11/04/2026
Bozeman home sales jumped 40% in September. The median price dropped $116,000. Both are true, and prices didn’t fall.
While it may sound like a contradiction. It isn’t. The buyers changed. Twenty homes sold under $500K this September, versus just four a year ago. Nearly half of all closings were condos and townhomes. When more sales happen at the entry level, the median slides even as individual home values hold steady.
Strip out the condos and single-family values are basically flat, down about 2% year over year, which is noise in a market this size. The real story: the entry-level window that was frozen in 2025 is open again, and buyers have room to negotiate.
We broke down Bozeman, Big Sky, and Belgrade, and what it means whether you’re buying or selling. 👇
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