Gallatin County Housing Market Report May 2025•Gallatin County, Montana

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Housing Prices in Gallatin County, MT

How much do homes in Gallatin County, MT cost?

Housing Market Conditions

Is Gallatin County, 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

Gallatin County is a Neutral Market

Difference Since May 2024

At the same time last year, Gallatin County was a Seller's Market.

Insight

Gallatin County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$695,327$360/SqFt
-$29,183
-4.0%

Based on all homes sold in the last 12 months

Insight

Homes in Gallatin County have sold for 4% less than they did a year ago.

Summary: The median home sold price in Gallatin County was $695,327 in May 2025, down 4% from last year, and the median price per square foot was $360.

Median Sold Price By Counties

Median Sold Price By Counties
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
Madison County
+17.0%
Broadwater County
+15.6%
Jefferson County
+14.0%
Park County
+5.0%
Gallatin County
-4.0%

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.
BedsMay 2024May 2025Change YoY
1$436K$386K
-11.5%
2$510K$474.5K
-7.0%
3$627K$627K
0.0%
4$936.1K$897.5K
-4.1%
5$1.1M$1.0M
-5.7%

Summary: Gallatin County housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -11.5%. The home price for 2 bedroom homes decreased by -7.0%. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes decreased by -4.1%. The home price for 5 bedroom homes decreased by -5.7%.

How does Gallatin County, MT compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Gallatin County, MT

Housing supply in Gallatin County, MT

How many homes are available in Gallatin County, 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
988Last MonthMay 2025
8402 months agoApr 2025
+17.6 %
Change MoMApr – May

Summary: The Gallatin County real estate market had 988 homes for sale in May 2025, a 17.6 % increase compared to Apr 2025.

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
153Last MonthMay 2025
1112 months agoApr 2025
+37.8 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
12629
+11.5%
2113131
+15.9%
3385454
+17.9%
4209255
+22.0%
5107119
+11.2%

Summary: Gallatin County housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +11.5%. The inventory for 2 bedroom homes increased by +15.9%. The inventory for 3 bedroom homes increased by +17.9%. The inventory for 4 bedroom homes increased by +22.0%. The inventory for 5 bedroom homes increased by +11.2%.

Asking Price vs. Sold Price

How much do homes in Gallatin County, 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 Price28 Homes

At Asking Price31 Homes

Under Asking Price94 Homes

Insight

If you're buying a home in Gallatin County, you may be able to get a good deal. 61.4% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in Gallatin County in May 2025, up by 37.8% month-over-month. Of the 153 sold homes, 61% were sold under asking, 20% were sold at asking, and and 18% were sold over asking.

Days on Market for Gallatin County, MT

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

Breakdown of Home Sale Times

Under 30 Days81 Homes

30 – 90 Days41 Homes

Over 90 Days31 Homes

Insight

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

Summary: During May 2025, 153 homes were sold in Gallatin County; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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
64 DaysThis YearMay 2025
38 Days1 year agoMay 2024
+65.6 %
Change YoYMay 2024 – May 2025

Summary: Homes in Gallatin County had an average listing age of 64 days in May 2025, up by 65.6% compared to the previous year.

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Newest Listings in Gallatin County, MT

What homes are available in Gallatin County, MT?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Big Sky Country MLS, and Montana Regional MLS for the period 06/01/2023 - 06/01/2025

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: 6/12/2025, 2:45:28 AM 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: 6/12/2025, 2:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.