Billings, MT Housing Market
Cool MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Billings, MT metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $410K
- Median days on market
- 58 days
- Months of supply
- 4.5
- Active inventory
- 978
- Homes sold
- 218
- Listings with price drop
- 19.1%
- 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
- Balanced
- Buyer leverage
- Medium
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · 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.
Cool Market
Buyer activity is slowing, creating more negotiating room.
Billings, MT market summary
The Billings, MT metro area housing market is cooling down. As of May 2026, the median home sale price is $410K, up 9.3% year-over-year. Homes are spending a median of 58 days on the market, 1.7% shorter than a year ago.
There are 978 homes for sale — 10.3% fewer than last year. With 4.5 months of supply, this is a balanced market. 317 new listings were added during this period, down 17.9% year-over-year.
0.0% of homes sell above their asking price. 19.1% 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
vs. Montana Median
Investor takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage.
Billings, MT market trends
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Detailed market metrics
Median list price
$445K
Price per sq ft
$201
Sale-to-list ratio
N/A
Months of supply
4.5
Sold above list
0.0%
Price drops
19.1%
New listings
317
↓ 17.9% YoY
Pending sales
310
Off market in 2 weeks
41.0%
Billings, MT housing market FAQs
What is the median home price in Billings, MT?
For the latest published month, the median sale price in Billings, MT is $410K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Billings, MT a buyer's or seller's market?
With about 4.5 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 Billings, MT?
For the latest published month, the median days on market in Billings, MT is 58 days — half of homes went pending faster and half slower.
Is Billings, MT good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Billings, MT 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 Billings, MT?
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 Billings, MT deals.
Compare more Montana metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Billings, MT deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.