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Michael Blevins, Listing Office: Michael Blevins Real Estate
Gallatin Gateway Housing Market Report December 2024•Gallatin County, Montana
Housing Prices in Gallatin Gateway, MT
How much do homes in Gallatin Gateway, MT cost?
Housing Market Conditions
Is Gallatin Gateway, MT a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Gallatin Gateway is a Buyer's Market
Difference Since December 2023
Since last year, Gallatin Gateway has remained a Buyer's Market.
Insight
Gallatin Gateway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$1,050,000$483/SqFt
+$145,100
+16.0%
Based on all homes sold in the last 12 months
Insight
Homes in Gallatin Gateway have sold for 16% more than they did a year ago.
Summary: The median home sold price in Gallatin Gateway was $1,050,000 in December 2024, up 16% from last year, and the median price per square foot was $483.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Gallatin Gateway | $904.9K | $1.0M | +16.0% |
| Big Sky | $1.8M | $2.0M | +11.1% |
| Madison Valley | $810K | $800K | -1.2% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 22 Bedrooms | $624.5K | $1.1M | +86.1% |
| 33 Bedrooms | $845K | $887.5K | +5.0% |
| 44 Bedrooms | $942.5K | $1.1M | +27.2% |
| 55+ Bedrooms | $1.2M | $1.0M | -16.0% |
| 11 Bedroom | $298K | $401K | +34.6% |
Summary: Gallatin Gateway housing price by bedroom type for December 2024, compared to the previous year. The home price for 2 bedroom homes increased by +86.1%. The home price for 3 bedroom homes increased by +5.0%. The home price for 4 bedroom homes increased by +27.2%. The home price for 5 bedroom homes decreased by -16.0%. The home price for 1 bedroom homes increased by +34.6%.
Housing supply in Gallatin Gateway, MT
How many homes are available in Gallatin Gateway, MT?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 51Last MonthDec 2024 | ||
| 512 months agoNov 2024 | 0.0 % Change MoMNov – Dec |
Summary: The Gallatin Gateway real estate market had 51 homes for sale in Dec 2024, the same as Nov 2024
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthDec 2024 | ||
| 52 months agoNov 2024 | +20.0 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 6 | 5 | -16.7% |
| 33 Bedrooms | 17 | 19 | +11.8% |
| 44 Bedrooms | 15 | 17 | +13.3% |
| 55+ Bedrooms | 10 | 7 | -30.0% |
| 11 Bedroom | 3 | 3 | 0.0% |
Summary: Gallatin Gateway housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 2 bedroom homes decreased by -16.7%. The inventory for 3 bedroom homes increased by +11.8%. The inventory for 4 bedroom homes increased by +13.3%. The inventory for 5 bedroom homes decreased by -30.0%. The inventory for 1 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Gallatin Gateway, MT cost?
Over Asking Price1 Home
At Asking Price0 Home
Under Asking Price5 Homes
Insight
If you're buying a home in Gallatin Gateway, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Gallatin Gateway in December 2024, up by 20.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and and 17% were sold over asking.
Days on Market for Gallatin Gateway, MT
How long does it take to sell a home in Gallatin Gateway, MT?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days2 Homes
Over 90 Days4 Homes
Insight
Most homes in Gallatin Gateway are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During December 2024, 6 homes were sold in Gallatin Gateway; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 136 DaysThis YearDec 2024 | ||
| 50 Days1 year agoDec 2023 | +170.2 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Gallatin Gateway had an average listing age of 136 days in Dec 2024, up by 170.2% compared to the previous year.
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Newest Listings in Gallatin Gateway, MT
What homes are available in Gallatin Gateway, MT?
New - 4 days on Rocket
Lacy Browne, Listing Office: Legacy Brokers
$10,000 Closing Credit¹
Diego Ramirez, Listing Office: The Agency Bozeman
$10,000 Closing Credit¹
Amy Free, Listing Office: Triple Creek Realty of Big Sky
Isaac Nelson, Listing Office: Windermere Great Divide-Bozeman
$10,000 Closing Credit¹
Ami Sayer, Listing Office: Berkshire Hathaway - Bozeman
$10,000 Closing Credit¹
Ami Sayer, Listing Office: Berkshire Hathaway - Bozeman
Video tour
Frederick Richards, Listing Office: Keller Williams Montana Realty
$9,203 Closing Credit¹
Jessica DeJarlais, Listing Office: Windermere Great Divide-Bozeman
Video tour
$10,000 Closing Credit¹
Tamara Williams, Listing Office: Tamara Williams and Company
Video tour
Jody Savage, Listing Office: Savage Real Estate Group
$10,000 Closing Credit¹
Eric Becker, Listing Office: Big Sky Sotheby's
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MLS Disclaimers and Copyright
Based on information from Big Sky Country MLS, and Montana Regional MLS for the period 01/01/2023 - 01/01/2025
The 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: 1/17/2025, 11:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 1/17/2025, 11:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.