Montana Housing Market Update: Prices, Sales, and Days on Market

By The Hollinger Team

Diana, Kellie, Dane, Drew and I have over 85 years of experience in Montana real estate, specializing in waterfront properties. Let’s see what we can find for you.

If you’ve been watching Montana real estate from the sidelines, it’s easy to feel like the whole state has turned into “Bozeman prices.” You hear $800k headlines, you see more homes sitting, and you start wondering if affordability is gone for good.

Here’s the part most people miss. When you pull up the Montana Association of Realtors numbers and compare the state market by market, the story gets a lot more interesting. Some areas cooled a bit, some held steady, and a few “more affordable” markets actually saw prices climb.

To make it easy to follow, I’m starting with the highest-priced region and working down to the most affordable, using the latest 2024 vs. 2025 stats for homes, condos, and townhomes.

1. Greater Bozeman (Gallatin County) is still the price leader, but the tempo slowed. Single-family median price dipped from $810,000 to $799,000, while sales rose from 1,045 to 1,089. The bigger signal is time on market, which jumped from 25 to 61 days. Condos stayed basically flat on sales and price, but days on market went from 41 to 86. Townhome sales slipped from 175 to 162, and days on market went from 21 to 49.

2. Greater Flathead County (Kalispell, Whitefish, Columbia Falls, Bigfork) is still high, and it inched up. The single-family median price rose from $680,000 to $689,000, while sales increased from 1,164 to 1,238. Condo activity was stronger, with sales rising from 133 to 162 and the median price moving from $547,500 to $572,500, although days on market climbed from 168 to 207. Townhomes stood out, with the median price rising from $418,312 to $455,000, while days on market improved slightly from 104 to 100.

3. Bitterroot Valley (Ravalli County) stayed steady, with slightly lower home prices. Single-family sales were basically unchanged at 503 to 504, while the median price dipped from $605,000 to $596,979, and days on market held at 103. Condos and townhomes saw fewer sales, with condo sales dropping from 22 to 13 and townhome sales from 28 to 19. The townhome median price rose from $365,000 to $375,000, and days on market increased from 98 to 113.

4. Missoula County showed mild price softening, but steady demand. Single-family sales rose from 922 to 984, while the median price slipped from $605,500 to $592,000, and days on market increased from 75 to 82. Condos saw the median drop from $360,000 to $343,750, with days on market rising from 74 to 91. Townhome sales fell from 99 to 84, but the median price rose from $469,900 to $497,950.

5. Helena (Lewis and Clark County) held its price line and stayed consistent. Single-family sales increased from 716 to 776, with the median price essentially flat at $485,000 to $489,000, and days on market rising from 74 to 81. Condo sales dropped from 95 to 76, but pricing stayed steady at about $345,000. Townhomes are in short supply here, but the median price rose from $380,000 to $435,000.

6. Billings (Yellowstone County) stayed remarkably stable, with more townhome activity. Single-family sales rose from 1,751 to 1,810 while the median stayed essentially flat at $385,500 to $386,500, and days on market improved from 52 to 47. Condo sales increased from 62 to 69, and days on market improved from 44 to 35. Townhome sales jumped from 192 to 233, with the median moving only slightly from $318,000 to $323,750.

7. Great Falls (Cascade County) got more expensive even with fewer single-family sales. Single-family sales fell from 824 to 783, but the median price rose from $332,450 to $345,000. Condos were the eye-catcher, with the median jumping from $236,000 to $303,750, while days on market dropped from 72 to 62. Townhomes stayed steady on sales, with the median rising from $417,616 to $439,008.

8. Butte and Anaconda (Silver Bow County) stayed the most affordable, and it still moved up. The single-family median price rose from $287,500 to $303,700, while sales increased from 250 to 269. Condos and townhomes are very small sample sizes here, so it’s hard to draw big conclusions, but it’s still useful for comparison. The main takeaway is that this region is still far below Bozeman’s pricing, even though both moved upward.

What this means if you’re buying or selling in Northwest Montana. Across the state, the pattern is pretty clear. The top markets are taking longer to sell, several areas saw small price dips, and the “more affordable” markets are not standing still, especially in condos and certain segments like townhomes. That’s why statewide headlines don’t help much. You need the local numbers for the exact property type you’re interested in.

If you want to break this down specifically for Bigfork, Kalispell, and the Flathead Valley, reach me at 406-837-5531, ScottHollingerMT@gmail.com, or visit flatheadrealestate.com. I’m happy to walk through what the current listings and recent sales are showing right now.