39Alpha

Bozeman, MT metro area Housing Market Brief

metro · MT · as of August 2026

Buyer's

What is Bozeman, MT metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
-36.846
Inventory Health25%
-12.729
Affordability20%
-0.66
Economic Strength20%
87
Rental Yield15%
+12.329

Where is Bozeman, MT metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

Bozeman, MT metro area is classified as Emerging early in its cycle, with scores climbing from a low base. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for Bozeman, MT metro area?

Our model forecasts Bozeman, MT metro area’s home prices to rise about 3.1% over the next 12 months (high confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

Bozeman, MT metro area housing market data

MetricValueYoY
Median Sale Price$694K-12.7%
Median Days on Market56 days▲ +7.7%
Months of Supply5.7-13.6%
Homes for Sale1,024▲ +2.3%
Homes Sold186▲ +19.2%
Median Price / Sq Ft$357-7.4%

How has Bozeman, MT metro area’s Alpha Score moved?

Now: 39
12-period trend
Median sale price · 12 mo

Markets like Bozeman, MT metro area

Frequently asked questions

Is Bozeman, MT metro area a buyer's or seller's market?

As of August 2026, Bozeman, MT metro area is classified as a Buyer's Market, based on its Alpha Score of 39 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in Bozeman, MT metro area?

The median sale price in Bozeman, MT metro area is $694K, having fallen 12.7% over the past year.

How affordable is Bozeman, MT metro area?

Bozeman, MT metro area scores 6 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving Bozeman, MT metro area's Alpha Score?

Bozeman, MT metro area's strongest dimension is Economic Strength (87/100) and its weakest is Affordability (6/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of Bozeman, MT metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.