Big Sky 2025 2nd Quarter Market Report

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2ND QUARTER MARKET REPORT

2025 · Big Sky, Montana

JACKIE MILLER Broker jackie@purewestproperties.com 406-539-5003

WILLIAM FEHER Associate william@cascaderidge.com 406-600-0275

SANDY REVISKY DE LEON Broker sandy@ownbigsky.com 406-539-6316

BRENNA KELLEHER Associate brennakelleher@gmail.com 406-581-3361

MICHAEL THOMAS Broker michael.bigsky@gmail.com 406-581-2400

KIRSTEN KING Associate kking@investbigsky.com 406-599-8850

MARY WHEELER Broker

mwheelerbigsky@gmail.com

406.539.1745

JOSH STEVENS Associate joshuastevens@purewestmt.com 406-600-7641

MARKET UPDATE • QUICK STATS

1st - June 30th

Gross Volume

A side-by-side comparison of all real estate sales in Big Sky, Montana from January 1st through June 30th in 2023, 2024, and 2025 *Excludes Yellowstone Club sales

$363,961,393 $3,278,931 $1,595,000 96.8%

$335,000 $17,000,000

COMPARED BY PROPERTY TYPE

Comparison of real estate sales by property type in Big Sky, Montana from January 1st through June 30th in 2023, 2024, and 2025. Property types included are Single Family Homes, Condominiums, and Land.

$109,991,160 12 4 4 $5,449,558 $4,775,000 120 $1,352.98 $1,259.16 $1,210,000 $17,000,000

50 $129,295,777 30 20$2,585,916 $2,010,000 126 $1,013.41 $903.92 $320,000 $6,500,000 66 $253,190,765 48 18$3,396,459 $2,119,444 110 $1,157.38 $915.54 $360,000 $9,375,000

2024 66 $216,240,133 42 24$3,276,366 $1,540,000 203 $1,713.13 $863.80 $380,000 $14,914,801 2025 11 $29,463,500 6 1 4 $2,678,500 $1,485,000 75$375,000 $6,300,000 17 $47,141,500 8 4 5 $2,349,500 $1,500,000 229$490,000 $9,375,000 LAND

15 $27,446,500 9 6$1,829,767 $1,350,000 268$392,500 $5,000,000 2025

Yellowstone

MOUNTAIN, MEADOW, AND CANYON • QUICK STATS

A side-by-side comparison of all real estate sales outside of Moonlight Basin & Spanish Peaks from January 1st through June 30th in 2022, 2023, 2024, and 2025.

2025 73 $117,863,100 $1,614,563 $945,000 96.3% 146 $736.73 $335,000 $9,250,000

Yellowstone Club sales

MOONLIGHT & SPANISH PEAKS MOUNTAIN CLUB • QUICK STATS

A side-by-side comparison of all real estate sales in Club Properties from January 1st through June 30th in 2022, 2023, 2024, and 2025.

$246,098,293 $6,476,271 $5,000,000 97.7%

$1,961.06 $1,350,000 $17,000,000

11 SPEAKING EAGLE

5 Beds, 5 Baths | 4,600 SF | 1.29 Acres

$6,595,000

MLS# 401845

Alpine escape in the heart of Big Sky Mountain Village with breathtaking mountain views, luxury finishes, and unmatched ski access.

7 LOWER CASCADE RIDGE RD #103

6 Beds, 6.5 Baths | 4,554 SF

$4,998,000

MLS# 397882

Breathtaking condo in Cascade Ridge, backed by open space offering ski-in/ski-out access and panoramic views of the Spanish Peaks.

18 UPPER CASCADE RIDGE ROAD

5 Beds, 5.5 Baths | 3,157 SF

$4,175,000

MLS# 402842

Rare opportunity to own a premier ski-in/ski-out residence in the gated community of Cascade Ridge with panoramic mountain views.

809

BUCKRIDGE TRAIL

5 Beds, 4.5 Baths | 5,094 SF | 19.66 Acres

$6,400,000

MLS# 393705

Stunning home offering unparalleled access to outdoor adventures, with private access to the National Forest for Buck Ridge ranch owners.

170 HYALITE DRIVE

5 Beds, 5.5 Baths | 5,451 SF | 39.95 Acres

$4,995,000

MLS# 402039

Luxury log home on a rare double-sized lot in Big Sky's Elk Ridge Ranch. Minutes to Big Sky Town Center and the iconic Gallatin River.

48500 GALLATIN ROAD

5 Beds, 4 Baths | 2,787 SF | 1.34 Acres

$3,995,000

MLS# 402012

Unparalleled spring creek living from the main house, guest house, and trappers cabin. Private Gallatin River access; borders National Forest.

45 CUTTHROAT TROUT

5 Beds, 4.5 Baths | 4,808 SF | 0.39 Acres

$2,850,000

MLS# 402069

A private retreat like no other right in the heart of Big Sky tucked away at the end of a peaceful cul-de-sac set on a beautifully landscaped lot.

450 KARST STAGE LOOP

1.05 Acres

$2,150,000

MLS# 393744

Prime Gallatin River frontage with all infrastructure ready for your dream home. Existing turnkey guest quarters above heated garage and shop.

55 MEADOW CENTER DRIVE #1

2,039 SF

$1,495,000

MLS# 397015

This iconic space is located on most of the main level of the Post Office condominium building in the heart of the Meadow Village Center.

22 MOOSE RIDGE ROAD UNIT #3

3 Beds, 2 Baths | 1,454 SF

$2,400,000

MLS# 398900

Ski-in/ski-out to this beautiful cabin nestled in the trees with White Otter lift right out your back door. Numerous upgrades, including a new roof.

35 A HEAVY RUNNER ROAD

3 Beds, 3 Baths | 1,844 SF

$1,700,000

MLS# 403094

Immaculate and turn-key, this impressive Alpenglow condo with attached garage has been recently upgraded with high-end finishes.

60 BIG SKY RESORT ROAD #10409

1-Bed, 2 Baths | 1,003 SF | Summit Tri-Hull

$995,000

MLS# 390629

Centrally situated in the base area with 2 heated bubble high speed lifts right out the door. Two separate lock-off options offer rental flexibility.

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