median sold price is not available in the provided metrics, so a representative recent transaction price cannot be stated; this absence limits definitive conclusions about realized market value and requires caution when comparing asking prices to closed sales.

price year-over-year trend: down — the market shows a down YoY trajectory, indicating softening in transaction-level pricing (HIGH/MEDIUM confidence) and suggesting sellers should expect more price negotiation than in prior periods.

median days on market: 177 signals slower sales velocity, which, together with reported inventory behavior, may indicate elevated inventory relative to sales activity and greater time required to achieve contract ratification.

median listing price: 1,836,321, median price per square foot: 562, and median market rent: 1,995 present the current listing/rental snapshot; without a median sold price these listing-level metrics may overstate realized values and should be used cautiously when pricing or underwriting.

market temperature: neutral and interest rate pressure: elevated — Current market rates for 30-year fixed mortgages in Bozeman, MT are 6.3%, which is 0.46% lower than the 6.76% average observed in this market one year ago; the neutral market temperature combined with elevated rate pressure suggests a balanced but rate-sensitive environment where timing and financing terms will materially affect buyer activity.

The median sold price is not available in the provided metrics, so it cannot be reported as the primary transaction indicator; instead use the median listing price of $645,500 as a reference point for current seller expectations (use with caution).

The median days on market of 205 signals materially slower sales velocity and suggests increased time-to-contract, which may indicate pricing friction or a longer negotiation window for buyers and sellers.

Price and rent signals are soft: the price year-over-year trend is down and the rent year-over-year trend is down, while the median price per square foot of $692 and median market rent of $2,200 indicate current valuation and income context (down).

Local market context shows a neutral market temperature combined with elevated interest rate pressure; current 30-year fixed mortgage rates are 6.3%, which is 0.46% lower than the 6.76% average observed one year ago—this mix suggests a balanced market with moderate transaction activity and elevated inventory relative to sales activity, which may favor buyers when pricing gaps persist.