Markets › Montana
Montana housing market
In the Treasure State, part of the Census Bureau's Mountain division, Pecan Street tracks five markets. Median sale prices run from $362K in Great Falls to $727K in Bozeman over Jul–Sep 2026. Two of five are higher than a year earlier and three are lower; Billings leads at +3.1% and Bozeman trails at -5.0%.
Homes sit longest in Bozeman (85 median days on market) and sell fastest in Helena (63 days). The share of active listings with a price cut runs from 18% in Bozeman to 34% in Billings. Price-to-rent ratios run from about 17 in Great Falls to 20 in Missoula, measured as years of HUD Fair Market Rent per median sale price. Among the 385 U.S. metros Pecan Street tracks, the Bozeman metro has the 5th-lowest share of listings with a price cut and the Missoula metro the 11th-slowest year-over-year price growth. Montana's unemployment rate was 3.1% in Sep 2026 (BLS via FRED), below the national rate of 4.2%.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Billings | $422K | +3.1% | 66 | 34% | ≈ 18 |
| Bozeman | $727K | -5.0% | 85 | 18% | — |
| Great Falls | $362K | +0.7% | 65 | 32% | ≈ 17 |
| Helena | $495K | -0.2% | 63 | 24% | — |
| Missoula | $565K | -4.8% | 78 | 30% | ≈ 20 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.
Recent signals
No market signals flagged across this state right now.