2020 Market Trends & Statistics

Market Trends

The following market trends and statistics were gathered in December 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 6.5% to $398,315 since November 2019. Gallatin Valley had a 3.1% new listing count decrease from November 2019 to November 2020. The number of sales closed during the month increased by 23.0% between November 2019 and November 2020. Overall, residential properties spent an average of 4 days more on the market in this time frame.

Gallatin Valley Residential Single Family Homes Under 1 Acre

Median sale prices have increased 12.0% to $465,000 since November 2019. Gallatin Valley had a 8.2% new listing count decrease from November 2019 to November 2020. The number of sales closed during the month decreased by 34.9% between November 2019 and November 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 increased 8.5% to $816,000 since November 2019. Gallatin Valley had a 0.7% new listing count decrease from November 2019 to November 2020. The number of sales closed during the month decreased by 15.6% between November 2019 and November 2020. Overall, residential properties spent an average of 25 days more on the market in this time frame.

Gallatin Valley Residential Condominiums & Townhomes

Median sale prices have increased by 1.6% to $320,000 since November 2019. Gallatin Valley had an 13.7% new listing count increase from November 2019 to November 2020. The number of sales closed during the month decreased by 9.1% between November 2019 and November 2020. Overall, residential properties spent an average of 4 days more on the market in this time frame.

Gallatin Valley Land Under 1 Acre

Median sale prices have increased 12.8% to $138,150 since November 2019. Gallatin Valley had a 34.9% new listing count decrease from November 2019 to November 2020. The number of sales closed during the month increased by 6.2% between November 2019 and November 2020. Overall, residential properties spent an average of 51 days more on the market in this time frame.

Gallatin Valley Land Over 1 Acre

Median sale prices have increased 22.8% to $307,000 since November 2019. Gallatin Valley had a .5% new listing count decrease from November 2019 to November 2020. The number of sales closed during the month increased by 91.9% between November 2019 and November 2020. Overall, residential properties spent an average of 29 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

September 2020 Rollover Market Trends

October 2020 Rollover Market Trends

November 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