ANNUAL MARKET TRENDS 2023 · Southwest Montana
CONTENTS
03
Gallatin County
04
Madison County
05
Park County
06
Belgrade | Manhattan
07
Big Sky
08
Bozeman
09
Ennis
10
PureWest Locations
The foregoing information was obtained from the Big Sky Country MLS and while deemed reliable is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation.
GALLATIN COUNTY sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
2023
3.31%
$3,000,001 and up
2022
8.05%
$1,500,001 - $3,000,000
24.16%
$800,001 - $1,500,000
2617
2020
20.96%
$250,001 - $500,000
1804
2021 38.77%
$500,001 - $800,000
2940
2019
4.75%
Under $250k
1621
2342
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND $946,637
$962,416
$692,500
$698,500
$732,380
$675,568
$709,811
$808,391 $607,671
AVERAGE MEDIAN
$495,994
$318,946
$590,000 $395,000
2019
$347,913
AVERAGE
$349,950
$435,000
MEDIAN 2020
2021
2022
2023
TOTAL GROSS* sales volume
$229,000
2020
AVERAGE DAYS ON MARKET
2022: 27 days
2021
2022
2023
119 days 2022: 86 days
$2,565,978,027
GALLATIN COUNTY
$1,924,754,077
$1,990,805,488
$1,738,239,584
$1,318,796,834
2019
$432,500
$155,000
2019
47 days
AVERAGE DAYS ON MARKET
$385,000
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
MADISON COUNTY sold properties - 2023 2023 closed RESIDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$3,000,001 and up
2023
14.64%
2022
6.79%
$1,500,001 - $3,000,000
166
$800,001 - $1,500,000
13.21%
$500,001 - $800,000
13.21%
221
2021
$250,001 - $500,000
2020
24.29%
327
2019
27.86%
Under $250k
363
256
AVERAGE & MEDIAN sales price
R E S IDEN TIA L
LAND
$1,687,378
$587,297
$1,390,292
$453,891
$1,284,652
$470,688
$1,134,837 $868,056
$279,548
AVERAGE
MEDIAN
$597,500
$625,000
$669,000
AVERAGE
$797,250
$396,000
2019
MEDIAN 2020
AVERAGE DAYS ON MARKET
2021
2022
2023
102 days
MADISON COUNTY
$199,000
$190,000
2022
2023
$140,000 $70,500
$82,500
2019
2020
AVERAGE DAYS ON MARKET
2022: 90 days
TOTAL GROSS* sales volume
$209,722
2021
131 days 2022: 76 days
$565,000,529 $491,915,723 $389,488,424
$346,469,272
$269,507,364
2019
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
PARK COUNTY sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$3,000,001 and up
1.50%
2023
$1,500,001 - $3,000,000
2.25%
2022
$800,001 - $1,500,000
11.24%
279
2021 27.34%
$500,001 - $800,000 $250,001 - $500,000
397
2020
48.69%
381
2019
8.99%
Under $250k
219
279
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND
$715,149
$768,184 $495,736
$606,913
AVERAGE
$457,753
$582,464
$464,714 $499,000
$485,000
AVERAGE
$415,000
MEDIAN
$310,000
2019
$351,000
2020
MEDIAN 2021
2022
2023
PARK COUNTY
$252,602
$340,000
$188,152
$144,250
2020
AVERAGE DAYS ON MARKET
2022: 41 days
TOTAL GROSS* sales volume
$120,000
2019
65 days
AVERAGE DAYS ON MARKET
$214,351
$288,050 $174,500
2021
2022
107 days 2022: 91 days
$247,643,667 $215,891,883
$198,306,194
$161,886,700 $132,006,088
2019
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
BELGRADE | MANHAT TAN sold properties - 2023 2023 closed RESIDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$3,000,001 and up
2023
0.86%
$1,500,001 - $3,000,000 $800,001 - $1,500,000
2022
3.00% 10.92%
456
2021
$500,001 - $800,000
44.33%
$250,001 - $500,000 Under $250k
385
554
2020
34.26%
636
2019
6.64%
553
AVERAGE & MEDIAN sales price
R E S IDEN TIA L
LAND $911,036
$655,550
$635,029
$755,802
$579,124 $576,569
$391,161
AVERAGE MEDIAN
$359,758
$320,000
2019
$539,686
$540,000
$356,207
AVERAGE
$475,000
MEDIAN
$342,450
2020
AVERAGE DAYS ON MARKET
2022
2021
2023
$392,291
$113,750
2019
41 days
$340,509
$133,750
2020
AVERAGE DAYS ON MARKET
2022: 24 days
$190,000
2021
2022
163 days 2022: 100 days
TOTAL GROSS* sales volume
BELGRADE | MANHATTAN
$478,553,046 $352,114,182
$327,917,984
$306,461,801
$261,207,436
2019
2020
2021
2022
$420,660
2023
Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
BIG SKY sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$800,001 - $1,500,000
19.55%
Under $250k
205
2021
10.06%
$500,001 - $800,000
157
2022
25.14%
$1,500,001 - $3,000,000
$250,001 - $500,000
2023
39.66%
$3,000,001 and up
355
2020
4.47%
374
2019
1.12%
263
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND $3,039,423
$2,173,696
$2,512,690
$1,707,489
$1,813,832
$2,345,000
$1,620,371 $1,954,854
$1,118,632 $1,100,000
MEDIAN
$1,534,854
$887,024
AVERAGE
$1,200,000
AVERAGE
$699,000
2019
MEDIAN 2020
AVERAGE DAYS ON MARKET
TOTAL GROSS* sales volume BIG SKY
2021
$1,827,688
2022
2023
$850,000 $415,000
2019
112 days
$537,500
2020
AVERAGE DAYS ON MARKET
2022: 88 days
2021
2022
101 days 2022: 130 days
$901,146,708 $733,981,370 $558,716,524
$538,052,867
$361,752,529
2019
$1,380,000
$617,040
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
BOZEMAN sold properties - 2023 2023 closed R ES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$3,000,001 and up
2023
1.76%
$1,500,001 - $3,000,000
2022
7.10% 28.18%
$800,001 - $1,500,000
1645
2020
21.74%
$250,001 - $500,000
1145
2021 39.17%
$500,001 - $800,000
Under $250k
1241
1794
2019
2.05%
1477
AVERAGE & MEDIAN sales price
R E S IDEN TIA L
LAND
$1,241,100 $753,567
$937,221 $773,928
$651,435 $696,942
$944,000
$587,812
AVERAGE MEDIAN
$579,000
$735,620
$506,696 $625,000 $421,000
AVERAGE
$311,212
$322,301 $369,900
$470,250
2019
MEDIAN 2020
AVERAGE DAYS ON MARKET
TOTAL GROSS* sales volume BOZEMAN
2021
2022
2023
$165,000
2019
55 days
$220,000
2020
AVERAGE DAYS ON MARKET
2022: 33 days
2021
2022
88 days 2022: 97 days
$1,434,909,545 $1,228,639,910
$1,185,586,719
$1,077,510,506
$830,871,072
2019
$810,261
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
ENNIS sold properties - 2023 2023 closed RES IDEN TIA L transactions
RESI D ENTI AL units sold
BY PRICE POINT
$1,500,001 and up
2023
3.66%
$800,001 - $1,500,000
2022
21.95%
$500,001 - $800,000
41 60
2021
12.20%
$250,001 - $500,000
24.39%
Under $250k
37.80%
90
2020
61
2019
60
AVERAGE & MEDIAN sales price R E S IDEN TIA L
LAND $263,540
$723,384 $585,734
$227,480
$774,075 $153,483
$606,059 $695,000
$175,000 $93,420
$486,268
AVERAGE $500,000
MEDIAN
$428,750 $349,200
2020
2019
AVERAGE DAYS ON MARKET
2021
2022
AVERAGE
$64,369
MEDIAN
$50,450
2023
2019
92 days
$121,500 $66,250
2020
AVERAGE DAYS ON MARKET
2022: 46 days
TOTAL GROSS* sales volume
$208,000
$737,160
2021
2022
147 days 2022: 60 days
$76,257,905
ENNIS
$63,303,000 $48,629,908 $39,550,275
$35,818,000
2019
2020
2021
2022
2023
Statistics compiled using residential and land sales reported as in the Big Sky Country MLS database for the date ranges of 1/1/2019 - 12/31/2019 through 1/1/2023 - 12/31/2023, and while deemed reliable, this information is not guaranteed. If you are currently working with another agent, this is not intended to be a solicitation. *Residential and Land only.
2023
S OU THW E ST L O CATIO N S BIG SKY
B OZE MAN
88 Ousel Falls Road, Suite B Big Sky, MT 59716 406.995.4009
708 N. Rouse Avenue Bozeman, MT 59715 406.586.9418
E NNIS 222 E. Main Street, Suite 1A Ennis, MT 59729 406.682.4200
P U R E W E S T R E A L E S TAT E . C O M