Bozeman Housing Market

One of the most frequent questions I’m asked is: “What’s the real estate market like in Bozeman?”

Today, I’m focusing specifically on single-family homes to give you a clear picture of where things stand as we move through mid-February 2026.

Bozeman Single-Family Homes: Current Inventory & Pricing

At the end of 2025, the median sales price for a single-family home within the City of Bozeman was $824,900.

As of today, we have 77 active single-family homes on the market inside city limits. Here’s how they break down:

Entry-Level to Median Range

• $549,000 – Current lowest price point (2 homes available)
• 25 homes priced between $549,000–$700,000
• 52 homes priced between $700,000–$824,900

This shows that a significant portion of current inventory sits below or near the city’s median price.

Above the Median

• 11 homes priced between $824,900–$1 million
• 24 homes in the $1–$2 million range
• 4 homes priced above $2 million

Buyers looking in the luxury tier still have options, but the majority of inventory remains concentrated under the $1 million mark.

What About Belgrade?

Looking to our sister city, Belgrade, there are currently 58 single-family homes available — slightly fewer than in Bozeman.

Pricing in Belgrade spans a wide spectrum:

• Lowest price: $415,000
• Highest price: $13,500,000

That wide range reflects the diversity of properties available — from more affordable homes to larger estate-style properties and unique acreage offerings.

The Bigger Picture: Gallatin County

Expanding out to all of Gallatin County, we currently have 310 single-family homes on the market.

Price points range dramatically:

• A small cabin in Ponderosa Pines listed at $250,000
• The next lowest-priced home in Manhattan at $390,000
• Up to a top-tier offering at $25,555,000

This broad range illustrates the incredible diversity in property types across the county — from rustic cabins to ultra-luxury estates.

Market Trends & Resilience

Bozeman’s real estate market peaked in March 2022, when the median price reached $799,500. After that peak, prices softened slightly and remained relatively flat. We didn’t see median prices back in the $800,000s again until September 2023.

Since then, values have held steady. While we’re not seeing the dramatic appreciation of the 2020–2022 surge, we’re also not seeing significant declines. Instead, we’re experiencing a more balanced, steady market.

Bozeman continues to prove itself as a resilient and desirable destination. We consistently attract:

• Remote professionals
• Second-home buyers
• Outdoor enthusiasts
• Buyers seeking lifestyle-driven relocations

With world-class recreation, beautiful scenery, and a vibrant community, demand remains supported by more than just local job growth.

What Does This Mean for Buyers and Sellers?

• Buyers have more options than they did during the peak frenzy years.
• Sellers are still benefiting from strong property values and sustained demand.
• The market is steady, not overheated — which can create opportunity on both sides.

If you’re curious about how these numbers affect your specific buying or selling goals, I’m always happy to have a conversation.

Bozeman remains one of the most dynamic and lifestyle-driven markets in the West — and 2026 is shaping up to be another interesting year to watch.