The Emerging
Montana Buyer
of properties sold throughout Montana showed a healthy
increase in 2012 over the 2011 statistics. Though not at
peak numbers, all markets are reporting nice gains in sales
while experiencing declines in inventory levels.
Sales of single family homes in Gallatin County for
2012 were reported at 1,079, which was an 18% increase
over the prior year. Gallatin County's median single family sales price was at $253,750 for 2012, which is a 7%
increase over 2011. The average sales price was $335,700
— the highest county in the state. Finally, days on market
numbers were down in many markets with a 10% decrease
to 101 days for Gallatin County. As of April 30, 2013,
there are 493 available homes for sale in the Bozeman, Bel-
w w w. d i s t i n c t lymo nt a na .co m
grade, Manhattan and Three Forks areas, 272 closed sales
with an average price of $308,816 and 221 pending sales
that average $327,595. The Big Sky market is quite robust
with 26 sales averaging $1,009,973 and 16 sales pending
for an average of $718,856. All markets are up substantially year over year."
Billings led the state in number of single-family sales
for 2012 at 2,001, increasing by 18% from the previous
year. The median sales price increased by 7% to $197,500
with an average of $220,600. For the first quarter of 2013,
residential sales were up to 443 units over 379 in 2012,
with an average sales price of $206,899. The market in
Yellowstone County is fueled by the oil and gas industry,
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