Montana Realtors Release Purchase Statistics

September 15, 2016

 

 


BOZEMAN, MT – The Gallatin area real estate market experienced growth throughout August 2016 with 245 units sold, an increase of 23 units over the previous month and an increase of 21 units, or nine percent, over August of 2015.

 

The average sale price in August 2016 was $358,997, a five percent increase from the August 2015 average sale price of $343,239. Total sales volume was $87,949,404 during August 2016, up fourteen percent compared to $76,885,664 in August 2015.

 

“With overall sales up nine percent in August 2015 and the average sales price up five percent, we see the Gallatin area real estate market continuing to thrive,” said 2016 GAR President Tyler Garrison. “Our local REALTORS® continue to support this growth by helping both buyers and sellers navigate the market successfully.”

August 2016 statistics are as follows: 

Gallatin County Year-to-Year comparison for Residential Sales including Single Family Homes, Condominiums, Townhomes and Mobile/ Manufactured 

Residential Sales - Units

  • August 2015: 224

  • August 2016: 245

Residential Sales - Average Sales Price

  • August 2015: $343,239

  • August 2016: $358,977

Residential Sales - Total Sales Volume

  • August 2015: $76,885,664

  • August 2016: $87,949,404

Bozeman

  • Units Sold: 159

  • Average Sale Price: $368,339

  • Total Sales: $58,565.879

Belgrade

  • Units Sold: 51

  • Average Sale Price: $251,993

  • Total Sales: $12,851,625

Greater Manhattan

  • Units Sold: 7

  • Average Sale Price: $295,571

  • Total Sales: $2,069,000

Greater Three Forks

  • Units Sold: 4

  • Average Sale Price: $501,475

  • Total Sales: $2,005,900 

Big Sky

  • Units Sold: 24

  • Average Sale Price: $519,042

  • Total Sales: $12,457,000

Park County

  • Units Sold: 31

  • Average Sale Price: $288,119

  • Total Sales Volume: $8,931,675

Madison County

  • Units Sold: 18

  • Average Sale Price: $246,967

  • Total Sales Volume: $4,445,400

Beaverhead County

  • Units Sold: 10

  • Average Sale Price: $201,540

  • Total Sales Volume: $2,015,400

Jefferson County

  • Units Sold: 5

  • Average Sale Price: $76,700

  • Total Sales Volume: $383,500

Sweet Grass County

  • Units Sold: 7

  • Average Sale Price: $156,071

  • Total Sales Volume: $1,092,500

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