Montana Real Estate Market May 2022: Forecasts + Trends

Montana real estate trends (May 2022)

How is the real estate market in Montana?
🏠 Average home value: $427,886	📈 0.86% home value increase month over month
💰 Median listing price: $644,225	⏳ 66 days on the market
🔑 Homes on the market: 2,795	📆 2.0 months of housing inventory
🏦 30-year mortgage rate: 5.59000%	💵 Average income: 56539
State of the market: A
Blurb: Though the market is currently active, the spike in listing prices for homes in Montana is making homes sit longer in the market. If the trend continues, inventory may keep swelling and cool the market.
_{Data last updated May 2022}*

In recent years, Montana has become a major destination for retirees. Nicknamed Big Sky Country, the state's dramatic landscape offers unparalleled views of wispy clouds and starry nights.

From its towering mountains to its sweeping grasslands, Montana is known for its sparsely populated rural landscapes. But the state's more populated areas have plenty to offer, too. Bozeman, Helena, Whitefish, and other cities and towns provide plentiful hiking trails and family-friendly amenities.

If you're thinking of buying or selling in Montana, these Montana housing predictions and stats can help you make an informed decision.

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Selling a home in Montana

Montana real estate market forecast for sellers
⏰ Homes are selling 44 days slower than the annual average	💰 Homes are selling for $49,267 more than the annual average
💸 Average listing commission: 2.68%	💸 Average buyer's commission: 2.68%

How to sell a home in Montana

Cost to sell a home in Montana

Buying a home in Montana

How much home you can buy with $300,000 in...
🏠 Billings: 1,333 sq ft	🏡 Bozeman: 558 sq ft
🏡 Missoula: 833 sq ft	🏠 Helena: 1,079 sq ft

Investing in Montana real estate

Best of Montana

Each month, we compare locations in Montana based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Montana
1. Garfield County
2. Daniels County
3. Jefferson County
4. Carter County
5. Petroleum County

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Worst of Montana

Each month, we compare locations in Montana based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Montana
1. Glacier County
2. Big Horn County
3. Roosevelt County
4. Blaine County
5. Lake County

Montana resources

Frequently asked questions about Montana real estate

Currently, it is a seller’s market in Montana. Despite the high listing prices, demand in the state is still high, causing properties to be sold quickly. However, each city and town has its own trends, which is why it’s important to consult with a real estate agent to understand your local market.

Yes, Montana is a good state to invest in real estate, particularly in bigger cities like Billings and Missoula, where people are always looking for housing. However, before you start investing, you must first do some research on what types of properties are profitable and which neighborhoods to buy in. Check out our guide to investing in real estate to learn more.

Now might not be the /real-estate-blog/best-time-to-buy-a-house-in-montana/. Listing prices are much higher than average — and are expected to increase even more in the near future. If you still want to buy, then it’s best to work with a top real estate agent to help you find a good deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

Montana Real Estate Market in 2022: Forecasts + Trends