Market Trends May 2020 Statistics

Market Trends

The following market trends and statistics were gathered June 1st, 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 Residential Housing Market Trends

Median sale prices have increased 6.0% to $400,000 since May 2019. Gallatin Valley had a 4.4% new listing count increase from May 2019 to May 2020. The number of sales closed during the month increased by 0.9% between May 2019 and May 2020. Overall, residential properties spent an average of 9 days less on the market in this time frame.

Gallatin Valley Residential Single Family Homes Under 1 Acre

Median sale prices have increased 4.0% to $754,000 since May 2019. Gallatin Valley had a 15.0% new listing count increase from May 2019 to May 2020. The number of sales closed during the month increased by 10.0% between May 2019 and May 2020. Overall, residential properties spent an average of 22 days less on the market in this time frame.

Gallatin Valley Residential Single Family Homes Over 1 Acre

Median sale prices have increased 6.3% to $424,900 since May 2019. Gallatin Valley had a 7.4% new listing count decrease from May 2019 to May 2020. The number of sales closed during the month decreased by 4.9% between May 2019 and May 2020. Overall, residential properties spent an average of 11 days less on the market in this time frame.

Gallatin Valley Residential Condominiums & Townhomes

Median sale prices have increased 1.7% to $305,000 since May 2019. Gallatin Valley had a 22.6% new listing count increase from May 2019 to May 2020. The number of sales closed during the month increased by 7.4% between May 2019 and May 2020. Overall, residential properties spent an average of 3 days less on the market in this time frame.

Gallatin Valley Land Under 1 Acre

Median sale prices have increased 12.1% to $129,500 since May 2019. Gallatin Valley had a 26.5% new listing count decrease from May 2019 to May 2020. The number of sales closed during the month decreased by 22.8% between May 2019 and May 2020. Overall, residential properties spent an average of 28 days more on the market in this time frame.

Gallatin Valley Land Over 1 Acre

Median sale prices have increased 8.6% to $275,000 since May 2019. Gallatin Valley had a 2.2% new listing count decrease from May 2019 to May 2020. The number of sales closed during the month decreased by 12.7% between May 2019 and May 2020. Overall, residential properties spent an average of 16 days more on the market in this time frame.

View more statistics here!

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
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