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Gallatin County real estate report shows prices up, inventory low [View all]
Gallatin County real estate report shows prices up, inventory low
By Juliana Sukut Chronicle Staff Writer 21 hrs ago
Bozeman homes stayed on the market for an average of less than two weeks in August as the city’s residential real estate market continued to see high prices and low inventory.
The median price for a single-family home in August rose to $769,000, a 31% increase from August 2020, according to a monthly real estate report from the Gallatin Association of Realtors. From August 2019 to August 2021, home prices rose 51%.
It’s the highest monthly median price in 2021 for a single-family home in Bozeman, although the city has seen monthly median prices above $700,000 since June.
And homes didn’t stay on the market long. In Bozeman, a single-family home stayed on the market in August for an average of nine days — selling nearly 4 times faster than in 2020.
The greater Big Sky area saw even more drastic increases in home prices, with the median price for a home rising 110% from August 2020 to August 2021 to a whopping $3.05 million.
{snip}
Juliana Sukut
Business and Health Reporter
By Juliana Sukut Chronicle Staff Writer 21 hrs ago
Bozeman homes stayed on the market for an average of less than two weeks in August as the city’s residential real estate market continued to see high prices and low inventory.
The median price for a single-family home in August rose to $769,000, a 31% increase from August 2020, according to a monthly real estate report from the Gallatin Association of Realtors. From August 2019 to August 2021, home prices rose 51%.
It’s the highest monthly median price in 2021 for a single-family home in Bozeman, although the city has seen monthly median prices above $700,000 since June.
And homes didn’t stay on the market long. In Bozeman, a single-family home stayed on the market in August for an average of nine days — selling nearly 4 times faster than in 2020.
The greater Big Sky area saw even more drastic increases in home prices, with the median price for a home rising 110% from August 2020 to August 2021 to a whopping $3.05 million.
{snip}
Juliana Sukut
Business and Health Reporter
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