Gallatin Gateway Montana Real Estate For Sale: Homes, Ranches, Land

Gallatin Gateway, Montana Real Estate For Sale Below

A home costs $945,000 (median) in Gallatin Gateway, MT – Homes, Land, Ranches, Horse Properties

MONTH/YEAR	#HOMES ⇓	MEDIAN PRICE ⇓
Q1 2023	30	$945,000
Q4 2022	35	$1,075,000
Q3 2022	66	$915,000
Q2 2022	47	$860,000
Q1 2022	19	$1,085,000

Photo Gallatin Gateway, MT median home sales price, Q1, 2023. — Chart 1: Gallatin Gateway, MT median home sales price, Q1, 2023.

Chart 1: In the last 5 years, median sales price for Gallatin Gateway, MT real estate (residential homes only) has dramatically risen.

During this period, prices increased ⇑ $509,000 or ⇑ 53.9% from $436,057 in Q2, 2018 to $945,000 in Q2, 2023.

Prices declined in the first 2 quarters of 2022 until Q3, rising to $1,075,000 by the end of Q4, 2022, the second highest price ever!

Median sales prices dropped in the first quarter of 2021 but rebounded a bit in January 2022!

Luxury Home SOLD! in Little Bear Subdivision

Photo Gallatin Gateway median days on market. — Chart 2: Gallatin Gateway median days on market, Q1 2023.

Last December, the median price for a Gallatin Gateway, Montana home was $1,075,000.

From Q3 2021 to the end of 2022, home prices rose from $701,000 to $1,075,000 ⇑ $374,000 or ⇑ 34.8%.

In 2021, the median home price in Gallatin Gateway rose⇑ $110,000 or ⇑ 11.7%.

November 2022, we saw an all-time record median home price of $1,887,000.

Chart 2: The number of days on market for Gallatin Gateway homes for sale has been decreasing. It ended Q1, 2023 at 5.

Bozeman is about 13 miles northeast of Gallatin Gateway, making it an easy commute between the two.

Interesting Fact: From June 2105 to October 2016, average days on market dropped ⇓ dramatically, from over 6 months to 6 weeks, i.e., 172 days to 42 days.