As we close the first quarter of 2026, the Bozeman housing market remains stable and balanced. Home values continue to hold in the $700,000–$800,000 range, with improved inventory and longer days on market giving buyers more time to evaluate options and negotiate. Well priced homes are still performing strongly, while overall conditions reflect a more sustainable pace than in recent years.
Mortgage rates have remained relatively steady following late 2025 declines. The 30 year fixed rate is averaging approximately 6.3%–6.6%, with 15 year rates in the mid 5% range. This consistency has supported both purchase activity and a gradual increase in rate and term refinance interest, particularly for borrowers who locked in higher rates over the past two years.
Nationally, steady employment and moderating inflation continue to support housing demand, despite ongoing affordability considerations. As we enter the spring market, current conditions present opportunities for both buyers and homeowners to act with greater confidence.
At Bank of Bozeman, we remain committed to providing local expertise, responsive service, and tailored mortgage solutions to support our community.