Welcome To The Housing Market Report
This Real Estate Report Includes The Entire Gallatin County Plus Details
For Bozeman, Belgrade, Manhattan, Three Forks, Livingston, Big Sky and more.
The Gallatin Association of REALTORS® has released its residential real estate statistics for January 2018.
Gallatin County - Single Family Homes (see chart below)
The number of new single-family listings rose from 108 in January 2017 to 120 last month, an 11.1 percent increase, while the number of closed sales dropped from 95 to 69, a 27.4 percent decrease. The average number of days on market until sale dropped sharply from 85 to 61, a 28.2 percent decrease. The inventory of homes for sale decreased 7.2 percent, from 401 in January 2017 to 372 last month, while the average sale price decreased from $485,141 to $447,170, a 7.8 percent drop. The months’ supply of inventory dropped remained virtually static, dropping slightly from 3.0 to 2.9, a 3.3 percent decrease.
Gallatin County - Condos/Townhomes (see chart below)
The number of new listings in the condo/townhouse market dropped from 66 in January 2017 to 56 last month, a 15.2 percent decrease. The number of closed sales rose from 39 to 46, a 17.9 percent jump. The average sale price fell $366,366 in January 2017 to $352,562 last month, a 3.8 percent drop. The average number of days on market until sale plummeted from 197 in January 2017 to 67 last month, a 66 percent decrease, while the months’ supply of inventory rose slightly from 2.6 to 3.2, a 23.1% increase.
ADDITIONAL CHARTS AND INFORMATION:
For Localized Market Updates, see our Housing Market Report link below.
For detailed reports and graphs in areas of Bozeman; outside city of Bozeman, Belgrade, Manhattan, Livingston, Three Forks, Big Sky and more, refer to the link below:
If you would like a more detailed market analysis in your
neighborhood contact Ed and Karen for a no-obligation consultation