May 22nd, 2024

Gallatin County, MT Real Estate Market

Brett Fagan Photo 2021 - Bridger Mountains Gallatin County, Montana ©Brett Fagan Photo

Gallatin County, Montana Real Estate Market Report – Trends, Prices

Q2 2024 Report Pending: The median price of real estate in Gallatin County, MT is $667,500

In Q2, 2024, median real estate price in Gallatin County, Montana is $667,500.

Photo Gallatin County, Montana median real estate, all types.
Chart 1: Gallatin County, Montana median real estate, all types.

Chart 1: Since the pandemic hit Montana in Q1 2020, Gallatin County has seen median real estate (all residential and land) prices surge, climbing from $359,500 to $677,500 in Q1 2024.

This is a ⇑ $318,000 or ⇑ 88.5% increase in Gallatin County real estate prices in 4 years.

Gallatin County, MT Homes

Since Q1 2020, Gallatin County home prices (only) have increased from $454,500 to $858,665 in Q1 2024, a ⇑ $404,165 or ⇑ 88.9% increase in 4 years.

The population of Gallatin County, MT, 129,265 in 2024. It’s seat is in Bozeman.

As you might expect, all residential (home, condo, townhouse, manufactured) prices have risen, too, from $399,925 (Q1 2020) to $712,500 in Q1 2023 a, ⇑ $312,575 or ⇑ 78.2% increase in 3 years.

Gallatin County, MT Land


Photo Number of homes for sale in Gallatin County, Montana.
Chart 2: Number of homes for sale in Gallatin County, Montana.

Gallatin County, Montana land prices have increased the most, from $175,000 (Q1 2020) to $550,000, a ⇑ $375,000 or ⇑ 214.3% rise in 4 years.

In Q2 2024, all Gallatin County real estate prices, have begun increasing after prices flattening and declining in the past 2 years.

Covering over 2,632 square miles–5.4% larger than the state of Delaware–Gallatin County, Montana consists of mountains, rivers, and prairies.

Gallatin County Homes For Sale

Chart 2: As the coronavirus pandemic was ramping up in Montana during Q1, 2020, there were 544 homes for sale in Gallatin County, Montana.

By the end of Q1, 2022, the number of homes for sale was 187, a record low.

By Q3, 2022, the number had risen to 618.

Today, in Q2 2024, there are 395 homes for sale in Gallatin County.

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Taunya Fagan

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