
39
46
+ 17.9%
Pending Sales
5
12
+ 140.0%
23
26
+ 13.0%
Closed Sales
8
8
0.0%
15
21
+ 40.0%
138
136
- 1.4%
109
115
+ 5.5%
Median Sales Price*
$301,500
$279,500
- 7.3%
$271,000
$339,000
+ 25.1%
Average Sales Price*
$308,438
$393,375
+ 27.5%
$274,133
$385,290
+ 40.5%
94.4%
99.4%
+ 5.3%
93.5%
97.4%
+ 4.2%
Inventory of Homes for Sale
114
99
- 13.2%
––
––
––
Months Supply of Inventory
12.0
10.2
- 15.0%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
0
0
––
0
1
––
Pending Sales
0
0
––
1
0
- 100.0%
Closed Sales
1
0
- 100.0%
1
0
- 100.0%
232
––
––
232
––
––
Median Sales Price*
$225,000
––
––
$225,000
––
––
Average Sales Price*
$225,000
––
––
$225,000
––
––
90.0%
––
––
90.0%
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
Days on Market Until Sale
Percent of List Price Received*
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Madison County
Rolling 12-Month Calculation
$500,000
$300,000
$400,000
$250,000
$300,000
$200,000
$200,000
$150,000
$100,000
$100,000
$0 1-2003
Gallatin County Madison County
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Jefferson County Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
7
7
0.0%
12
14
+ 16.7%
Pending Sales
2
5
+ 150.0%
6
8
+ 33.3%
Closed Sales
1
2
+ 100.0%
3
8
+ 166.7%
232
59
- 74.6%
158
163
+ 3.2%
Median Sales Price*
$305,000
$312,500
+ 2.5%
$305,000
$282,500
- 7.4%
Average Sales Price*
$305,000
$312,500
+ 2.5%
$314,667
$262,375
- 16.6%
91.0%
95.6%
+ 5.1%
88.3%
94.9%
+ 7.5%
Inventory of Homes for Sale
25
22
- 12.0%
––
––
––
Months Supply of Inventory
7.6
5.9
- 22.4%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
0
0
––
0
0
––
Pending Sales
0
0
––
0
0
––
Closed Sales
0
0
––
0
0
––
Days on Market Until Sale
––
––
––
––
––
––
Median Sales Price*
––
––
––
––
––
––
Average Sales Price*
––
––
––
––
––
––
Percent of List Price Received*
––
––
––
––
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Jefferson County
Rolling 12-Month Calculation
$400,000
$275,000
$350,000
$250,000
$300,000
$225,000
$250,000
$200,000
$200,000
$175,000
$150,000
$150,000
$100,000
$125,000
$50,000 1-2003
Gallatin County Jefferson County
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Broadwater County Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
9
4
- 55.6%
22
15
- 31.8%
Pending Sales
7
4
- 42.9%
13
8
- 38.5%
Closed Sales
4
1
- 75.0%
6
6
0.0%
Days on Market Until Sale
88
0
- 100.0%
182
19
- 89.6%
Median Sales Price*
$185,000
$285,000
+ 54.1%
$185,000
$254,500
+ 37.6%
Average Sales Price*
$192,500
$285,000
+ 48.1%
$207,300
$253,550
+ 22.3%
95.9%
100.0%
+ 4.3%
96.7%
100.8%
+ 4.2%
Inventory of Homes for Sale
23
14
- 39.1%
––
––
––
Months Supply of Inventory
6.9
3.9
- 43.5%
––
––
––
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
0
0
––
0
0
––
Pending Sales
0
0
––
0
0
––
Closed Sales
0
0
––
0
0
––
Days on Market Until Sale
––
––
––
––
––
––
Median Sales Price*
––
––
––
––
––
––
Average Sales Price*
––
––
––
––
––
––
Percent of List Price Received*
––
––
––
––
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family
Median Sales Price - Condo
Rolling 12-Month Calculation
Gallatin County Broadwater County
Rolling 12-Month Calculation
$400,000
$275,000
$350,000
$250,000
$300,000
$225,000
$250,000
$200,000
$200,000
$175,000
$150,000
$150,000
$100,000
$125,000
$50,000 1-2003
Gallatin County Broadwater County
$100,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.
Local Market Update – March 2018 This is a research tool provided by the Big Sky Country MLS
Sweet Grass County Single Family
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
4
7
+ 75.0%
14
8
- 42.9%
Pending Sales
2
2
0.0%
5
3
- 40.0%
Closed Sales
2
0
- 100.0%
6
5
- 16.7%
349
––
––
277
260
- 6.1%
Median Sales Price*
$125,000
––
––
$212,500
$275,000
+ 29.4%
Average Sales Price*
$125,000
––
––
$210,167
$326,000
+ 55.1%
87.5%
––
––
90.4%
91.3%
+ 1.0%
Inventory of Homes for Sale
35
20
- 42.9%
––
––
––
Months Supply of Inventory
11.1
6.3
- 43.2%
––
––
––
Days on Market Until Sale
Percent of List Price Received*
Condo/Townhouse
March
Year to Date
Key Metrics
2017
2018
% Change
Thru 3-2017
Thru 3-2018
% Change
New Listings
0
0
––
0
0
––
Pending Sales
0
0
––
0
0
––
Closed Sales
0
0
––
1
0
- 100.0%
Days on Market Until Sale
––
––
––
59
––
––
Median Sales Price*
––
––
––
$108,500
––
––
Average Sales Price*
––
––
––
$108,500
––
––
Percent of List Price Received*
––
––
––
96.4%
––
––
Inventory of Homes for Sale
0
0
––
––
––
––
Months Supply of Inventory
––
––
––
––
––
––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
Median Sales Price - Single Family Rolling 12-Month Calculation
Median Sales Price - Condo Gallatin County Sweet Grass County
$600,000
Rolling 12-Month Calculation
Gallatin County Sweet Grass County
$300,000
$500,000
$250,000
$400,000 $200,000 $300,000 $150,000 $200,000 $100,000
$100,000
$0 1-2003
$50,000 1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
1-2003
1-2005
1-2007
1-2009
1-2011
1-2013
1-2015
1-2017
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point. Current as of April 10, 2018. All data from Big Sky Country Multiple Listing Service®. Report © 2018 ShowingTime.