Last month, we focused on activity in the Gallatin County for condo/townhomes. This month, we will highlight rising prices for all homes in the Gallatin County.

Here are a few stats

  • The average price of a single-family residence raised from $364,736 in 2013 to $402,370 currently, a $37,634 increase.
  • The median price also rose from $279,500 in 2013 to $295,000, a $15,500 increase.
  • The average price of a condo/townhome raised from $236,544 in 2013 to $282,109 currently, an increase of $45,565.
  • The median price of these homes also raised from $175,000 in 2013 to $200,000 currently, an increase of $25,000.

Summary – based on these consistent price increases for single-family residences, condominiums and townhomes, the 2014 market continues to improve the value of homes in the Gallatin Valley.