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

Gallatin Gateway, Montana Real Estate For Sale Below

A home costs $1,775,000 (median) in Gallatin Gateway, MT – Homes, Land, Ranches, Horse Properties

MONTH/YEAR	⇔ #HOMES	⇑ MEDIAN PRICE
Q4 2022	#TBD	$TBD
Q3 2022	38	$915,000
Q2 2022	32	$837,500
Q1 2022	9	$875,000
Q4 2021	9	$762,500

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

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 a whopping ⇑ $833,000 or ⇑ 242% from $344,500 in March 2017 to $1,260,000 in January 2022.

Prices declined in 2022 until November, when price hit $1,775,000, a record!

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

Luxury Home SOLD! in Little Bear Subdivision

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

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

Since March 2021, home prices have risen from $1,075,000 to $1,175,500, ⇑ $100,500 or ⇑ 9.3% to March 2022.

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

September 2021, we saw an all-time record median home price of $1,190,000.

Chart 2: The number of days on market for Gallatin Gateway homes for sale is increasing. Presently, it’s 165 in December 2022 but averaging 22 for the quarter.

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

Chart 2: Median days on market for Gallatin Gateway homes has been down since September 2021, dropping from 58 days last September to the present 29 days, near the end of Q1 2022.

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.