Median Home Price
$448K
$258/sqft
YoY Appreciation
+2.8%
Year-over-year
Days on Market
42d
Median DOM
Inventory
3.8mo
Balanced
List-to-Sale
96%
Avg ratio
Cash Buyers
32%
of all sales
📰
Montana Market Overview
Montana was one of the pandemic's biggest beneficiaries as remote workers discovered Bozeman and Missoula. Prices surged dramatically and have now stabilized at elevated levels. Bozeman remains one of the most expensive non-coastal small cities in the country, driven by tech transplants and a booming outdoor recreation economy.
🏠 Buyer Insight
Bozeman is expensive but has real economic fundamentals. Billings offers Montana lifestyle at substantially lower prices.
📋 Seller Insight
Cash-heavy buyers dominate Montana's market. Lifestyle amenities and land/views command significant premiums.
🏙️
Top Cities in Montana
| City | Median Price | YoY Change | Days on Market | Price/Sqft |
|---|---|---|---|---|
| Billings | $388K | +2.4% | 38d | $228 |
| Bozeman | $648K | +3.2% | 28d | $368 |
| Missoula | $498K | +2.8% | 34d | $288 |
📊
Market Health Indicators
Market Velocity
Slow — buyer has negotiating room
Buyer Competition
Low — below-asking offers common
Inventory Pressure
Balanced — moderate supply
Investment Momentum
2.8% annual appreciation — modest gains
👥
Buyer Demographics
🏠
32%
First-Time Buyers
of all purchases
💵
32%
Cash Buyers
of all purchases
⏱️
48d
Avg Close Time
from offer to close
⚠️
2.4/10K
Foreclosure Rate
homes in default
🧮
Affordability Calculator — Montana
Market Characteristics
#mountain-west#outdoor-lifestyle#remote-workers#post-pandemic-surge#scenic
📊 CURRENT RATESMar 9, 2026
30-YR FIXED
—
15-YR FIXED
—
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—
JUMBO 30-YR
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WK CHANGE 30-YR:↓ 0.04%
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