Is Gallatin County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gallatin County was a Seller's Market.
Housing Prices in Gallatin County, MT
How much do homes in Gallatin County, MT cost?
Median Sold Price
$716,108
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gallatin County was $716,108 in April 2024, up 5.8% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $435K | -3.3% |
2 Bedrooms | $480K | $509K | +6.0% |
3 Bedrooms | $609.5K | $625.4K | +2.6% |
4 Bedrooms | $859.8K | $924.2K | +7.5% |
5+ Bedrooms | $965K | $1.1M | +19.2% |
Summary: Gallatin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Counties
Gallatin County | $676.7K | $716.1K | +5.8% |
Park County | $522.5K | $518.5K | -0.8% |
Broadwater County | $389K | $378.9K | -2.6% |
Jefferson County | $534.5K | $499.4K | -6.6% |
Madison County | $640K | $512.2K | -20.0% |
Housing Supply in Gallatin County, MT
How many homes are available in Gallatin County, MT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
678 | 785 | +15.8% |
Summary: The Gallatin County real estate market had 785 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 37 | +23.3% |
2 Bedrooms | 87 | 112 | +28.7% |
3 Bedrooms | 284 | 312 | +9.9% |
4 Bedrooms | 195 | 223 | +14.4% |
5+ Bedrooms | 82 | 101 | +23.2% |
Summary: The Gallatin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.3%, 2 bedroom homes increased by 28.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 23.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 123 | +16.0% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in Gallatin County in April 2024, up by 16.0% month-over-month. Of the 123 sold homes, 58% were sold under asking, 28% were sold at asking, and 15% were sold over asking.
Days on Market for Gallatin County, MT
How long does it take to sell a home in Gallatin County, MT?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 49 Days | +9.7% |
Summary: Homes in Gallatin County had an average of 49 days on market in Apr 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During April 2024, 123 homes were sold in Gallatin County; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.