The typical home value in
Manhattan
is projected to be
$541,750
for the month of
July.
June’s
finalized data reported the typical value of a home in the
city
to be
$645,000—down
16.77%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$649,450
in
Gallatin County
for the most recent reporting period.
That number is expected to float around
$649,430
in
July.
Manhattan
had
6
new listings and
7
listings that went under contract in
June,
decreasing
the area’s total available inventory to
17—down
15.0%
from the previous month. Inventory is projected to have further
decreased
in
July.
Of those
17
active listings,
17.65%
reduced their price in the month of
June.
The median listing price for homes in
Manhattan
fell
13.87%
from
May
to
June,
bringing the current median listing price to
$628,750.
Based on projected data for
July,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
June 2025,
the median time for a listed property to go pending was
57
days, compared to
54
days in
June 2024.
However, in recent months the median number of days from listed to pending appears to be
rising.
That trend is predicted to have carried through to this
July.