The prices in real estate in Bozeman, in the Montana region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Bozeman has increased strongly during the last 6 months. In October, the average price per sq.feet was $2,879. In the following month the price per sq.feet increased considerably to $4,948. The price for the following two months in (December, January) had a considerable increment of 132 %. The price per sq.feet has decreased 95 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $4,543.75 to $4,300.5 during February, and March.
Based upon to the price in Bozeman (cities), this has gone up in the last 6 months. The price in October is $1,139,853, rising in November till $1,256,438. During the following two months (December, January) the price has had an average incrementation from $1,198,145.5 to $1,355,904.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $1,277,025 to $1,171,303 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,070,897 they are 33 % more affordable than the average price for Bozeman. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $803,127.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $452 / sq.feet, with an average $5,297 / sq.feet price in Bozeman. The properties with the highest average prices have 4 bedrooms. They are 49 % more expensive than the average followed by properties with 1 bedroom with a price at $677 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,070,897 it is 49 % cheaper than the average price in Bozeman. "Condo" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Land". At a price of $1,238,412 it is 17 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $433 / sq.feet followed by "Townhouse" priced at $451 / sq.feet. "Duplex" is the most costly type of property with a $23,807 / sq.feet cost followed by "Land" with an average price of $7,476 / sq.feet.