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2023 Gallatin Valley Housing Report

Rob Wigton, CEO, Gallatin Association of REALTORS®

As CEO of the Gallatin Association of REALTORS® these past few years, I must applaud the efforts of our Government Affairs Director, Ellen Beck, and the committee which has worked diligently to put together this marvelous compilation of housing information. We are fortunate to live in such a wonderful location, and as more and more folks around the country discover our allure, it’s important to be able to track the evolution of housing statistics. This will serve us all well for the future. Enjoy the Report and have a wonderful year ahead!

Ellen Beck, Government Affairs Director, Gallatin Association of REALTORS®

We hope that the 2023 Gallatin Valley Housing Report will demonstrate the growth and changes we have seen in Gallatin County and surrounding areas since last year.

Once again, we have relied on a county-wide group of experts in the fields of housing, banking, building, planning, development, and management to help provide data and information for this Housing Report. This document is not a forecast for housing in 2023 nor does it serve to predict changes in housing trends. It’s purpose is to provide factual, statistical data. What you choose to do with the information is up to you.

Please reach out to me or members on our panel or on our steering committee if you have questions about any of the information contained in this report. This Housing Report is available in hard copy and PDF for your convenience.

About this Report

This report is the product of a joint effort of the leaders listed above, including real estate professionals, government officials, lenders, data professionals and researchers who collaborated on all aspects of this project to bring it to a successful conclusion. The purpose of this report is to give a comprehensive statistical snapshot of the status of the Gallatin Valley’s residential real estate markets that can be used as a starting point for productive conversations addressing its opportunities and challenges. The data were compiled and the report was written by the Bureau of Business Research (BBER) at the University of Montana. The BBER is greatly indebted to all those individuals who so graciously supplied the data and insights that you see in this report.