Montana housing market data: median home price, year-over-year appreciation, inventory, months of supply, days on market, affordability, and what it means for
Montana is currently a balanced market. The median sale price sits near $469,000, up 1.5% from a year ago, with roughly 50,147 active listings and 4.2 months of supply. Homes are going under contract in about 39 days on average.
Montana's median sale price of $469,000 is 11.9% above the $419,300 national median, which places it 13 of 51 states by price level. Year-over-year appreciation of 1.5% ranks 42 of 51, so Montana is currently a middle-of-the-pack state relative to the rest of the country.
Inside the Mountain region, the median state price is $469,000, so Montana runs 0.0% richer than its regional peers — the closest comparisons are Colorado at $578,000, Utah at $542,000, Idaho at $468,000, Wyoming at $372,000. That gap matters for loan sizing: at the same rate, a Montana file carries roughly $0 more balance than the regional median, which changes qualifying income and the value of a rate-and-term option.
No individual Montana metro is broken out in this dataset, so the state figure is the most granular number we publish here. For submarket detail, work from county records and your MLS rather than treating the Montana median as a local comp.
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Montana is currently a balanced market. The median sale price sits near $469,000, up 1.5% from a year ago, with roughly 50,147 active listings and 4.2 months of supply. Homes are going under contract in about 39 days on average.
Affordability remains the binding constraint. At the current national average 30-year fixed rate near 6.42%, the typical payment on a median-priced home in Montana runs about $3,122 per month including taxes and insurance, against a median rent near $2,538. That gap is what determines whether purchase conversations in this market start with payment, with price, or with a buydown structure.
Supply is close to balance, with price reductions on about 20% of active listings. Builder incentives are selective, and permits are running near 26,515 annualized units.
For originators, the practical read is this: buyers have negotiating room again, so seller-paid temporary buydowns and closing cost credits are the highest-leverage tools in your kit.
Montana currently reads as a balanced market with 4.2 months of supply. Balanced is generally considered four to six months, so this market is close to balance.
The median sale price is approximately $469,000 as of 7/24/2026, up 1.5% from a year earlier.
No. Median prices are up about 1.5% year over year, though the pace of appreciation has slowed considerably from the 2021 peak.
The typical down payment on a closed transaction is near $57,312, and the resulting payment at the current national average 30-year fixed rate is roughly $3,122 per month including taxes and insurance. Low-down-payment FHA, VA, and conventional 3% options can materially reduce the cash required.
Our directional 12-month range is -0.1% to +3.3% on median price. Confidence is moderate; the rate path is the dominant variable.
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