There are many draws to Bozeman that make the city a favorable place to live. Beautiful views, safe neighborhoods, and outdoor activities galore. Yet, with average home prices nearly double the national average, many homeowners are finding that no time is better than the present to capitalize on the active housing market and working with a local agent who understands the market is often the best decision to maximize your profits.
Seller or Buyers Market
Selling your home at the right time can maximize the price of your property and take away some of the worries of selling. Zillow.com suggests that we are currently in a seller’s market, but when should you expect to sell your home for the maximum value? What time of the year is most optimal to sell your home the fastest? Let’s look at some data and speed up your sale.
Gallatin County is growing at a rate of nearly 10 new residents a day – faster than any city in the state of Montana. From 2012 to 2018 Bozeman has grown 24% adding another 22,225 residents within city limits alone. Bozeman also has the strongest economy among cities its size across the United States, according to a Policom poll. This economic and population growth makes for a better market to sell your home, but what should you list it for?
Bozeman Home Prices
We are currently in a great seller’s market, with national trends rising steadily since 2012. From January 2019 to November 2019, Bozeman’s median single-family home prices rose ~ 7.23%, from $429,000 and rose to ~$460,000 by late November 2019. During the same timeframe, housing in Gallatin County outside of the Bozeman city limits saw an increase from $517,000 to ~$555,500.
When to Sell in Bozeman
We’ve addressed the market, but when is the right time to sell your home in Bozeman? National trends suggest that February provides the strongest seller’s market, year-over-year. However, volatile Montana winters make February a very difficult month to prep your home for sale. Data from Realtor.com suggests that April is the best month to sell your Bozeman home, followed by March (2nd) and May(3rd).
There are some great benefits to selling your Bozeman home in the spring. Warmer temperatures make cleaning and prepping your home easier. Commuting to view homes is safer. Landscapes are starting to flourish. And, with about 14x more property views, and 5% less competition on the market, you may be able to sell your home up to 6 days earlier when listed for sale in the month of April.
Let us help you sell your Bozeman real estate property this spring. Our brokers give you the advantage of having a team of real estate agents with the experience and knowledge to provide you with successful negotiation and a smooth transaction. We pride ourselves on having well established, educated and experienced brokers that can give you an advantage in the real estate market.