Home sales statistics for March of 2020 including Bozeman, Big Sky, Livingston, Manhattan, and Three Forks

1. brought to you by:
www.ReferredRealtyGroup.com
MARCH
2020
MARKET REPORT
Gallatin Valley
Courtney Deirdre
(832)326-5787 (406)570-9101

2. Local Market Update – March 2020
A Research Tool Provided by the Big Sky Country MLS
Bozeman Areas Outside City Limits
2B, 2FC, 2G, 2N, 2NW, 2T, 2SE, 2SW
Single Family March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 34 49 + 44.1% 109 132 + 21.1%
Pending Sales 26 29 + 11.5% 89 79 - 11.2%
Closed Sales 30 28 - 6.7% 70 70 0.0%
Days on Market until Sale 77 47 - 39.0% 91 80 - 12.1%
Median Sales Price* $557,000 $547,500 - 1.7% $546,500 $587,500 + 7.5%
Average Sales Price* $689,458 $751,438 + 9.0% $820,697 $801,463 - 2.3%
Percent of List Price Received* 98.0% 99.6% + 1.6% 96.7% 98.9% + 2.3%
Inventory of Homes for Sale 115 138 + 20.0% –– –– ––
Months Supply of Inventory 3.6 4.0 + 11.1% –– –– ––
Condo/Townhouse March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 4 4 0.0% 18 12 - 33.3%
Pending Sales 5 2 - 60.0% 12 12 0.0%
Closed Sales 4 2 - 50.0% 7 9 + 28.6%
Days on Market until Sale 35 11 - 68.6% 23 41 + 78.3%
Median Sales Price* $328,975 $304,450 - 7.5% $332,950 $339,900 + 2.1%
Average Sales Price* $326,975 $304,450 - 6.9% $326,511 $342,239 + 4.8%
Percent of List Price Received* 101.0% 100.0% - 1.0% 101.1% 99.2% - 1.9%
Inventory of Homes for Sale 12 13 + 8.3% –– –– ––
Months Supply of Inventory 2.1 2.4 + 14.3% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Bozeman Areas Outside City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Bozeman Areas Outside City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
Current as of April 10, 2020. All data from Big Sky Country Multiple Listing Service®. Report © 2020 ShowingTime.

3. Local Market Update – March 2020
A Research Tool Provided by the Big Sky Country MLS
Bozeman City Limits
1NE, 1NW, 1SM, 1SK
Single Family March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 50 63 + 26.0% 148 138 - 6.8%
Pending Sales 57 29 - 49.1% 151 109 - 27.8%
Closed Sales 41 41 0.0% 92 112 + 21.7%
Days on Market until Sale 77 76 - 1.3% 92 63 - 31.5%
Median Sales Price* $447,900 $485,000 + 8.3% $438,500 $465,000 + 6.0%
Average Sales Price* $490,766 $559,075 + 13.9% $506,335 $537,288 + 6.1%
Percent of List Price Received* 99.7% 99.1% - 0.6% 99.2% 98.2% - 1.0%
Inventory of Homes for Sale 82 93 + 13.4% –– –– ––
Months Supply of Inventory 1.7 2.0 + 17.6% –– –– ––
Condo/Townhouse March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 37 63 + 70.3% 107 187 + 74.8%
Pending Sales 32 47 + 46.9% 93 138 + 48.4%
Closed Sales 36 39 + 8.3% 75 95 + 26.7%
Days on Market until Sale 55 55 0.0% 54 64 + 18.5%
Median Sales Price* $332,500 $345,000 + 3.8% $335,000 $324,900 - 3.0%
Average Sales Price* $321,207 $352,939 + 9.9% $334,185 $345,855 + 3.5%
Percent of List Price Received* 98.5% 99.2% + 0.7% 98.3% 98.9% + 0.6%
Inventory of Homes for Sale 89 136 + 52.8% –– –– ––
Months Supply of Inventory 2.5 3.3 + 32.0% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Bozeman City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Bozeman City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Current as of April 10, 2020. All data from Big Sky Country Multiple Listing Service®. Report © 2020 ShowingTime.

4. Local Market Update – March 2020
A Research Tool Provided by the Big Sky Country MLS
Greater Big Sky
5CN, 5CS, 5BMT, 5BMV
Single Family March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 10 8 - 20.0% 18 21 + 16.7%
Pending Sales 12 6 - 50.0% 26 26 0.0%
Closed Sales 8 13 + 62.5% 19 21 + 10.5%
Days on Market until Sale 310 187 - 39.7% 203 162 - 20.2%
Median Sales Price* $2,000,000 $1,900,000 - 5.0% $1,500,000 $1,900,000 + 26.7%
Average Sales Price* $2,038,139 $2,909,816 + 42.8% $1,606,164 $2,693,219 + 67.7%
Percent of List Price Received* 94.0% 98.3% + 4.6% 95.7% 96.4% + 0.7%
Inventory of Homes for Sale 49 69 + 40.8% –– –– ––
Months Supply of Inventory 6.2 10.7 + 72.6% –– –– ––
Condo/Townhouse March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 25 24 - 4.0% 89 64 - 28.1%
Pending Sales 25 13 - 48.0% 63 49 - 22.2%
Closed Sales 14 14 0.0% 36 36 0.0%
Days on Market until Sale 90 144 + 60.0% 111 178 + 60.4%
Median Sales Price* $366,750 $345,000 - 5.9% $386,750 $397,500 + 2.8%
Average Sales Price* $422,857 $953,929 + 125.6% $445,014 $968,158 + 117.6%
Percent of List Price Received* 96.7% 96.3% - 0.4% 96.5% 97.0% + 0.5%
Inventory of Homes for Sale 96 95 - 1.0% –– –– ––
Months Supply of Inventory 6.1 6.4 + 4.9% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Greater Big Sky
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Greater Big Sky
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Current as of April 10, 2020. All data from Big Sky Country Multiple Listing Service®. Report © 2020 ShowingTime.

5. Local Market Update – March 2020
A Research Tool Provided by the Big Sky Country MLS
Greater Manhattan
4MA, 4MC, 4MN, 4MS
Single Family March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 4 6 + 50.0% 13 19 + 46.2%
Pending Sales 5 4 - 20.0% 16 11 - 31.3%
Closed Sales 5 4 - 20.0% 13 11 - 15.4%
Days on Market until Sale 144 103 - 28.5% 102 121 + 18.6%
Median Sales Price* $575,000 $505,000 - 12.2% $431,000 $450,000 + 4.4%
Average Sales Price* $564,980 $638,000 + 12.9% $487,023 $599,636 + 23.1%
Percent of List Price Received* 98.1% 100.8% + 2.8% 96.7% 98.6% + 2.0%
Inventory of Homes for Sale 15 25 + 66.7% –– –– ––
Months Supply of Inventory 2.7 5.5 + 103.7% –– –– ––
Condo/Townhouse March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 0 4 –– 0 5 ––
Pending Sales 0 2 –– 0 3 ––
Closed Sales 0 1 –– 0 3 ––
Days on Market until Sale –– 0 –– –– 16 ––
Median Sales Price* –– $240,000 –– –– $359,000 ––
Average Sales Price* –– $240,000 –– –– $320,550 ––
Percent of List Price Received* –– 96.0% –– –– 99.0% ––
Inventory of Homes for Sale 0 2 –– –– –– ––
Months Supply of Inventory –– 1.8 –– –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Greater Manhattan
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$100,000
$200,000
$300,000
$400,000
$500,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Greater Manhattan
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Current as of April 10, 2020. All data from Big Sky Country Multiple Listing Service®. Report © 2020 ShowingTime.

6. Local Market Update – March 2020
A Research Tool Provided by the Big Sky Country MLS
Greater Three Forks
4TC, 4TL, 4TN, 4TR, 4TSW
Single Family March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 3 6 + 100.0% 11 9 - 18.2%
Pending Sales 5 3 - 40.0% 9 3 - 66.7%
Closed Sales 4 0 - 100.0% 7 7 0.0%
Days on Market until Sale 74 –– –– 126 62 - 50.8%
Median Sales Price* $243,750 –– –– $254,500 $326,000 + 28.1%
Average Sales Price* $223,375 –– –– $256,086 $346,643 + 35.4%
Percent of List Price Received* 97.1% –– –– 95.8% 96.1% + 0.3%
Inventory of Homes for Sale 17 13 - 23.5% –– –– ––
Months Supply of Inventory 3.5 2.7 - 22.9% –– –– ––
Condo/Townhouse March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 0 0 0.0% 0 0 0.0%
Pending Sales 0 0 0.0% 0 0 0.0%
Closed Sales 0 0 0.0% 0 0 0.0%
Days on Market until Sale –– –– –– –– –– ––
Median Sales Price* –– –– –– –– –– ––
Average Sales Price* –– –– –– –– –– ––
Percent of List Price Received* –– –– –– –– –– ––
Inventory of Homes for Sale 0 0 0.0% –– –– ––
Months Supply of Inventory –– –– –– –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Greater Three Forks
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$0
$100,000
$200,000
$300,000
$400,000
$500,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Greater Three Forks
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Current as of April 10, 2020. All data from Big Sky Country Multiple Listing Service®. Report © 2020 ShowingTime.

7. Local Market Update – March 2020
A Research Tool Provided by the Big Sky Country MLS
Livingston City Limits
6C
Single Family March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 11 7 - 36.4% 32 27 - 15.6%
Pending Sales 9 12 + 33.3% 25 27 + 8.0%
Closed Sales 3 9 + 200.0% 16 27 + 68.8%
Days on Market until Sale 32 72 + 125.0% 96 82 - 14.6%
Median Sales Price* $242,000 $274,000 + 13.2% $237,500 $290,000 + 22.1%
Average Sales Price* $269,833 $287,333 + 6.5% $236,750 $293,046 + 23.8%
Percent of List Price Received* 97.0% 98.0% + 1.0% 96.4% 97.7% + 1.3%
Inventory of Homes for Sale 21 19 - 9.5% –– –– ––
Months Supply of Inventory 1.9 1.5 - 21.1% –– –– ––
Condo/Townhouse March Year to Date
Key Metrics 2019 2020 % Change Thru 3-2019 Thru 3-2020 % Change
New Listings 2 3 + 50.0% 8 7 - 12.5%
Pending Sales 2 1 - 50.0% 11 5 - 54.5%
Closed Sales 4 2 - 50.0% 9 4 - 55.6%
Days on Market until Sale 69 57 - 17.4% 102 128 + 25.5%
Median Sales Price* $187,500 $188,000 + 0.3% $200,000 $218,500 + 9.3%
Average Sales Price* $187,375 $188,000 + 0.3% $202,600 $222,250 + 9.7%
Percent of List Price Received* 97.0% 98.2% + 1.2% 94.3% 98.0% + 3.9%
Inventory of Homes for Sale 9 4 - 55.6% –– –– ––
Months Supply of Inventory 2.5 1.8 - 28.0% –– –– ––
* Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.
Median Sales Price - Single Family
Rolling 12-Month Calculation Gallatin County
Livingston City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$0
$100,000
$200,000
$300,000
$400,000
$500,000
Median Sales Price - Condo
Rolling 12-Month Calculation Gallatin County
Livingston City Limits
1-2003 1-2005 1-2007 1-2009 1-2011 1-2013 1-2015 1-2017 1-2019
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
Current as of April 10, 2020. All data from Big Sky Country Multiple Listing Service®. Report © 2020 ShowingTime.