59718 Housing Market Report December 2024•Gallatin County, Montana

hero building illustration for mobile

Housing Prices in 59718, MT

How much do homes in 59718, MT cost?

Housing Market Conditions

Is 59718, MT a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

59718 is a Seller's Market

Difference Since December 2023

Since last year, 59718 has remained a Seller's Market.

Insight

59718 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$699,866$367/SqFt
-$383
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in 59718 has remained the same since last year.

Summary: The median home sold price in 59718 was $699,866 in December 2024, down 0.1% from last year, and the median price per square foot was $367.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
59730
+28.4%
59741
+18.9%
59715
+4.3%
59714
0.0%
59718
-0.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$403K$335.9K
-16.7%
2$439.9K$480K
+9.1%
3$637K$645K
+1.3%
4$925K$900K
-2.7%
5$1.0M$1.1M
+6.9%

Summary: 59718 housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -16.7%. The home price for 2 bedroom homes increased by +9.1%. The home price for 3 bedroom homes increased by +1.3%. The home price for 4 bedroom homes decreased by -2.7%. The home price for 5 bedroom homes increased by +6.9%.

Housing supply in 59718, MT

How many homes are available in 59718, MT?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
233Last MonthDec 2024
2552 months agoNov 2024
-8.6 %
Change MoMNov – Dec

Summary: The 59718 real estate market had 233 homes for sale in Dec 2024, a 8.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
49Last MonthDec 2024
442 months agoNov 2024
+11.4 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
152
-60.0%
22925
-13.8%
3118113
-4.2%
47372
-1.4%
53021
-30.0%

Summary: 59718 housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -60.0%. The inventory for 2 bedroom homes decreased by -13.8%. The inventory for 3 bedroom homes decreased by -4.2%. The inventory for 4 bedroom homes decreased by -1.4%. The inventory for 5 bedroom homes decreased by -30.0%.

Asking Price vs. Sold Price

How much do homes in 59718, MT cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price5 Homes

At Asking Price6 Homes

Under Asking Price38 Homes

Insight

If you're buying a home in 59718, you may be able to get a good deal. 77.6% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in 59718 in December 2024, up by 11.4% month-over-month. Of the 49 sold homes, 78% were sold under asking, 12% were sold at asking, and and 10% were sold over asking.

Days on Market for 59718, MT

How long does it take to sell a home in 59718, MT?

Breakdown of Home Sale Times

Under 30 Days18 Homes

30 – 90 Days16 Homes

Over 90 Days15 Homes

Insight

Many homes in 59718 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 49 homes were sold in 59718; 37% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
75 DaysThis YearDec 2024
62 Days1 year agoDec 2023
+20.7 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in 59718 had an average listing age of 75 days in Dec 2024, up by 20.7% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in 59718, MT

What homes are available in 59718, MT?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Montana

MLS Disclaimers and Copyright

Based on information from Big Sky Country MLS, Montana Regional MLS, and Aspen Glenwood MLS for the period 01/01/2023 - 01/01/2025

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Gallatin Association of Realtors/Big Sky Country MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Gallatin Association of Realtors/Big Sky Country MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 2:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2025 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
©Copyright 2025 by Aspen Glenwood Springs MLS. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen Glenwood Springs MLS. IDX information is provided exclusively for consumers’ personal, non- commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/30/2025, 2:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.