$10,000 Closing Credit*
$1,109,000
4,138 SqFt
5 Beds
•4 Full Baths
Ami Sayer, Listing Office: Berkshire Hathaway - Bozeman
Is Gallatin Gateway, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Gallatin Gateway has remained a Buyer's 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
$1,075,000
$483/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$170,100(+18.8%)
Key Takeaway
Homes in Gallatin Gateway have sold for 18.8% more than they did a year ago.
Summary: The median home sold price in Gallatin Gateway was $1,075,000 in November 2024, up 18.8% from last year, and the median price per square foot was $483.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $159K | $422.5K | +165.7% |
| 2 Bedrooms | $624.5K | $1.1M | +88.2% |
| 3 Bedrooms | $900K | $910K | +1.1% |
| 4 Bedrooms | $925K | $1.1M | +28.0% |
| 5+ Bedrooms | $1.2M | $1.0M | -11.2% |
Summary: Gallatin Gateway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 165.7%, 2 bedroom homes increased by 88.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Gallatin Gateway | $904.9K | $1.0M | +18.8% |
| Madison Valley | $772K | $912K | +18.1% |
| Big Sky | $1.9M | $2.0M | +4.2% |
Housing Supply in Gallatin Gateway, MT
How many homes are available in Gallatin Gateway, MT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 54 | 0.0% |
Summary: The Gallatin Gateway real estate market had 54 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Gallatin Gateway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gallatin Gateway, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Gallatin Gateway in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 78 Days | 155 Days | +98.9% |
Summary: Homes in Gallatin Gateway had an average of 155 days on market in Nov 2024, up by 98.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gallatin Gateway has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Gallatin Gateway; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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.