Bozeman, MT 59715 Real Estate Market Report

ZIP Code: 59715
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Bozeman real estate market in April 2026 showcases a median sold price of $985,000, reflecting a stable market environment. The neighborhood has decreased 8% since 2022, indicating a shift from previous price surges to a more balanced pricing landscape. This adjustment may suggest that buyers are gaining more leverage in negotiations as the market stabilizes, moving away from the intense competition seen in prior years.

Current market conditions are characterized by elevated inventory levels, which provide buyers with more options and potentially longer negotiation periods. The median days on market stands at 268, indicating a slower sales velocity compared to previous periods. With a median listing price of $1,877,642, there appears to be a significant gap between what sellers are asking and what buyers are willing to pay, further emphasizing the need for strategic pricing and marketing in this evolving market.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Bozeman, MT are averaging 6.88%, which is 0.75% higher than the average rates seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $985,000 reflects a recent adjustment in the market, indicating a potential shift towards more balanced conditions.

2. With a median days on market of 268, the market is experiencing slower sales velocity, suggesting buyers may have more time to consider their options.

3. The median listing price of $1,877,642 presents a notable gap compared to the sold prices, indicating potential pricing friction for sellers.

4. Elevated inventory levels suggest excess supply relative to sales activity, providing buyers with increased negotiation power.

5. The market temperature is currently neutral, indicating a balanced environment where neither buyers nor sellers have a distinct advantage.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.