Bozeman Condominium
Market Report
A data-driven overview of current condominium market conditions in Bozeman, Montana. Built for buyers, sellers, investors, and anyone tracking the local real estate landscape.
Whether you're a buyer evaluating timing and affordability, a seller assessing pricing strategy, an investor tracking trends, or simply staying informed about local conditions, these insights are designed to help you make confident, well-informed decisions.
Real estate markets are dynamic and influenced by a variety of factors — from inventory levels and days on market to interest rates, economic shifts, and buyer/seller behavior. A single metric can tell part of the story, but the true picture emerges when we examine multiple data series together. Rising median prices might suggest a hot market, but when viewed alongside decreasing transaction volume, it reveals whether momentum is building, cooling, or stabilizing.
The charts and statistics below highlight the most relevant trends in Bozeman for Condominiums. We are here to help navigate these insights and answer any questions about how they apply to your specific goals.
Delger Real Estate provides some of the earliest and most reliable information on the Bozeman housing market through direct access to data from the Southwest Montana Multiple Listing Service and our proprietary market analytics platform. When reporting on what homes cost in Bozeman, our preferred measure is the median sale price. There is a specific, data-driven reason for that choice.
Why Median Price Is the Right Measure for Bozeman
The median price divides all recorded transactions into two equal groups: half of all sales occur below the median, and half occur above it. This makes it a far more stable and representative measure of what a typical buyer actually pays.
Bozeman is home to a significant number of high-end and luxury properties with estates, ranches, and mountain retreats that can command prices well into the millions. In any given month, just a handful of these transactions can dramatically inflate the average sale price, creating a misleading picture of the broader market. The median price is immune to this distortion, which is why it is the standard used by economists, appraisers, and serious real estate analysts.
Median Price
The middle value in a ranked list of all sale prices. 50% of homes sell for less, 50% sell for more. Not influenced by outliers. The preferred measure of real estate economists.
Average Price
The sum of all sale prices divided by the number of transactions. A single $10M ranch sale can raise the average by tens of thousands of dollars, misrepresenting what a typical buyer actually pays.
Current Market Statistics
A snapshot of active inventory and key pricing metrics for condominiums in Bozeman right now.
BOZEMAN REAL ESTATE MARKET STATISTICS
BOZEMAN
CONDOMINIUMS/TOWNHOMES
| ACTIVE LISTINGS: | 179 |
| AVERAGE PRICE: | $744,843 |
| AVERAGE PRICE/SQ FT: | $465 |
| AVG. DAYS ON MARKET: | 108 |
| MEDIAN PRICE: | $561,450 |
| MEDIAN PRICE/SQ FT: | $353 |
| MED. DAYS ON MARKET: | 79 |
Median Close Price Trends
Recent median close price history with year-over-year percent changes, showing how Bozeman's condominium market has moved through different economic cycles.
Median price · 2025
$515,000
↑ +1.98% from 2024
5-year range
$435k – $525k
Low 2021 · High 2022
Median close price · 5-year history
Year-over-year change
BOZEMAN REAL ESTATE MARKET STATISTICS
BOZEMAN
CONDOMINIUMS
| ACTIVE LISTINGS: | 177 |
| AVERAGE PRICE: | $746,294 |
| AVERAGE PRICE/SQ FT: | $463 |
| AVG. DAYS ON MARKET: | 106 |
| MEDIAN PRICE: | $579,838 |
| MEDIAN PRICE/SQ FT: | $353 |
| MED. DAYS ON MARKET: | 79 |
Bozeman Condominiums/Townhomes
Median Sale Price & Price Per Sq. Foot
Data loaded: 22 years found (9420 total transactions used).
Bozeman Condominiums/Townhomes
Total Sales Volume & Transaction Count
Loaded 22 years of data.
Bozeman Condominiums/Townhomes
Average % of Original List Price Received & Transaction Count
Loaded 22 years of data.