As we enter the peak of summer, Bozeman’s housing market remains active but is beginning to stabilize. Median home prices are currently landing between $650,000 and $750,000, depending on the source, with average days on market up to 50–63 days. This is giving buyers more time and negotiating power. Inventory is holding between five and six months, suggesting a shift toward a more balanced market.
National mortgage rates have stayed steady through July. The 30-year fixed rate is averaging around 6.76%–7.10%, while 15-year fixed rates hover closer to 5.87%, for well qualified borrowers.
For local buyers, this environment creates opportunities. Prices have softened slightly, and slower sales on some listings mean sellers may be more open to offers, credits, or rate buy-downs. At Bank of Bozeman, we offer flexible conventional loan options, including fixed and adjustable rates, with fast, local decision-making and personalized guidance.
We’re continuing to see demand from both first-time buyers, relocators and refinancers. Our team is here to guide you through every step, from locking in a competitive rate to understanding what’s needed for a successful closing in Gallatin County’s dynamic market.
Whether you’re ready to buy, refinance, or just want to check in on your options, our experienced mortgage team is here for you. Stop by our office, give us a call, or submit an inquiry through our website.