Gallatin County, Montana Real Estate Market Report – Trends, Prices
Q2 2023: The median price of real estate in Gallatin County, MT is $632,500
In Q2, 2023, median real estate price in Gallatin County, Montana is $632,500, a drop of $48,000 from last year’s record high of $680,500.
This is a ⇑ $310,500 or ⇑ 83.9% increase in Gallatin County real estate prices in 3 years.
Gallatin County, MT Homes
Since Q1 2020, Gallatin County home prices (only) have increased from $454,000 to $749,500 in Q2, 2022 a, ⇑ $295,500 or ⇑ 65.1% increase in 11 quarters.
Chart 1: As you might expect, all residential (home, condo and townhouse, without land) prices have risen, too, from $400,000 (Q1 2020) to $641,000 in Q2 2023 a, ⇑ $241,000 or ⇑ 60.3% increase in 3 years.
Gallatin County, MT Land
Gallatin County, Montana land prices have increased the most, from $139,200 (Q1 2020) to $432,500, a ⇑ $293,300 or ⇑ 210.7% rise in 3 years!
In Q2 2023, all Gallatin County real estate prices, have begun increasing.
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 Q2, 2020, there were 641 homes for sale in Gallatin County, Montana.
By the end of Q1, 2022, the number of homes for sale was 193, a record low.
By Q3, 2022, the number had risen to 626.
Today, in Q2, 2023, there are 357 homes for sale in Gallatin County.