Market Update - First Quarter
Posted by ERA Landmark Real Estate on
Spring has sprung (at least in the Montana-sun-and-snow-kind-of-way) and we’re quickly heading into the busy summer real estate market. It looks like we’re approaching a more balanced local market than we’ve had in the past few years and we’re forecasting an active, positive real estate market here in Southwest Montana this season! Let’s dive into the first quarter statistics in some our local markets.
Single Family Homes in Gallatin Valley
The median sales price for single family homes in Bozeman city limits stayed steady at $749,000 and increased slightly by 28% in Bozeman area. Belgrade also stayed level at $557,000, while in Manhattan/Three Forks prices increased slightly by 11%. In the first quarter, 59 homes were sold in Bozeman city limits,…
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