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: January 2026
Median Sale Price
$525K
↓ 2.7% YoY
Days on Market
110 days
↓ 0.9% YoY
Active Inventory
4,335
↑ 4.8% YoY
Homes Sold
618
↓ 3.4% 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 January 2026, the median home sale price is $525K, down 2.7% year-over-year. Homes are spending a median of 110 days on the market, 0.9% shorter than a year ago.
There are 4,335 homes for sale — 4.8% more than last year. With 7.0 months of supply, this is a buyer's market. 892 new listings were added during this period, up 9.4% year-over-year.
Homes are selling for 78.6% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 15.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
88
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
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$674K
Price per Sq Ft
$291
Sale-to-List Ratio
78.6%
Months of Supply
7.0
Sold Above List
0.0%
Price Drops
15.1%
New Listings
892
↑ 9.4% YoY
Pending Sales
987
Metro Areas in Montana
Billings, MT metro area
$410K median
100 days
on market
Bozeman, MT metro area
$699K median
104 days
on market
Kalispell, MT metro area
$675K median
114 days
on market
Missoula, MT metro area
$527K median
109 days
on market
Great Falls, MT metro area
$349K median
88 days
on market
Helena, MT metro area
$465K median
96 days
on market
Butte, MT metro area
$307K median
62 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.