Homes in Gallatin Gateway and Four Corners, MT Q4 2024, Homes cost $899,500 – Closed Sales: 24 – Search Land, Ranches, Property Q/YEAR MEDIAN PRICE ⇓ CLOSED SALES ⇓ Q4 2024 $899,500 24 Q3 2024 $1,199,000 25 Q3 2023 $953,000 25 Q3 2022 $915,000 28 Q3 2021 $701,000 48 Q3 2020 $605,603 61
Chart 1: Gallatin Gateway & Four Corners, Montana home sales price.Chart 1: Since Q1 2020 (Covid hits the world), median home prices for Gallatin Gateway – Four Corners’, MT real estate rose significantly.
During the most recent 5-year period, ending in Q3 2024, prices increased an impressive ⇑ $699,000 or ⇑ 58.3%, from $500,000 to $1,199,000 .
During this period there were a few reductions in price but these were monthly not quarterly declines.
Median price has risen and fallen quarterly but the overall trend has been upward for the last 10 years.
Median sales prices dropped in the second quarter of 2021 and 2022, the first quarter of 2023 and 2024…and it looks as though the pattern will continue in Q1 2025.
Chart 2 Gallatin Gateway & Four Corners, Closed Sales.Looking Back Q4 2022 , the median price for a Gallatin Gateway, Montana home was $1,087,500 .
From Q1 2020 (start of Covid) to Q4 2023 , home prices rose from $500,750 to $1,100,000, ⇑ $599,250 or ⇑ 120% .
In 2021, the median home price in Gallatin Gateway rose ⇑ $110,000 or ⇑ 11.7% .
November 2022, we saw an all-time record median home price of $1,887,000.
Chart 2: The number of days on market (DOM) for Gallatin Gateway homes has been fluctuating since Q1, 2022 when DOM was just 3 days !
Today, DOM is 14 days, still quite short.
Bozeman is about 13 miles northeast of Gallatin Gateway, making it an easy commute between the two.
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