2020 Market Trends & Statistics

Market Trends

The following statistics were gathered in September of 2020 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 6.4% to $485,500 since August 2019. Gallatin Valley had a 3.5% new listing count decrease from August 2019 to August 2020. The number of sales closed during the month increased by 6.6% between August 2019 and August 2020. Overall, residential properties spent an average of 2 days less on the market in this time frame.

Gallatin Valley Residential Single Family Homes Under 1 Acre

Median sale prices have increased 5.8% to $437,000 since August 2019. Gallatin Valley had a 7.3% new listing count decrease from August 2019 to August 2020. The number of sales closed during the month decreased by 2.2% between August 2019 and August 2020. Overall, residential properties spent an average of 8 days less on the market in this time frame.

Gallatin Valley Residential Single Family Homes Over 1 Acre

Median sale prices have decreased 4.4% to $747,000 since August 2019. Gallatin Valley had a 8.8% new listing count decrease from August 2019 to August 2020. The number of sales closed during the month increased by 11.2% between August 2019 and August 2020. Overall, residential properties spent an average of 8 days less on the market in this time frame.

Gallatin Valley Residential Condominiums & Townhomes

Median sale prices stayed at $310,000 since August 2019. Gallatin Valley had a 17.2% new listing count increase from August 2019 to August 2020. The number of sales closed during the month increased by 18.6% between August 2019 and August 2020. Overall, residential properties spent an average of 1 day less on the market in this time frame.

Gallatin Valley Land Under 1 Acre

Median sale prices have increased 18.8% to $135,900 since August 2019. Gallatin Valley had a 38.7% new listing count decrease from August 2019 to August 2020. The number of sales closed during the month decreased by 7.5% between August 2019 and August 2020. Overall, residential properties spent an average of 27 days more on the market in this time frame

Gallatin Valley Land Over 1 Acre

Median sale prices have increased 18.3% to $235,000 since August 2019. Gallatin Valley had a 5.8% new listing count decrease from August 2019 to August 2020. The number of sales closed during the month decreased by 27.1% between August 2019 and August 2020. Overall, residential properties spent an average of 2 days less on the market in this time frame.

 

View more market trend statistics here:

May 2020 Rollover Market Trends

June 2020 Rollover Market Trends

July 2020 Rollover Market Trends

August 2020 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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Bozeman Brokers Real Estate

1745 South 19th Suite 2
Bozeman, MT 59718

406.587.5900
info@bozemanbrokers.com