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Market Trends & Statistics of 2022

Market Trends

The following market trends and statistics were gathered in November of 2022 from Big Sky Country Multiple Listing Service (MLS) InfoSparks using Gallatin Valley and class specific filters (listed in each category title) with a one-year rollover.

Gallatin Valley Housing Market Trends

Median sale prices have increased 0.8% to $640,000 since October 2021. Gallatin Valley had a 15.9% new listing count decrease from October 2021 to October 2022. The number of sales closed during the month decreased by 39.0% between October 2021 and October 2022. Overall, these properties spent an average of 12 days more on the market in this time frame.

Gallatin Valley Residential Single Family Homes Under 1 Acre

Median sale prices have increased 11.5% to $725,000 since October 2021. Gallatin Valley had a 6.7% new listing count decrease from October 2021 to October 2022. The number of sales closed during the month decreased by 35.8% between October 2021 and October 2022. Overall, these residential properties spent an average of 20 days more on the market in this time frame.

Gallatin Valley Residential Single Family Homes Over 1 Acre

Median sale prices have decreased 22.5% to $1,280,000 since October 2021. Gallatin Valley maintained theĀ  new listing count from October 2021 to October 2022 at 28 properties. The number of sales closed during the month decreased by 37.2% between October 2021 and October 2022. Overall, these residential properties spent an average of 16 days more on the market in this time frame.

Gallatin Valley Residential Condominiums & Townhomes

Median sale prices have decreased 4.8% to $495,000 since October 2021. Gallatin Valley had a 32.4% new listing count decrease from October 2021 to October 2022. The number of sales closed during the month decreased by 44.4% between October 2021 and October 2022. Overall, these residential properties spent an average of 12 days more on the market in this time frame.

Gallatin Valley Land Under 1 Acre

Median sale prices have increased 13.2% to $300,000 since October 2021. Gallatin Valley had a 76.0% new listing count decrease from October 2021 to October 2022. The number of sales closed during the month decreased by 8.3% between October 2021 and October 2022. Overall, these land properties spent an average of 12 days more on the market in this time frame.

Gallatin Valley Land Over 1 Acre

Median sale prices have decreased 57.6% to $252,000 since October 2021. Gallatin Valley had a 41.7% new listing count increase from October 2021 to October 2022. The number of sales closed during the month decreased by 56.5% between October 2021 and October 2022. Overall, these land properties spent an average of 14 days less on the market in this time frame.

View more statistics here:

January 2022 Rollover Market Trends

February 2022 Rollover Market Trends

March 2022 Rollover Market Trends

April 2022 Rollover Market Trends

May 2022 Rollover Market Trends

June 2022 Rollover Market Trends

July 2022 Rollover Market Trends

August 2022 Rollover Market Trends

September 2022 Rollover Market Trends

October 2022 Rollover Market Trends

If you are interested in learning how your home fits into these numbers, contact your Broker, they will be excited to hear from you!

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