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Median single-family home price now more than $602,000 in Gallatin County

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Posted at 7:51 PM, Apr 06, 2021

Latest numbers from the Gallatin Association of REALTORS (GAR) say the residential market in Gallatin County, as GAR put it, “remained robust” through February.

Sellers are getting nearly 100 percent of asking price.

The median sales price for a single-family home rose 34.5% from February of last year to this year—from $447,950 up to $602,500.

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Finding a house to buy got tougher, with available houses down 64.7 percent.

They’re not sitting on the market for long either, with an average 42 days on the market. It was 75 days last year.

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The median price for condos and townhouses also went up 20.7 percent, from $294,000 to $354,825.

GAR says realtors expect to see these trends continue into the spring.