Is Gallatin, MO 64640 a buyer’s or seller’s market?

The Gallatin housing market right now

In the three months ending August 31, 2026, 13% of homes in Gallatin, MO 64640 sold above their list price, the typical home went under contract in 31 days and there were 4.4 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 16 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (42 days then) and the median sale price fell 8% to $246,306. Overall, Gallatin is more competitive than a year ago, so tougher for buyers.

Within Daviess County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Gallatin ranks #180 of 263 MO ZIP codes with enough sales (score 41 out of 100).

Nearby, buyers who want less competition could look at Winston 64689 (0% sold over asking) or Jamesport 64648 (0% sold over asking), while Altamont 64620 (100% sold over asking) is even more competitive.