Southwest Montana Market Update – April 2025

The spring real estate season is in full swing across Southwest Montana, and while some markets remain highly competitive, others are showing signs of normalization. From the luxury peaks of Big Sky to the classic character of Butte, here’s a look at how each area performed last month—and what it means for you.

Bozeman

Single Family Homes

  • Median Sales Price: $932,000 (↓1.0% YoY)

  • New Listings: 110 (↓16%)

  • Days on Market: 20 (↑178.6%)

  • Inventory: 228 (↑15.2%)

Condos & Townhomes

  • Median Sales Price: $462,500 (↓12.5%)

  • New Listings: 81 (↑12.5%)

  • Days on Market: 28 (↑64.7%)

  • Inventory: 146 (↓8.8%)

Insight: Inventory is…

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Investing in Southwest Montana Real Estate:

Southwest Montana is one of the fastest-growing real estate markets in the U.S., with property values increasing significantly in recent years. The region offers an unparalleled lifestyle, featuring breathtaking natural wonders such as Yellowstone and Glacier National Parks. Outdoor enthusiasts can explore thousands of miles of scenic hiking trails stretching across majestic mountains and rolling hills. For winter sports lovers, world-class skiing awaits at Big Sky and Bridger Bowl ski resorts. Montana’s unique combination of adventure, natural beauty, and recreational opportunities delivers a lifestyle that’s truly unmatched.

Bozeman, One of the Best Cities to Invest in Real Estate

Bozeman consistently…

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Unleash the Spirit of the Brawl of the Wild: A Montana Rivalry Like No Other

In the heart of Big Sky Country, the Brawl of the Wild isn't merely a football game; it's a Montana tradition that stirs the flames of competition. Dating back over a century, this historic clash between Montana State University (MSU) Bobcats and the University of Montana (UM) Grizzlies is a celebration of Montana's rich college life. From its stunning landscapes to robust academic offerings, Montana beckons students to explore its treasures. 

The Brawl of the Wild transcends the realm of football; it encapsulates the unyielding pride of Montana. Its origins date back to 1897, and it has since evolved into one of the most eagerly anticipated annual events in the state. The…

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Siandhara Bonnet
Jun 30, 2022 Updated Aug 5, 2022

One of Rapid City’s oldest families is selling its almost 4,300 acres for future growth as the region continues to expand.

Bob Borgmeyer said the Selador Ranch, which is listed at $44,995,000 as of Wednesday morning, is largely untouched.

“Our ranches are two blank spaces which should be owned by someone who can better integrate them with the imminent updated comprehensive planning and public works efforts including Ellsworth and its projected 13.5 mile water pipeline,” he said in an email to the Journal.

Borgmeyer, president of Selador Ranches, said his family chose to run the land as cattle ranches since 1956, so they remain pristine. He said his mother Myrtle Irene Huwe…

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Since the premiere of the show "Yellowstone" in June of 2018, the western Montana region setting the backdrop to the show has grown in popularity. With Kevin Costner cast as the lead, John Dutton, the modern-day western has captivated the American viewing audience. With a storyline full of drama, family loyalty, and power grabs, each episode leaves the viewers anxiously waiting for the next episode. 

 

While there is no data on the impact the show has had on the popularity of the region. Real estate numbers and national park attendance seem to indicate the greater Yellowstone area has become quite popular. The Wall Street Journal recently named Billings as the No. 1 emerging housing market in the United States. The Gallatin Association of Realtors…

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This year we are recognizing projects, properties, or spaces around Bozeman that build community and serve as bright spots in challenging times. You can even nominate a neighbor or local business that you think deserves recognition for their service to the community during COVID.  

Nominate someone or a place here, Bozeman's Website

 

 

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Bozeman and the surrounding areas of Big Sky, Yellowstone and Paradise Valley have seen an influx of visitors who wanted to take advantage of our wide-open spaces, fishing, hiking, biking, camping and site-seeing in Yellowstone. Bozeman used to be a sleepy little cow town but has really hit the map in the last few months. We were experiencing a healthy growth for many years, with the market only seeing a downturn in 2008-2010 that everyone experienced.  The trend of the great western migration will continue as the uncertainty of cities continues, wildfires ravage the west coast and hurricanes beat up the southeast. 

With all of the demand to head west, we have been gifted three new direct flights. Charlotte, NC will start offering a direct flight in…

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Not at all,  the two main drivers of housing remain rock solid...the below article from Hotwire will explain what the 2 main drivers are and what to watch.

Today, existing home sales blew out estimates, coming in at 5,860,000. With new home sales, pending home sales, housing starts, housing permits, and purchase applications already in v-shape recovery mode, this last metric completes the v-shaped recovery across the board for housing.

Let’s just say this is the final nail in the coffin for the housing bear troll camps that were so sure that this time, housing would finally crash. COVID didn’t get the housing market, but it did pull a fast one on those pesky bears.




Look, I get it. For the casual observers of the market, it may seem intuitive…

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President Trump called on Congress to send him a bill that would fully and permanently fund the Land and Water Conservation Fund, which was established by Congress in 1964, and restore our national parks. On August 4, 2020, President Trump signed the Great American Outdoors Act into law, alongside bipartisan support from Senators Steve Daines and Jon Tester. It is being called

"The biggest land conservation legislation in a generation"

This funding is much needed to fix deferred maintenance at national parks, wildlife refuges, forests, and other federal lands, with $6.5 billion earmarked specifically to the 419 national park units. The number of visitors to the national parks system has increased by 50 percent since 1980, but the parks’ budget has…

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One Family's Choice

Mel Visser and his wife, Marge, recently finalized a conservation easement on their Manhattan property with the help of the Gallatin Valley Land Trust. The easement will protect the 779-acre land from fragmentation, development and non-agricultural commercial activity.

Montanans love their farms and ranches, so conservation is becoming more well-known and utilized for many reasons...protection of wide-open spaces is very important for one as development expands across the valley. With the recent Shelter in Place rule across the globe, more folks have flocked to the Rocky Mountains to seek more space and nature. It can take its toll on smaller communities and drive prices higher of land, development and housing.

To read the…

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