$375,000
0.13 Acres
Land
•1 Full Bath
Sue Frye, Listing Office: ERA Landmark Real Estate
Is Gallatin County, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Gallatin County was a Seller's Market.
Key Takeaway
Gallatin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gallatin County, MT
How much do homes in Gallatin County, MT cost?
Median Sold Price
$701,753
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,093(+1.3%)
Key Takeaway
Homes in Gallatin County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Gallatin County was $701,753 in October 2024, up 1.3% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $438.5K | $410K | -6.5% |
| 2 Bedrooms | $479.9K | $505K | +5.2% |
| 3 Bedrooms | $606.2K | $636.6K | +5.0% |
| 4 Bedrooms | $895K | $925K | +3.4% |
| 5+ Bedrooms | $1.0M | $1.1M | +16.7% |
Summary: Gallatin County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 16.7%.
Median Sold Price Compared To Nearby Counties
| Park County | $510K | $545K | +6.9% |
| Broadwater County | $389K | $410K | +5.4% |
| Madison County | $589K | $600K | +1.9% |
| Gallatin County | $692.6K | $701.7K | +1.3% |
| Jefferson County | $522.9K | $530K | +1.3% |
Housing Supply in Gallatin County, MT
How many homes are available in Gallatin County, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 917 | 927 | +1.1% |
Summary: The Gallatin County real estate market had 927 homes for sale in October 2024, a 1.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 31 | 33 | +6.5% |
| 2 Bedrooms | 121 | 124 | +2.5% |
| 3 Bedrooms | 393 | 399 | +1.5% |
| 4 Bedrooms | 234 | 231 | -1.3% |
| 5+ Bedrooms | 138 | 140 | +1.4% |
Summary: The Gallatin County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 125 | +2.5% |
Asking Price vs. Sold Price
96 Homes Were Sold
Under Asking
21 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. 76.8% of homes here sold below asking price last month.
Summary: A total of 125 homes were sold or pending in Gallatin County in October 2024, up by 2.5% month-over-month. Of the 125 sold homes, 77% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 50 Days | -2.4% |
Summary: Homes in Gallatin County had an average of 50 days on market in Oct 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gallatin County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 125 homes were sold in Gallatin County; 51% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 16% 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.