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Featured local agent — Gallatin Gateway, MT
Sarah Mitchell
Compass Real Estate · Gallatin Gateway, MT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gallatin Gateway, MT Housing Market
The typical home in Gallatin Gateway, MT is worth $1.16M, rose 8.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $2.29M, +337.1% year over year (through May 2026). With 6.0 months of supply and homes going under contract in about 235 days, Gallatin Gateway is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $1.16M home is about $6,215/mo in principal and interest.
Key numbers for Gallatin Gateway, MT
Typical home value
$1.16M
+8.0% in 12 months
Zillow, August 2026
Median sale price
$2.29M
+337.1% year over year
Redfin, through May 2026
Days on market
235
Slow-moving
Redfin, through May 2026
Active listings
6
6.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$81,429
Home costs 14.3x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Gallatin Gateway a buyer's or seller's market?
Gallatin Gateway, MT is a buyer's market, based on 6.0 months of supply and homes selling in about 235 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Gallatin Gateway housing market data show?
Every row below is Redfin's final published month for Gallatin Gateway, MT. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $2.29M |
| Median list price | $1.96M |
| Year-over-year price change | +337.1% |
| Median price per sq ft | $734/sq ft |
| Median days on market | 235 days |
| Active inventory | 6 listings |
| Months of supply | 6.0 months |
| Homes sold (that month) | 1 |
| New listings (that month) | 2 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Gallatin Gateway is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Gallatin Gateway is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Gallatin Gateway home prices moved?
Over the last three years the median sale price in Gallatin Gateway, MT rose 178.2%, from $825,000 to $2.29M. The live Zillow value series has rose 8.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 16.7% of Gallatin Gateway listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Gallatin Gateway?
Priced off the typical home value of $1.16M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $232,839 | $931,357 | $6,215/mo |
| 5% | $58,210 | $1.11M | $7,380/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $6,215, that implies roughly $266,362 a year before you add taxes and insurance. The median household in Gallatin Gateway earns $81,429, about $184,933 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 14.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Gallatin Gateway in the next 12 months?
Tell us your timeline. We send the Gallatin Gateway market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Gallatin Gateway?
Zillow does not publish a rent index (ZORI) for Gallatin Gateway, MT, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Gallatin Gateway?
Active listings in Gallatin Gateway, MT went from 10 in August 2024 to 6 in May 2026, a -40.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| November 2024 | 7 | not published |
| April 2025 | 6 | not published |
| May 2025 | 6 | 2 |
| July 2025 | 5 | 1 |
| August 2025 | 5 | 2 |
| September 2025 | 4 | not published |
| October 2025 | 4 | 1 |
| December 2025 | 4 | not published |
| January 2026 | 4 | 2 |
| February 2026 | 3 | not published |
| April 2026 | 5 | 2 |
| May 2026 | 6 | 2 |
Redfin, through May 2026
How does Gallatin Gateway compare to Montana and the U.S.?
Gallatin Gateway homes sell for $2.29M — 334% above the Montana median of $528,600. Against the national median of $410,700, Gallatin Gateway runs 459% higher. Year-over-year, Gallatin Gateway moved +337.1% against Montana's +1.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Gallatin Gateway, MT | $2.29M | +337.1% | 235 days |
| Montana statewide | $528,600 | +1.5% | 69 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Gallatin Gateway
What buyers should watch
- Months of supply, currently 6.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 16.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $1,165 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $1.16M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Gallatin Gateway listing goes under contract in 235 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Gallatin Gateway added 2 new listings against 1 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +8.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Gallatin Gateway varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Gallatin Gateway
There are currently 6 homes listed for sale in Gallatin Gateway, Montana. The median listing price is $2.0M.
Active listings
6
Homes on market
Median list price
$2.0M
Avg. days on market
235
Days until sale
New this week
2
Newly listed
How much do homes cost in Gallatin Gateway by property type?
How the Gallatin Gateway, MT market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.29M | $734/sq ft | 1 | 235 days |
Who lives in Gallatin Gateway?
American Community Survey estimates for Gallatin Gateway. U.S. Census ACS, 2023
Population
1,092
Households
396
Median income
$81,429/yr
Median age
39.4 years
Owner-occupied
90.2%
Median home value
$747,900
Median gross rent
$1,160/mo
Mean commute
29.2 min
90.2% of occupied homes in Gallatin Gateway are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $747,900 against Zillow's $1.16M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Gallatin Gateway?
5 schools tracked · 530 students
The largest public schools serving Gallatin Gateway, MT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Ophir Elementary School
Grades PK-5 · 195 students
Lone Peak High School
Grades 9-12 · 113 students
Gallatin Gateway School
Grades PK-6 · 107 students
Ophir 7-8
Grades 6-8 · 88 students
Gallatin Gateway 7-8
Grades 7-8 · 27 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gallatin Gateway, MT?
Ordered by distance from Gallatin Gateway, not by size. Compare Gallatin Gateway side by side with any of them.
Gallatin Gateway housing market FAQ
Is Gallatin Gateway a buyer's or seller's market?
Gallatin Gateway, MT is currently a buyer's market. That read comes from 6.0 months of supply, homes going under contract in about 235 days in the last month Redfin published (May 2026).
How much do homes cost in Gallatin Gateway?
The typical home in Gallatin Gateway, MT is worth $1.16M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $2.29M, about $734 per square foot.
Is Gallatin Gateway cheaper than the rest of Montana?
Gallatin Gateway's median sale price of $2.29M is 334% higher than the Montana statewide median of $528,600, and 459% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Gallatin Gateway?
Homes in Gallatin Gateway, MT spent a median of 235 days on market before going under contract, versus 69 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Gallatin Gateway?
At the current 30-year fixed rate of 7.03%, 20% down on a $1.16M home is about $6,215 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $266,362 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $81,429.
Are home prices rising in Gallatin Gateway?
The typical home value in Gallatin Gateway, MT rose 8.0% over the last 12 months, from $1.08M to $1.16M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Gallatin Gateway?
Gallatin Gateway ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Gallatin Gateway?
That depends on your timeline, not on a headline. What the data says today: Gallatin Gateway, MT is a buyer's market with 6.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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