2025 Year End Market Update

I hope your 2026 is off to a great start. While it doesn’t feel much like January here in Bozeman, I’m not complaining - I’ve been happily taking advantage of the sunshine and dry trails around the valley. Since it is January, let’s take a quick look back at what we saw in 2025 and talk about what may be ahead for real estate in Gallatin County.

A quick note on the data: With the new year came an update to my statistics program. The figures referenced above compare December 2025 to November 2025, rather than year-over-year.

Overall the market remained fairly consistent from 2024 to 2025, with the median sales price staying around $700,000 for all residential property types in Gallatin Valley. Total closed sales increased just slightly by 2.1% to 1,625 sales in 2025. Median days on market increased 34.6% to 35 days. Homes sold on average at 97.4% of list price.

Looking specifically at December 2025, the median sales price was down 9.2% from November. Closed sales were up 9.3%, however, keep in mind most of those properties went under contract in early to mid November. The market tends to be quieter between Thanksgiving and New Years so closings in January 2026 are likely to be less.

I do anticipate total closed sales to increase significantly in 2026. Mortgage interest rates went below 6% last week for the first time in years. If rates stay in this range, we could see more buyers step back into the market. Increased buyer demand could also bring more competition and potentially nudge prices upward - encouraging more sellers to list their home. It will certainly be interesting to see how the year unfolds.

Have any questions or predictions of your own? Reach out anytime!