$745,000
0.28 Acres
Land
Martha Johnson, Listing Office: The Big Sky Real Estate Co.
Is Gallatin County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Gallatin County was a Seller's Market.
Key Takeaway
Gallatin County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gallatin County, MT
How much do homes in Gallatin County, MT cost?
Median Sold Price
$705,086
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,897(+2.2%)
Key Takeaway
Homes in Gallatin County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Gallatin County was $705,086 in November 2024, up 2.2% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438K | $405K | -7.5% |
| 2 Bedrooms | $480K | $502.5K | +4.7% |
| 3 Bedrooms | $607.8K | $635K | +4.5% |
| 4 Bedrooms | $898.5K | $925.6K | +3.0% |
| 5+ Bedrooms | $995K | $1.1M | +13.6% |
Summary: Gallatin County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 13.6%.
Median Sold Price Compared To Nearby Counties
| Park County | $508.5K | $540K | +6.2% |
| Madison County | $587K | $618K | +5.3% |
| Broadwater County | $389K | $407K | +4.6% |
| Jefferson County | $520.9K | $537.5K | +3.2% |
| Gallatin County | $690.1K | $705K | +2.2% |
Housing Supply in Gallatin County, MT
How many homes are available in Gallatin County, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 874 | 815 | -6.8% |
Summary: The Gallatin County real estate market had 815 homes for sale in November 2024, a 6.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 30 | -3.2% |
| 2 Bedrooms | 121 | 106 | -12.4% |
| 3 Bedrooms | 369 | 342 | -7.3% |
| 4 Bedrooms | 221 | 213 | -3.6% |
| 5+ Bedrooms | 132 | 124 | -6.1% |
Summary: The Gallatin County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 6.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 127 | -3.1% |
Asking Price vs. Sold Price
97 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gallatin County, you may be able to get a good deal. 76.4% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Gallatin County in November 2024, down by 3.1% month-over-month. Of the 127 sold homes, 76% were sold under asking, 17% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 71 Days | +43.0% |
Summary: Homes in Gallatin County had an average of 71 days on market in Nov 2024, up by 43% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
58 Homes Were Sold
In 30 - 90 Days
29 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gallatin County has remained consistent over time.
Summary: During November 2024, 127 homes were sold in Gallatin County; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 23% 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.