Montana Housing Market
Cold MarketHousing market data and trends for Montana. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: March 2026
Median Sale Price
$505K
↓ 7.3% YoY
Days on Market
115 days
↑ 8.5% YoY
Active Inventory
4,939
↑ 7.6% YoY
Homes Sold
921
↑ 32.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Montana Market Summary
The Montana housing market is cooling down. As of March 2026, the median home sale price is $505K, down 7.3% year-over-year. Homes are spending a median of 115 days on the market, 8.5% longer than a year ago.
There are 4,939 homes for sale — 7.6% more than last year. With 5.4 months of supply, this is a balanced market. 1,517 new listings were added during this period, up 4.2% year-over-year.
Homes are selling for 83.3% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 16.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price.
Montana Market Trends
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Detailed Market Metrics
Median List Price
$578K
Price per Sq Ft
$283
Sale-to-List Ratio
83.3%
Months of Supply
5.4
Sold Above List
0.0%
Price Drops
16.2%
New Listings
1,517
↑ 4.2% YoY
Pending Sales
1,306
Metro Areas in Montana
Billings, MT metro area
$397K median
108 days
on market
Bozeman, MT metro area
$662K median
98 days
on market
Kalispell, MT metro area
$592K median
136 days
on market
Helena, MT metro area
$430K median
87 days
on market
Missoula, MT metro area
$575K median
78 days
on market
Great Falls, MT metro area
$349K median
88 days
on market
Butte, MT metro area
$300K median
108 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.