Gallatin County, Montana Real Estate Market Report – Trends, Prices
April 2022: The median cost of a home in Gallatin County, MT is $715,000
Since the pandemic hit Montana in April 2020, Gallatin County (and other southwest Montana municipalities) has seen median Gallatin County real estate market prices surge, climbing from $377,000 to $599,500 in April 2022.
This is a ⇑ $222,500 or ⇑ 59% increase in Gallatin County real estate prices in two years.
Since April 2020, Gallatin County home prices have increased from $443,oo to $715,000 in April 2022 a, ⇑ $272,000 or ⇑ 61.4% increase.
As you might expect, all residential (home, condo and townhouse) prices have risen, too, from $400,000 to $625,000, a ⇑ $225,000 or ⇑ 56.3% increase.
Montana land prices have increased the most, from $168,050 to $395,000, a ⇑ $226,950 or ⇑ 135% rise!
In April 2022 Gallatin County real estate prices have continued their ascent, with land prices flattening out since the end of 2021, beginning of 2022.
Covering over 2,632 square miles–5.4% larger than the state of Delaware–Gallatin County, Montana consists of mountains, rivers, and prairies.
As the coronavirus pandemic was ramping up in Montana during March, April, and May of 2020, there were 443 homes for sale in Gallatin County, Montana.
Two years later, in April of 2022, the number of homes for sale has dropped by ⇓ 279 or ⇓ 170% from 443 to 164.
But the the declining number of homes for sale in Gallatin County, MT has been flattening.