Is Gallatin Gateway, 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 Gateway was a Neutral Market.
Key Takeaway
Gallatin Gateway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gallatin Gateway, MT
How much do homes in Gallatin Gateway, MT cost?
Median Sold Price
$910,000
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gallatin Gateway have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Gallatin Gateway was $910,000 in April 2024, up 7.1% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $480K | $385.5K | -19.7% |
| 2 Bedrooms | $1.1M | $550K | -50.0% |
| 3 Bedrooms | $715.6K | $843.5K | +17.9% |
| 4 Bedrooms | $985K | $979K | -0.6% |
| 5+ Bedrooms | $1.4M | $1.1M | -20.9% |
Summary: Gallatin Gateway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 20.9%.
Median Sold Price Compared To Nearby Cities
| Madison Valley | $734.5K | $835K | +13.7% |
| Gallatin Gateway | $850K | $910K | +7.1% |
| Big Sky | $1.9M | $2.0M | +0.6% |
Housing Supply in Gallatin Gateway, MT
How many homes are available in Gallatin Gateway, MT?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Summary: The Gallatin Gateway real estate market had 49 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 5 | -44.4% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 12 | 18 | +50.0% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Gallatin Gateway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gallatin Gateway, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Gallatin Gateway in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Gallatin Gateway, MT
How long does it take to sell a home in Gallatin Gateway, MT?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 38 Days | +60.0% |
Summary: Homes in Gallatin Gateway had an average of 38 days on market in Apr 2024, up by 60% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gallatin Gateway are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Gallatin Gateway; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2024 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.