The Montana Real Estate Market: 2025 Trends

🏠 Buying a house in Montana | 🏘️ Selling a house in Montana | 🚚 Moving to Montana

🏡 Home values in Montana have risen 5.89% over the past year, indicating a seller's market.

📈 Housing inventory (the total number of homes for sale) stands at 4,289. That's about 10.98 months of inventory, indicating a seller's market.

📊 The sale-to-list price ratio (the percentage of listing price sellers are actually getting) is 98.80%, indicating a seller's market.

How does Montana compare to the national average?

Data pointValueRankCompared to national avg
Typical home value $459,819[1]#13 of 50 states22.4% higher
Median listing price $637,000[2]#6 of 50 states43.7% higher
Median sale price $553,000[3]#9 of 50 states26.4% higher
30-year mortgage rate 7.05%[4]#42 of 50 states1.1% higher
Median days on market 79[5]#48 of 50 states34.4% longer
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Looking to buy or sell in Montana?

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Buying a house in the Montana real estate market

Montana has an affordability score of 7.8, meaning it takes 7.8 years of the median household income ($70,804) to afford Montana's median home sale price ($553,000). Because of this, we rank Montana as the 3rd least affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to national avg
Median sale price $553,000[6]#9 of 50 states26.4% higher
30-year mortgage rate 7.05%[7]#42 of 50 states1.1% higher
Median household income $70,804[8]#34 of 50 states8% lower
Affordability ratio 7.8#48 of 50 states40.1% higher
Buyers agent commission 2.82%[9]#27 of 50 states2.7% higher
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Who pays for realtor commission in Montana?

Real estate agents' commissions are technically the responsibility of their respective clients - buyers pay their agents, and sellers pay theirs. Each party signs a contract with their agent promising to pay. However, sellers usually offer to pay for the buyer's agent so they can more easily afford the home.

Who pays closing costs in Montana?

Sellers are usually responsible for most closing costs, but some closing expenses fall to the buyer. As a buyer, you'll be expected to pay for the mortgage loan origination fee and other lender-related fees, private mortgage insurance, the down payment, an appraisal fee, and a home inspection fee.

Learn more about who pays closing costs in Montana.

Resources for Montana home buyers

Selling a house in the Montana real estate market

According to our detailed survey of Montana real estate agents, listing agents (those representing the seller) charge an average commission in Montana of 2.79%, which is the 11th lowest in the United States. Buyers' agents charge an average commission of 2.82%, which is the 24th highest in the United States.

Data pointValueRankCompared to national avg
Median listing price $637,000[10]#6 of 50 states43.7% higher
Median sale price $553,000[11]#9 of 50 states26.4% higher
Median days on market 79[12]#48 of 50 states34.4% longer
Buyer's agent commission 2.82%[13]#27 of 50 states2.7% higher
Listing agent commission 2.79%[14]#11 of 50 states1.8% lower

Resources for Montana home sellers

Moving to Montana

According to our recent moving trends survey[15], 9% of Americans indicated that they would choose to move to Montana if money were no object.

Here's how Montana cities rank in a number of our research studies.

StudyBest Montana cityRank
Best Pizza Cities[16]No ranking Montana citiesNo ranking Montana cities
Best Coffee Cities[17]No ranking Montana citiesNo ranking Montana cities
Best LGBTQ Cities[18]No ranking Montana citiesNo ranking Montana cities
Best Bike Cities[19]No ranking Montana citiesNo ranking Montana cities
Best Commuter Cities[20]No ranking Montana citiesNo ranking Montana cities
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Where to shop for homes in Montana

Frequently asked questions

As of October 17, 2025, the median days on market (DOM) in Montana is 102. On average, it takes about 99 days to sell in Montana.

Home values have risen in Montana over the past year. The current median home value is $464,163 and it's projected to rise by 2.47% in the next year.

As of October 17, 2025, sellers in Montana are typically getting 97.72% of the list price for their homes.

Methodology

Information on market conditions is based on Zillow data as of September 2025, Realtor.com data as of September 2025, and HouseCanary data as of October 17, 2025, unless specified otherwise.

We gathered our commission rate data from a September 2025 survey of 828 of agents nationwide. The survey asked about standard local rates for both listing and buying agents. To ensure an adequate amount of agent data, these data points are averages based on responses we've received from 42 agents in the Rocky Mountains region.

Article Sources

[1] Zillow – "Zillow Home Value Index". Updated August 31, 2025.
[2] Realtor.com – "Realtor.com Data Library". Updated September 2025.
[3] Redfin – "Redfin Data Center". Updated August 2025.
[4] Bankrate – "Bankrate". Updated October 2025.
[5] Realtor.com – "Realtor.com Data Library". Updated September 2025.
[6] Redfin – "Redfin Data Center". Updated August 2025.
[7] Bankrate – "Bankrate". Updated October 2025.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated October 2025.
[10] Realtor.com – "Realtor.com Data Library". Updated September 2025.
[11] Redfin – "Redfin Data Center". Updated August 2025.
[12] Realtor.com – "Realtor.com Data Library". Updated September 2025.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated October 2025.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated October 2025.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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