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Market Watch

Summer 2023 Livingston, Montana Single Family Market Update

Posted on August 30, 2023 by Becca Quackenbush

We know that having all the facts makes for better real estate decisions. Let’s take a look at the single-family market in Park County including Livingston, Shields Valley, and
Paradise, Montana as reported in the Big Sky Country MLS.

Centered in the heart of Park County, Livingston, Montana is a delightful town enveloped by the enchanting landscapes of Shields Valley running north and Paradise Valle running south. Just a short drive away, Yellowstone beckons with its geothermal wonders, diverse wildlife, and iconic scenery. For Livingston's residents, outdoor adventures like hiking, fishing, camping, and wildlife watching are effortlessly within reach. Livingston is an attractive place to live for those seeking a balance between modern conveniences and a rustic lifestyle in a picturesque setting.

 


The housing market in Livingston, Montana has shown both stability and slight shifts in the past year. As of July 2023, there were 73 single-family homes available for sale compared to 74 units on the market in 2022. This reflects stability in the Park County housing market for inventory.

In terms of sales, 80 units have been sold in Park County through July 2023. This is a decrease from the 114 units sold during the same period last year. The median sold price for properties in 2023 is $550,000, which is about $43,000 lower than the median sold price of $592,500 during the same period in 2022. This decline in median sold price could be reflective of many variables including changing buyer preferences or differences in available property types as inventory has held stable.

The median list price for pending properties is currently at $530,000 compared to the median list price for active properties at $1,000,000 suggesting a demand for more affordable housing options.

We live here, we love it here and we are invested in our home communities. With offices across Bozeman, Big Sky, Livingston, and Ennis, contact our team of experts to assist with your real estate needs.

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