Montana (MT) housing market
Cold MarketStatewide monthly sale-market indicators for rental investors — not a substitute for local rent comps, taxes, or insurance, but a fast read on price level, pace, and negotiation pressure.
Data period: May 2026
Market snapshot
- Median sale price
- $529K
- Median days on market
- 69 days
- Months of supply
- 5.2
- Active inventory
- 6,011
- Homes sold
- 1,156
- Listings with price drop
- 19.2%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Cooling
- Buyer leverage
- Medium
- Pricing signal vs. U.S. median
- Near U.S. median (price only)
- Investor fit (heuristic)
- Negotiation
Watch-outs
- Slower sales (longer days on market) can mean more time to diligence — but also weaker demand.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
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 May 2026, the median home sale price is $529K, up 1.4% year-over-year. Homes are spending a median of 69 days on the market, 6.2% longer than a year ago.
There are 6,011 homes for sale — 2.2% fewer than last year. With 5.2 months of supply, this is a balanced market. 1,904 new listings were added during this period, down 11.3% year-over-year.
0.0% of homes sell above their asking price. 19.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
73
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
$620K
Price per sq ft
$299
Sale-to-list ratio
N/A
Months of supply
5.2
Sold above list
0.0%
Price drops
19.2%
New listings
1,904
↓ 11.3% YoY
Pending sales
1,487
Montana housing market FAQs
What is the median home price in Montana?
For the latest published month, the median sale price in Montana is $529K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Montana a buyer's or seller's market?
With about 5.2 months of supply, the market is often closer to balanced — neither extreme scarcity nor extreme surplus.
How long do homes stay on the market in Montana?
For the latest published month, the median days on market in Montana is 69 days — half of homes went pending faster and half slower.
Is Montana good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Montana can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Montana?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Montana deals.
Metro markets in Montana
Open a metro for the same investor snapshot and trends, then run a shortlist through the DSCR calculator and cap rate calculator.
Billings, MT
$410K median · 58 days on market
Bozeman, MT
$690K median · 70 days on market
Kalispell, MT
$649K median · 72 days on market
Missoula, MT
$559K median · 57 days on market
Helena, MT
$535K median · 65 days on market
Great Falls, MT
$340K median · 51 days on market
Butte, MT
$295K median · 59 days on market
More Montana housing market data
Compare how Montana fits nationally on the U.S. housing market overview, or browse the top 100 U.S. metro housing markets by sales activity.
New to underwriting? Read how much cash it takes to buy a rental in 2026 — then stress-test assumptions in the calculators above.
Underwrite a Montana rental with real numbers
Cash flow, Cap Rate, DSCR, and cash-on-cash return — built for speed without skipping rigor.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.