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Market Trends & Statistics of 2022

Market Trends

The following market trends and statistics were gathered in June 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 30.2% to $690,000 since May 2021. Gallatin Valley had a 21.2% new listing count increase from May 2021 to May 2022. The number of sales closed during the month decreased by 22.9% between May 2021 and May 2022. Overall, these properties spent an average of 39 days less on the market in this time frame.

Gallatin Valley Residential Single Family Homes Under 1 Acre

Median sale prices have increased 24.6% to $799,000 since May 2021. Gallatin Valley had a 35.2% new listing count increase from May 2021 to May 2022. The number of sales closed during the month decreased by 12.5% between May 2021 and May 2022. Overall, these residential properties spent an average of 15 days less on the market in this time frame.

Gallatin Valley Residential Single Family Homes Over 1 Acre

Median sale prices have increased 102.2% to $1,750,000 since May 2021. Gallatin Valley had a 7.4% new listing count decrease from May 2021 to May 2022. The number of sales closed during the month decreased by 50.0% between May 2021 and May 2022. Overall, these residential properties spent an average of 8 days less on the market in this time frame.

Gallatin Valley Residential Condominiums & Townhomes

Median sale prices have increased by 37.2% to $590,000 since May 2021. Gallatin Valley had a 10.9% new listing count decrease from May 2021 to May 2022. The number of sales closed during the month decreased by 14.1% between May 2021 and May 2022. Overall, these residential properties spent an average of 66 days less on the market in this time frame.

Gallatin Valley Land Under 1 Acre

Median sale prices have decreased 43.0% to $155,000 since May 2021. Gallatin Valley had a 16.7% new listing count increase from May 2021 to May 2022. The number of sales closed during the month decreased by 30.0% between May 2021 and May 2022. Overall, these land properties spent an average of 75 days less on the market in this time frame.

Gallatin Valley Land Over 1 Acre

Median sale prices have increased 45.6% to $650,000 since May 2021. Gallatin Valley had a 52.2% new listing count increase from May 2021 to May 2022. The number of sales closed during the month decreased by 51.3% between May 2021 and May 2022. Overall, these land properties spent an average of 40 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

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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