Gallatin Valley — May 2026

As of May 2026, the median sale price in Gallatin Valley is $650K. This represents a +4.0% change compared to the same month in the prior year. The median price per square foot stands at data not available for this period.

Homes in Gallatin Valley spent an average of 82 days on market in May 2026, which is +7 days compared to the same period last year. Shorter days on market generally indicate stronger buyer demand relative to available supply.

May 2026 data shows 7.0 months of supply in Gallatin Valley, which indicates a buyer's market. Higher inventory gives buyers more negotiating leverage. A balanced market typically sits between 3 and 6 months of supply. Current inventory of 1,583 active listings supports this assessment.

There are currently 1,583 active listings in Gallatin Valley as of May 2026. New listings that came to market this month totaled 419.

The 30-year fixed mortgage rate is 6.87% as of the week this report was published, according to Freddie Mac's Primary Mortgage Market Survey (PMMS). On the Gallatin Valley median sale price of $650K, this equates to an estimated monthly principal and interest payment of approximately $3,414 with 20% down. Individual rates vary based on credit profile, loan type, and lender.

The FHFA conforming loan limit for Gallatin County is $807K for 2026. Loan amounts above this threshold require jumbo financing, which may carry different rate structures and qualification requirements. As of May 2026, the Gallatin Valley median sale price of $650K is within the conforming loan limit, assuming 20% down payment.

230 homes closed in Gallatin Valley in May 2026, which is +4.5% compared to the same month in the prior year. The sale-to-list ratio — how close to list price homes ultimately sold — was 99.4%, indicating that sellers are accepting modest discounts from list price on average.