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Is Manhattan, MT 59741 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Manhattan is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market64Listing to accepted offer
Median price per sq ft$382▲ +0.7% vs. last year

The Manhattan housing market right now

In the three months ending August 31, 2026, 0% of homes in Manhattan, MT 59741 sold above their list price, the typical home went under contract in 64 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (51 days then) and the median sale price rose 36% to $834,639. Overall, Manhattan is less competitive than a year ago, which gives buyers more room.

Within Gallatin County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Run the numbers for 59741

Prefilled for 59741Can I win this house?Multiple-offer likelihood for a listing Prefilled for 59741Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Belgrade 59714Balanced $316 /sq ftBozeman 59715Balanced $466 /sq ftBozeman 59718Balanced $353 /sq ftGallatin Gateway 59730Buyer’s market $801 /sq ft Browse all markets →

Towns like Manhattan nearby

Find towns like Manhattan in other states →
Three Forks, MT59752 · 12 miles away80% similarcheaper homes ($154K less) · 6 min longer commute Ennis, MT59729 · 36 miles away76% similarcheaper homes ($135K less) · smaller Livingston, MT59047 · 38 miles away73% similarcheaper homes ($158K less) · larger Belgrade, MT59714 · 8 miles away71% similarcheaper homes ($67K less) · larger

Where Manhattan is

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Questions about Manhattan real estate

Is Manhattan a buyer’s or seller’s market?

A balanced market: there were 5.6 months of supply in Manhattan, MT 59741 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Manhattan?

The typical home went under contract in 64 days in the latest three months.

Do homes in Manhattan sell over asking?

0% of homes sold above their original list price.

What are property taxes in Manhattan?

About 0.59% of a home’s value a year in Gallatin County, or roughly $2,360 on a $400,000 home.

What is the median home price in Manhattan?

The median sale price was $834,639 in the three months ending August 31, 2026, about $382 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology